Latest news with #ADFD
Mid East Info
8 hours ago
- Business
- Mid East Info
Abu Dhabi Fund for Development Participates in the Groundbreaking Ceremony of Oman's Integrated Tourism Complex Project
The project is part of ADFD's investment strategy to accelerate sustainable economic development Abu Dhabi, UAE – July 2025: Abu Dhabi Fund for Development (ADFD) has participated in the groundbreaking ceremony for the Integrated Tourism Complex project in Salalah, Oman, with a total investment of AED764.5 million, underscoring its ongoing commitment to enabling key development projects in the tourism sector. The project aligns with the Fund's broader strategy to foster sustainable growth in partner nations through high-impact projects that promote economic diversification and strengthen tourism infrastructure. Attending the investment's groundbreaking ceremony was attended on the Omani side by His Excellency Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism, and the Manager of Dhofar Municipality. Representing Abu Dhabi Fund for Development were Eng. Rashid Al Kaabi, Executive Director of the Investment Sector, and Eng. Mohammed Al Hamedi, Technical and Admin Support Manager. Reinforcing the project's role as one of the most significant UAE investments in Oman's tourism sector. Spanning across a total area of 2.5 million square meters in Jinawf, Oman, the development aims to significantly enhance the city's tourism infrastructure and capacity through the construction of world-class hospitality facilities. Additionally, the project promotes the national goal of economic diversification and reinforces Oman's position as a leading tourism hub regionally and globally. The first phase of the project spans approximately 604,000 square meters, including the construction of a luxury resort which comprises over 120 rooms and chalets, as well as the developments of the marina, the rehabilitation of coastal and beachfront areas, and the implementation of essential infrastructure works, including roads and public utilities. These integrated components aim to deliver a seamless visitor experience, enhancing Salalah's tourism profile and contributing significantly to the sector's sustainable development. H.E. Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, stated: 'This project is a testament to the deep-rooted strategic ties between the United Arab Emirates and the Sultanate of Oman. It reaffirms ADFD's ongoing commitment to supporting the development strategies of partner nations through investments that enable economic growth and generate a positive, sustainable impact for local communities. The project also reflects our vision of economic diversification and our proactive approach to advancing sustainable development through meaningful regional partnerships and shared prosperity.' H.E. Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism in Oman, emphasized that the project is expected to create hundreds of direct and indirect job opportunities while stimulating growth across key economic sectors. He added that it will enhance local capabilities through the integration of SMEs in key projects and offering training and capacity-building programs for Omani nationals in the fields of hospitality and tourism. The initiative aligns with Oman Vision 2040, which positions tourism as a central aspect for economic diversification, particularly in regions with abundant natural resources such as Dhofar. Aligned with ADFD's strategic investment goals, the project goes beyond enabling Oman's economic and tourism development. It also will bolster the tourism's sector's contribution to Oman's GDP, generate employment opportunities and support infrastructure development, further solidifying the country's position as a leading tourism hub in the region. This landmark initiative is a testament to decades of productive bilateral cooperation between the UAE and Oman, defined by diversified economic relations and robust strategic partnerships. Aligned with sustainable development goals and regional integration, the project aims to shape a prosperous economic future that advances the shared vision of both nations and their communities.
Dubai Eye
a day ago
- Business
- Dubai Eye
Abu Dhabi invests AED 764.5 million in Oman tourism project
An Abu Dhabi investment project worth AED 764.5 million to strengthen tourism in Oman's Salalah has broken ground, with plans to construct a luxury resort and a marina, as the latter looks to diversify its economy. Spanning an area of 2.5 million square metres in Jinawf, Oman, the development aims to significantly enhance the city's tourism infrastructure and capacity through the construction of hospitality facilities and inch closer to the country's national goal of economic diversification. The first phase of the project spans approximately 604,000 square metres, including the construction of a luxury resort which comprises over 120 rooms and chalets, as well as the developments of a marina, the rehabilitation of coastal and beachfront areas, and the implementation of essential infrastructure works - including roads and public utilities. "This project is a testament to the deep-rooted strategic ties between the UAE and Oman," said Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD). "The project also reflects our vision of economic diversification and our proactive approach to advancing sustainable development through meaningful regional partnerships and shared prosperity.' Azzan Al Busaidi, Under-Secretary of the Ministry of Heritage and Tourism for Tourism in Oman, emphasised that the project is expected to create hundreds of direct and indirect job opportunities while stimulating growth across key economic sectors. He added that it will enhance local capabilities through the integration of SMEs in key projects and offering training and capacity-building programmes for Omani nationals in the fields of hospitality and tourism. The initiative aligns with Oman Vision 2040, which positions tourism as a central aspect for economic diversification, particularly in regions with abundant natural resources such as Dhofar. Aligned with ADFD's strategic investment goals, the project goes beyond enabling Oman's economic and tourism development. It also will bolster the tourism's sector's contribution to Oman's GDP, generate employment opportunities and support infrastructure development, further solidifying the country's position as a leading tourism hub in the region.
Tourism Breaking News
a day ago
- Business
- Tourism Breaking News
Abu Dhabi Fund for Development invests AED 764.5million in Oman's integrated tourism complex project, Salalah
Post Views: 52 Abu Dhabi Fund for Development (ADFD) participated in the groundbreaking ceremony for the Integrated Tourism Complex project in Salalah, Oman, with a total investment of AED764.5 million, underscoring its ongoing commitment to enabling key development projects in the tourism sector. The project aligns with the Fund's broader strategy to foster sustainable growth in partner nations through high-impact projects that promote economic diversification and strengthen tourism infrastructure. Spanning across a total area of 2.5 million square meters in Jinawf, Oman, the development aims to significantly enhance the city's tourism infrastructure and capacity through the construction of world-class hospitality facilities. Additionally, the project promotes the national goal of economic diversification and reinforces Oman's position as a leading tourism hub regionally and globally. Attending the investment's groundbreaking ceremony ceremony was attended on the Omani side by His Excellency Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism, and the Manager of Dhofar Municipality. Representing Abu Dhabi Fund for Development were Eng. Rashid Al Kaabi, Executive Director of the Investment Sector, and Eng. Mohammed Al Hamedi, Technical and Admin Support Manager. Reinforcing the project's role as one of the most significant UAE investments in Oman's tourism sector. The first phase of the project spans approximately 604,000 square meters, including the construction of a luxury resort which comprises over 120 rooms and chalets, as well as the developments of the marina, the rehabilitation of coastal and beachfront areas, and the implementation of essential infrastructure works, including roads and public utilities. These integrated components aim to deliver a seamless visitor experience, enhancing Salalah's tourism profile and contributing significantly to the sector's sustainable development. H.E. Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, stated: 'This project is a testament to the deep-rooted strategic ties between the United Arab Emirates and the Sultanate of Oman. It reaffirms ADFD's ongoing commitment to supporting the development strategies of partner nations through investments that enable economic growth and generate a positive, sustainable impact for local communities. The project also reflects our vision of economic diversification and our proactive approach to advancing sustainable development through meaningful regional partnerships and shared prosperity.' H.E. Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism for Tourism in Oman, emphasized that the project is expected to create hundreds of direct and indirect job opportunities while stimulating growth across key economic sectors. He added that it will enhance local capabilities through the integration of SMEs in key projects and offering training and capacity-building programs for Omani nationals in the fields of hospitality and tourism. The initiative aligns with Oman Vision 2040, which positions tourism as a central aspect for economic diversification, particularly in regions with abundant natural resources such as Dhofar. Aligned with ADFD's strategic investment goals, the project goes beyond enabling Oman's economic and tourism development. It also will bolster the tourism's sector's contribution to Oman's GDP, generate employment opportunities and support infrastructure development, further solidifying the country's position as a leading tourism hub in the region. This landmark initiative is a testament to decades of productive bilateral cooperation between the UAE and Oman, defined by diversified economic relations and robust strategic partnerships. Aligned with sustainable development goals and regional integration, the project aims to shape a prosperous economic future that advances the shared vision of both nations and their communities.
UAE Moments
a day ago
- Business
- UAE Moments
Abu Dhabi to Invest AED764M in Oman's Salalah
The Abu Dhabi Fund for Development (ADFD) plans to invest AED 764.5 million (($208 million) in Salalah, Oman. The project will feature a luxury resort, a marina, and a beachfront revamp, which will help to regenerate many jobs. The development project will cover a 2.5 million square metre area in Jinawf. The first phase of the project will cover 604,000 square meters, featuring a resort with over 120 rooms and chalets. ADFD's investment will also support infrastructure development, including roads and public utilities. Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism in Oman, assured that the project will boost various important economic sectors in the Sultanate. The project is central to the Oman Vision 2040 and is expected to be a huge success because of Salalah's popularity amongst locals and tourists during the Khareef season. This article was previously published on omanmoments. To see the original article, click here
The National
2 days ago
- Business
- The National
Abu Dhabi sets out Dh764m investment plan to boost tourism in Oman's Salalah
Abu Dhabi has set out a Dh764.5 million ($208 million) investment strategy to boost tourism in Salalah, Oman, with plans for a sprawling luxury resort and a marina and beachfront revamp that will help generate hundreds of jobs. The major development – set across a 2.5 million square metre area in Jinawf – aims to bolster Oman's rising status as a tourism hub in the region and globally. Abu Dhabi Fund for Development (ADFD) took part in a ground-breaking ceremony for the Integrated Tourism complex project in Salalah on Monday, along with Omani authorities. The first phase, covering 604,000 square metres, will feature a high-end resort with more than 120 rooms and chalets, as well as the development of the marina and the regeneration of coastal and beachfront areas. The significant funding injection from ADFD will also support essential infrastructure works, including roads and public utilities. "This project is a testament to the deep-rooted strategic ties between the UAE and the Sultanate of Oman," said Mohammed Saif Al Suwaidi, director general of ADFD. "It reaffirms ADFD's ongoing commitment to supporting the development strategies of partner nations through investments that enable economic growth and generate a positive, sustainable impact for local communities. "The project also reflects our vision of economic diversification and our proactive approach to advancing sustainable development through meaningful regional partnerships and shared prosperity." Azzan Al Busaidi, Undersecretary of the Ministry of Heritage and Tourism in Oman, said the scheme was expected to create hundreds of job opportunities while stimulating growth across key economic sectors. The project is central to Oman Vision 2040, which positions tourism as a key driver of economic diversification. Salalah is already a popular tourist destination, particularly for travellers within the Gulf. Holidaymakers visit the city in large numbers during the Khareef season – typically from June to September – when monsoon rains turn the desert landscape into a vibrant sea of lush greenery, leading to cooler temperatures. Last year there were 15 million domestic tourists and four million internationally, exceeding previous record levels of 2019. The UAE, India, Germany and other western European countries were the main tourist source markets for the sultanate. The UAE and Oman last year established investment partnerships worth Dh129 billion across several sectors including renewable energy, railway, green metals and technology. The collaborations were announced following the state visit of Oman's Sultan Haitham to the UAE in April last year. The two countries will set up an industrial and energy mega project valued at Dh117 billion, with solar and wind projects, and green metal production units.
