AKCEL Holding, a Dubai-based diversified conglomerate, has signed a strategic agreement with XRange Golf Entertainment to develop a network of next-generation golf entertainment venues across the UAE, in a project valued at more than AED1 billion ($272.2 million).

The initiative will introduce technology-enabled golf entertainment destinations that combine interactive driving ranges, digital gaming, hospitality, dining and social experiences designed for residents, tourists and corporate audiences.

Initial development opportunities are being explored in Dubai, Abu Dhabi and Ras Al Khaimah, with additional locations expected to follow as the platform expands.

The golf entertainment venues will strengthen the UAE’s growing gaming industry and attract more regional and international tourists to the country and help accelerate economic growth. 

The UAE gaming industry is experiencing explosive growth, with the market expected to reach $857 million by 2032 from $550 million in 2025, according to a report by MarkNet advisors. 

The project will be supported by the AKCEL Growth Fund, an institutional investment platform operating within the ecosystem of the Dubai International Financial Centre (DIFC). 

The fund has been established by AKCEL Holding and Enlightened Minds Investments to identify and scale high-growth opportunities across real estate, technology, sports and experiential infrastructure.

Through this structure, the AKCEL Growth Fund will serve as the primary investment vehicle backing the development and expansion of the XRange platform with project development led by AKCEL Realty, the real estate arm of AKCEL Holding.