Oman: Foundation stone laid for $207mln tourism complex in Salalah
The project is considered a landmark tourism venture due to its prime location and comprehensive facilities in tourism and hospitality. It is being implemented in partnership with Al-Wathba Hospitality Company under a usufruct agreement signed in February 2025.
The first phase of the project, scheduled for completion within 30 months, includes the construction of a five-star hotel with 124 guest units, a fully equipped marina with restaurants and cafes, a beach club, a health club, and a main entrance gate for the complex.
Azzan Qasim Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism, emphasised the project's importance in supporting small and medium enterprises, generating direct and indirect job opportunities, enhancing local content, and providing training and qualification programs for Omani citizens in tourism and hospitality.
He added that the project represents a qualitative addition to efforts aimed at developing tourist destinations in the Sultanate of Oman, particularly in Dhofar, which boasts rich natural and environmental diversity. He noted that such projects reflect the government's commitment to economic diversification through investment in the tourism sector.
On his turn, Khalid Abdullah Al Abri, Director General of Heritage and Tourism in Dhofar Governorate, stated in his speech that the new tourism project is among the most prominent in the governorate in terms of investment volume and diversity of components. He explained that the first phase will include a five-star hotel and a yacht marina, one of the largest in Oman, along with a fully integrated beachfront, contributing to the enhancement of the governorate's tourism infrastructure.
He highlighted the efforts made by the Ministry of Heritage and Tourism in recent years to promote Dhofar as a tourist destination by opening new tourism markets and direct flight routes, which contributed to a 9% increase in visitor numbers during the 2024 Khareef (monsoon) season and an 18% rise in the winter season compared to the previous year.
The ceremony featured a promotional video showcasing Dhofar Governorate and another presenting the project's components, followed by the laying of the foundation stone by the Undersecretary of the Ministry of Heritage and Tourism for Tourism.
It is worth noting that the project represents a significant addition to Oman's tourism sector, offering integrated facilities, promising investment opportunities, and strengthening public-private partnerships, all of which contribute to boosting tourism activity in Dhofar Governorate.
© Muscat Media Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
10 minutes ago
- Zawya
Dubai's Amanat signs SPA sell real estate assets for $123mln
Dubai DFM-listed Amanat Holding has entered into an SPA (sale and purchase agreement) for the sale of the real estate assets of North London Collegiate School to a buyer for 453 million dirhams ($123.3 million). The sale and transfer of the property is expected to be completed in Q3 2025. Click here to download infographic Amanat invests in and operates education and healthcare assets in the UAE, including International Medical Center, Sukoon, Abu Dhabi University Holding Company and Middlesex University Dubai. (Writing by Brinda Darasha; editing by Mily Chakrabarty)
Gulf Business
an hour ago
- Gulf Business
Dubai property boom: Over 4,000+ new real estate activities recorded in H1
Image credit: WAM/Website Dubai's real estate sector registered 4,049 new licensed activities in the first half of 2025, underscoring the emirate's growing prominence as a global investment destination. The uptick reflects strong investor confidence, an increasingly diversified service landscape, and the emirate's commitment to transparency and innovation in property markets. Read- According to the Dubai Land Department (DLD), the robust growth is largely attributed to the emirate's advanced regulatory framework and digital transformation, particularly the Trakheesi System, the official platform for registering and managing real estate activities. Trakheesi System powers market expansion The Trakheesi System has become the backbone of Dubai's real estate licensing process. It streamlines the registration of a wide range of sector-specific services and ensures compliance with market standards. Activities requiring Trakheesi registration include real estate brokerage for buying and selling, leasing brokerage, property management supervision, land and real estate trading, property valuation, jointly owned property management, real estate consultancy, mortgage brokerage, and mortgage advisory services, Additionally, pre-approval through the system is required for certain other services such as real estate development, leasing and management of private and third-party properties, as well as the work of real estate service trustees and promotion trustees. The integration of this system within a broader digital ecosystem has dramatically improved service delivery, enabling investors and professionals to issue and renew licenses more efficiently. This move is part of a larger effort by the DLD to create a business-friendly, flexible, and secure regulatory environment. Brokerage services lead the charge Of the 4,049 new activities recorded, real estate brokerage for property sales topped the list with 2,301 entries, highlighting a thriving demand for sales and investment services. Leasing brokerage services followed with 1,279 activities, reflecting Dubai's vibrant rental market and expanding broker network. Other activity breakdowns include: Land and property trading: 273 Property management supervision: 43 Mortgage brokerage: 43 Real estate consultancy: 40 Leasing/property management for private properties: 24 Leasing/property management for third parties: 9 Property valuation services: 14 Jointly owned property management: 9 Real estate development: 11 Mortgage advisory services: 3 These figures highlight the depth and breadth of the real estate ecosystem in Dubai, from investment advisory to full-scale property management and development. The overall efficiency and transparency of these processes are in direct alignment with the Dubai Real Estate Strategy 2033, which aims to strengthen the city's position as a world-class real estate hub. The strategy prioritises innovation, sustainability, and investor trust to support economic diversification and long-term growth. As the emirate continues to attract global investors and residents alike, Dubai's real estate sector is poised for sustained momentum through the remainder of the year and beyond.
Zawya
3 hours ago
- Zawya
Kuwait signs contracts for $3.27bln power plant project
KUWAIT: The Kuwait Authority for Partnership Projects (KAPP) signed contracts on Sunday with Saudi's ACWA Power and the Gulf Investment Corporation for phases two and three of the Al-Zour North power plant. The value of these phases of the power plant exceeds 1 billion Kuwaiti dinars ($3.27 billion), the Kuwaiti authority's director general told Reuters. Asmaa Al-Mousa said that the investors, not the government, will bear the cost. The signing ceremony on Sunday sets in motion one of the country's biggest electricity projects as it seeks to address severe electricity shortages. Once completed, the Al-Zour North project will produce 2.7 gigawatts (GW) of power and 120 million gallons of water daily using combined-cycle technology, with construction set to take three years. Kuwait expects a significant improvement in electricity services once several major projects come online, including a large-scale venture with China, Adel Al-Zamel, the undersecretary of the Ministry of Electricity, Water and Renewable Energy said during the signing event. Since last year, the government has resorted to planned power cuts in some areas to reduce the load. "If (the projects) go according to plan, by 2028 our situation will be much better," Al-Zamel told reporters. Kuwait hopes to sign an implementation agreement with China in the first quarter of 2026 for phases three and four of the Shagaya renewable energy project, with a combined capacity of 3.2 gigawatts (GW), Al-Zamel said. ($1 = 0.3054 Kuwaiti dinars) (Reporting by Ahmed Hagagy Writing by Jaidaa Taha and Menna Alaa El-Din Editing by David Goodman, Elaine Hardcastle)
