Latest news with #OMR5
Zawya
21-04-2025
- Business
- Zawya
Oman: Al Dakhiliyah Governorate has announced six new investment opportunities under Jabal Shams Front Project
Muscat: Al Dakhiliyah Governorate has announced six new investment opportunities under the Jabal Shams Front Project in Wilayat of Al Hamra, with a total investment exceeding OMR5 million. These opportunities, available through the "Tatweer" platform, span a combined area of over 70,000 square metres. The investment offerings include tourism, agricultural, and recreational projects aimed at supporting economic diversification in the governorate and enhancing investment in the tourism and agricultural sectors. The available opportunities involve: - A full-service tourism resort (3-5 star) covering 1,400 square metres - A fixed-structure tourist camp over 20,440 square metres - An adventure centre spanning 10,012 square metres - A coffee farm extending over 15,752 square metres - A fruit farm covering 9,830 square metres - A zip-line attraction Sheikh Hilal bin Said Al Hajri, Governor of Al Dakhiliyah, stated that the "Grand Canyon" Jabal Shams Front Project was selected by the main committee for the Governorates' Competition 2024 as part of developmental proposals. The first phase of the project, which includes infrastructure works, was tendered in March. The governorate plans to launch the second phase tender later this year, covering an administrative building, a geological exhibition, and an adventure academy. Concurrently, additional investment opportunities in the second phase will include a public square, an open theatre, remote workspaces for business meetings, a health walkway for running and mountain trekking events, 18 kiosks distributed across the project site, a hanging bridge, a cliffside café, a multi-purpose hall, and an extended zip-line facility. The total investment cost for the Jabal Shams Front Project amounts to OMR11 million, covering an area of 145,000 square metres, with expected annual investment returns exceeding OMR1.26 million. Governor Al Hajri emphasised that the project's modern design integrates the region's natural topography with contemporary aesthetics. Event terraces will provide unique architectural spaces, and the main square will host cultural and recreational experiences, featuring a theatre with a 500-person capacity. The project also includes educational facilities designed to enhance visitors' athletic and intellectual skills. A long-track slide, spanning 250 metres, will be among the project's recreational activities, along with a geological exhibition highlighting Oman's diverse marine environment. The initiative aligns with Oman Vision 2040, which supports local industries, private sector development, innovation, and human capital investment. It prioritises local content through increased reliance on domestic products, support for small and medium enterprises, and partnerships between public and private sectors. Governor Al Hajri described the project as a developmental landmark situated within the stunning landscapes of Jabal Shams, creating extraordinary investment opportunities. Designed with sustainability in mind, the project ensures harmony between nature and human development, maximising available opportunities while preserving environmental integrity. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
20-04-2025
- Business
- Times of Oman
Al Dakhiliyah Governorate has announced six new investment opportunities under Jabal Shams Front Project
Muscat: Al Dakhiliyah Governorate has announced six new investment opportunities under the Jabal Shams Front Project in Wilayat of Al Hamra, with a total investment exceeding OMR5 million. These opportunities, available through the "Tatweer" platform, span a combined area of over 70,000 square metres. The investment offerings include tourism, agricultural, and recreational projects aimed at supporting economic diversification in the governorate and enhancing investment in the tourism and agricultural sectors. The available opportunities involve: - A full-service tourism resort (3-5 star) covering 1,400 square metres - A fixed-structure tourist camp over 20,440 square metres - An adventure centre spanning 10,012 square metres - A coffee farm extending over 15,752 square metres - A fruit farm covering 9,830 square metres - A zip-line attraction Sheikh Hilal bin Said Al Hajri, Governor of Al Dakhiliyah, stated that the "Grand Canyon" Jabal Shams Front Project was selected by the main committee for the Governorates' Competition 2024 as part of developmental proposals. The first phase of the project, which includes infrastructure works, was tendered in March. The governorate plans to launch the second phase tender later this year, covering an administrative building, a geological exhibition, and an adventure academy. Concurrently, additional investment opportunities in the second phase will include a public square, an open theatre, remote workspaces for business meetings, a health walkway for running and mountain trekking events, 18 kiosks distributed across the project site, a hanging bridge, a cliffside café, a multi-purpose hall, and an extended zip-line facility. The total investment cost for the Jabal Shams Front Project amounts to OMR11 million, covering an area of 145,000 square metres, with expected annual investment returns exceeding OMR1.26 million. Governor Al Hajri emphasised that the project's modern design integrates the region's natural topography with contemporary aesthetics. Event terraces will provide unique architectural spaces, and the main square will host cultural and recreational experiences, featuring a theatre with a 500-person capacity. The project also includes educational facilities designed to enhance visitors' athletic and intellectual skills. A long-track slide, spanning 250 metres, will be among the project's recreational activities, along with a geological exhibition highlighting Oman's diverse marine environment. The initiative aligns with Oman Vision 2040, which supports local industries, private sector development, innovation, and human capital investment. It prioritises local content through increased reliance on domestic products, support for small and medium enterprises, and partnerships between public and private sectors. Governor Al Hajri described the project as a developmental landmark situated within the stunning landscapes of Jabal Shams, creating extraordinary investment opportunities. Designed with sustainability in mind, the project ensures harmony between nature and human development, maximising available opportunities while preserving environmental integrity.
Times of Oman
19-04-2025
- Business
- Times of Oman
Al Dakhiliyah Governorate has announces six new investment opportunities under Jabal Shams Front Project
Muscat: Al Dakhiliyah Governorate has announced six new investment opportunities under the Jabal Shams Front Project in Wilayat of Al Hamra, with a total investment exceeding OMR5 million. These opportunities, available through the "Tatweer" platform, span a combined area of over 70,000 square metres. The investment offerings include tourism, agricultural, and recreational projects aimed at supporting economic diversification in the governorate and enhancing investment in the tourism and agricultural sectors. The available opportunities involve: - A full-service tourism resort (3-5 star) covering 1,400 square metres - A fixed-structure tourist camp over 20,440 square metres - An adventure centre spanning 10,012 square metres - A coffee farm extending over 15,752 square metres - A fruit farm covering 9,830 square metres - A zip-line attraction Sheikh Hilal bin Said Al Hajri, Governor of Al Dakhiliyah, stated that the "Grand Canyon" Jabal Shams Front Project was selected by the main committee for the Governorates' Competition 2024 as part of developmental proposals. The first phase of the project, which includes infrastructure works, was tendered in March. The governorate plans to launch the second phase tender later this year, covering an administrative building, a geological exhibition, and an adventure academy. Concurrently, additional investment opportunities in the second phase will include a public square, an open theatre, remote workspaces for business meetings, a health walkway for running and mountain trekking events, 18 kiosks distributed across the project site, a hanging bridge, a cliffside café, a multi-purpose hall, and an extended zip-line facility. The total investment cost for the Jabal Shams Front Project amounts to OMR11 million, covering an area of 145,000 square metres, with expected annual investment returns exceeding OMR1.26 million. Governor Al Hajri emphasised that the project's modern design integrates the region's natural topography with contemporary aesthetics. Event terraces will provide unique architectural spaces, and the main square will host cultural and recreational experiences, featuring a theatre with a 500-person capacity. The project also includes educational facilities designed to enhance visitors' athletic and intellectual skills. A long-track slide, spanning 250 metres, will be among the project's recreational activities, along with a geological exhibition highlighting Oman's diverse marine environment. The initiative aligns with Oman Vision 2040, which supports local industries, private sector development, innovation, and human capital investment. It prioritises local content through increased reliance on domestic products, support for small and medium enterprises, and partnerships between public and private sectors. Governor Al Hajri described the project as a developmental landmark situated within the stunning landscapes of Jabal Shams, creating extraordinary investment opportunities. Designed with sustainability in mind, the project ensures harmony between nature and human development, maximising available opportunities while preserving environmental integrity.
Gulf Insider
05-04-2025
- Gulf Insider
Oman: Man Sentenced For 5 Years In Prison For Kidnapping A Child
A man who abducted a child from the street near his home has been given five years in jail. The Seeb Criminal Court of First Instance has recently handed down the sentence to the Omani man after he was found guilty of kidnap, indecently assaulting the Omani child and infringing on his privacy. The court also ordered him to pay a fine OMR5,000 for the victim's family and to pay the legal fees as well. The incident took place in the wilayat of Seeb last year. Official court documents stated that the child, who is 10-year old, was playing with his siblings outside their house when the incident took place. The defendant, who was under the influence of alcohol, stopped at him, spoke with the boy and lured him to his car and then sped away. Then he drove the victim to a remote area of attempting to sexually assault him. Luckily, the child escaped by jumping out of the defendant's moving car and made it to his family house. The intoxicated assailant convinced the child to sit on his lap to show him how to drive his vehicle and forced him to play with his private parts. Article 257 of the Penal Code (2018) provides, whoever engages in sexual intercourse, without consent, with a male or female, shall be punished by imprisonment for a period no less than ten years and not exceeding fifteen years. Article 258 of the Penal Code also stipulates, whoever sexually assaults, without consent, a male or female shall be punished by imprisonment for a period no less than a year and not exceeding three years. If the offender is a guardian of the victim, or 'Mahram', the punishment shall be no less than seven years and not exceeding ten years. In 2018, Oman launched a 24/7 child protection hotline (1100), which aims to combat any abuse against children in the country. Additionally, child committees have been formed in all governorates, aiming to protect children from violence, exploitation and abuse. The committees also follow up on those children who are exposed to abuses and voilance by providing the physical and social rehabilitation for them.
Times of Oman
13-02-2025
- Business
- Times of Oman
Agreements inked to finance development projects in Musandam
Khasab: Sayyid Ibrahim Said Al Busaidi, Governor of Musandam, sponsored the signing ceremony of two agreements and two memorandums of cooperation by the Development Bank. These agreements focus on developmental financing for projects in the fisheries and tourism sectors, as well as the launch of the Economic and Green Horticulture Initiative to support entrepreneurship in various economic activities and finance hospitality establishments. This initiative aligns with the bank's efforts to enhance economic development in the governorate and encourage companies to invest in productive and service sectors. The Development Bank signed an initial agreement with an aquaculture company to finance a project worth OMR4 million for the establishment of a marine aquaculture farm in Khasab's seaport. The farm will have an annual production capacity of 7,000 metric tonnes of fish. The agreement was signed by Hussain Ali Al Lawati, CEO of the Development Bank, and Raed Mohammed Al Shehhi, Chairman of the company. The project aims to meet local market demand, export to international markets, contribute to food security, and align with Oman Vision 2040 by promoting economic diversification and sustainable development. The Bank also signed an agreement with Ras Al Amoud Company to finance the construction of a luxury tourist resort in Khasab, featuring 32 private villas built to seven-star standards and a wellness club, at a cost of OMR5 million. The agreement was signed by Hussain Ali Al Lawati on behalf of the bank and by Saleh Abdullah Al Dhahouri on behalf of the company. This project is part of the bank's role in boosting the tourism sector in Musandam. Additionally, the Development Bank signed a memorandum of cooperation with the Office of the Governor of Musandam, Omran Group, and Oman Tourism College to establish green lodges. The bank will finance these eco-lodges within existing farms in Musandam to enhance hospitality infrastructure in the governorate. The memorandum was signed by Sayyid Ibrahim Said Al Busaidi, while on behalf of the bank, it was signed by Mahmood Abdullah Al Aweini, Secretary General of the Ministry of Finance and Chairman of the Development Bank's Board of Directors. Another memorandum of cooperation was signed between the Development Bank, Oman Chamber of Commerce and Industry's Musandam branch, and a local company to implement the Economic Horticulture Initiative. This initiative aims to stimulate local economic growth by supporting and developing medium-sized enterprises, enabling them to expand and contribute to the national economy. It also seeks to enhance economic activities in the governorate, increase economic diversification, create job opportunities, improve entrepreneurial skills, and ensure the sustainability of projects. The initiative will cover activities in tourism, fisheries, agriculture, manufacturing industries, and the logistics sector. On this occasion, the Governor of Musandam commended the Development Bank's efforts in financing development projects across the Sultanate of Oman, particularly in Musandam, in support of economic diversification policies aligned with Oman Vision 2040. He emphasised the importance of encouraging investment in key economic sectors to enrich local content, particularly in achieving self-sufficiency and localizing national industries. He also appreciated the Development Bank's initiatives in launching special financing programs in Musandam aimed at enhancing entrepreneurship and self-employment. On his turn, the Secretary General of the Ministry of Finance and Chairman of the Development Bank, expressed appreciation for the Office of the Governor of Musandam's commitment to the governorate's development. He highlighted the focus on developmental financing and the creation of specialized programs to fund various economic sectors. He reaffirmed the bank's support for the governorate's initiatives, stating that the bank is committed to financing economic projects and adopting programs that enhance local added value and contribute to economic prosperity. The event also marked the launch of a luxury yacht tourism project, financed by the Development Bank. The yacht is designed as a floating hotel offering a full hospitality experience, featuring 14 fully equipped hotel rooms, including 8 rooms with balconies and 6 interior rooms. This is the first of its kind in Khasab's Khor Sham area, a popular tourist destination known for camping, sightseeing, and dolphin watching. The floating hotel will also provide marine and recreational activities such as kayaking, jet skiing, and diving, in addition to round-the-clock hospitality services and a multi-purpose hall. The project is owned by Abdul Fattah bin Ahmed Al-Shehhi, who operates a tourism company with a fleet of seven vessels.
