AKCEL Holding, XRange Plan $272 Million Golf Entertainment Venues Across UAE

Dubai (PlantAndEquipment.com) - AKCEL Holding has inked a development deal with XRange Golf Entertainment worth more than $272 million to establish a network of technology-driven golf entertainment facilities across the UAE.

The venues will include interactive driving ranges, digital gaming, hospitality, and social areas for locals, tourists, and business visitors. Initial development options are being investigated in Dubai, Abu Dhabi, and Ras Al Khaimah, with further growth envisaged.

The project will be financed by the AKCEL Growth Fund, an investment vehicle established by AKCEL Holding and Enlightened Minds Investments inside the Dubai International Financial Centre (DIFC) ecosystem, with AKCEL Realty leading the construction.

The initiative centers on the UAE's booming leisure and gaming industry, which is expected to rise from $550 million in 2025 to $857 million by 2032. Tourism is an important economic engine, with the industry estimated to contribute $72.8 billion to GDP in 2025, accounting for around 13% of the economy.