Latest news with #OMRANGroup
Observer
5 days ago
- Business
- Observer
OMRAN Group achieves robust 2024 results, reinforcing its role in tourism development
Muscat: The Oman Tourism Development Company (OMRAN Group) has announced strong financial and operational results, underscoring the Group's sustained efforts and corporate excellence in advancing tourism development and supporting sustainable economic growth in the Sultanate of Oman, in close collaboration with key stakeholders. In 2024, the Group recorded a net profit of RO 25.2 million and total revenues exceeding RO 58.3 million, reflecting operational efficiency and the high standards of excellence embraced across its business operations. These achievements were presented during the Group's recent Board of Directors meeting, where the Board reaffirmed its continued commitment to reinforcing the Group's role in advancing economic diversification and amplifying its impact as a key catalyst for tourism development and investment in the Sultanate. Demonstrating its ability to attract high-quality investments, OMRAN Group secured over RO 156 million in Foreign Direct Investment (FDI) during 2024. This achievement aligns with Oman Vision 2040 and the national efforts to boost FDI inflows and enhance the contribution of various economic sectors to the GDP. In the hospitality sector, the Group continued to demonstrate operational excellence, welcoming 820,365 guests across its hotel portfolio in 2024 — a 6% increase compared to the previous year. The portfolio achieved an average occupancy rate of 45%, marking a 2.6% increase year-on-year. A major milestone was achieved with the official opening of JW Marriott Muscat, further enriching the luxury hospitality landscape in the Sultanate of Oman. As part of its efforts to position Oman as a premier luxury tourism destination on the global map and to attract the world's leading hospitality brands, OMRAN Group announced several strategic projects, most notably the Middle East's first Club Med Resort that will be developed in Musandam, and the signing of a strategic partnership with Santani Wellness Resorts to introduce wellness tourism in Al Dakhiliyah Governorate. Reinforcing its commitment to sustainability and local value creation, the Group achieved a 40% In-Country Value Index in 2024, with total spending exceeding RO 19 million in support of SMEs, which accounted for 34.7% of overall procurement spending. Furthermore, the Group created 370 new job opportunities for local talents, achieving an Omanisation rate of 94% within Oman Tourism Development Company SAOC and 53% across the Group, highlighting its dedication to empowering national talent and supporting the local economy. In line with its vision to enhance corporate governance practices, OMRAN Group launched its Environmental, Social, and Governance (ESG) Framework during the year, reinforcing its commitment to global sustainability standards, transparency, and excellence across all its operations and projects. The positive results achieved by OMRAN Group in 2024 reaffirm its leading role as a catalyst for tourism development in the Sultanate of Oman. Through pioneering projects, strategic partnerships, and innovative initiatives, the Group continues to strengthen its position and contribute to Oman's journey towards a diversified and sustainable economy.
Times of Oman
25-05-2025
- Business
- Times of Oman
Zip line, climbing trails coming to Wadi Al Shab in tourism drive
Muscat: Wadi Al Shab, one of Oman's most scenic escapes is set for a transformative tourism boost with the launch of a major adventure park, featuring a zip line, mountain climbing trails, suspension bridges, walking trails, swimming zones, and a variety of restaurants and cafés. The project was announced as part of a set of three usufruct contracts worth more than OMR56 million, signed on Sunday by Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism, aimed at bolstering the Sultanate's tourism infrastructure. The Wadi Al Shab development, which will be undertaken by OMRAN Group, is designed to turn the breathtaking valley in the Wilayat of Sur into a year-round adventure and eco-tourism destination. The contract was signed by Hashil Obaid Al Mahrouqi, CEO of OMRAN Group. Wadi Al Shab stands out for its exceptional biodiversity, geological wonders, and flowing waters. With this project, OMRAN Group aims to elevate it into a leading destination that blends nature, recreation, and sustainability. The new adventure park is expected to appeal to both domestic and international visitors, offering activities for thrill-seekers and families alike. From adrenaline-pumping zip lines and rugged climbing trails to serene walking paths and natural swimming spots for children and adults, the development promises an immersive outdoor experience. Complementing the adventure offerings will be a range of cafés and restaurants designed to enhance visitor comfort and extend their stay. Wadi Al Shab has long been celebrated for its turquoise pools, hidden caves, and dramatic cliffs. The new project is expected to preserve these natural features while adding structured access and facilities that encourage sustainable exploration. In addition to Wadi Al Shab, two more deals were inked for integrated tourism complexes on Sunday. Sandan – Khasab Pearl, in the Wilayat of Khasab, will be developed by the Khasab Development and Investment Company over 43,658 square metres. It includes a 200-room 4-star hotel, 450 residential units available for Omani and foreign ownership, a heritage market, and multiple entertainment and dining options. The contract was signed by Hilal Nasser Al Harthy, Managing Director of Khasab Development and Investment Company. Hamyan Village, in Halban, Wilayat of Nakhl, will span over 201,000 square metres and feature a 156-room 4-star hotel, 535 residential units including apartments and villas, a market, restaurants, a water park, and supporting facilities. The contract was signed by Saud Hamad Al Ta'ei, Managing Director of Hamyan Investment and Project Development Company. The contracts mark a major step in Oman's ongoing efforts to diversify its economy through tourism, aligning with Oman Vision 2040. The Ministry confirmed that all three projects are being designed with a focus on sustainability, cultural preservation, and local job creation. -ONA
Times of Oman
25-05-2025
- Business
- Times of Oman
Contracts signed to implement tourism projects worth more than OMR56 million
Muscat: The Ministry of Heritage and Tourism on Sunday signed three usufruct contracts, worth more than OMR56 million, to establish two integrated tourism complexes in the Wilayats of Khasab (Sandan – Khasab Pearl) and Nakhl (Hamyan Village), and to develop Wadi Al Shab valley in the Wilayat of Sur. The contracts were signed by Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism. The first contract, signed by Hashil Obaid Al Mahrouqi, CEO of OMRAN Group, deals with the development of Wadi Al Shab in the Wilayat of Sur, South Al Sharqiyah Governorate. It aims to develop the valley as a tourism destination that attracts visitors throughout the year, from Oman and abroad, offering them exciting experience that combines adventure and recreation. The project also seeks to promote environmental sustainability. As per the contract, OMRAN Group will establish an adventure park that includes a zip line, mountain climbing trails, suspension bridges, walking trails, swimming areas for children and adults, restaurants and cafés. Wadi Al Shab, which stands out as landmark rich in biodiversity and geological formations, boasts impressive resources of clear water, caves and waterfalls. The second usufruct contract was signed with Khasab Development and Investment Company to establish an integrated tourism complex project (Sandan – Khasab Pearl) on a government tourism land area of 43,658 square metres. The contract was signed by Hilal Nasser Al Harthy, Managing Director of Khasab Development and Investment Company. The project includes a 4-star hotel that comprises 200 rooms, in addition to 450 residential units that can be owned by Omanis and from people from other countries. The project also includes a heritage-themed market, various shops and restaurants, entertainment and service facilities. The third usufruct contract was with Hamyan Investment and Project Development Company to establish an integrated tourism complex (Hamyan Village) in Halban area in the Wilayat of Nakhl in the South Al Batinah Governorate. The project will come up on a government land area of 201,031 square metres. The contract was signed by Saud Hamad Al Ta'ei, Managing Director of Hamyan Investment and Project Development Company. The project includes the setting up of a 4-star hotel with 156 rooms, in addition to 535 residential units, including apartments and villas that will be available for ownership by Omanis and people from other countries. The project will also include a market, restaurants, a water park and other recreational and service facilities.
Zawya
23-05-2025
- Business
- Zawya
Oman: Omran and Al Dhahirah sign MoU to develop Ibri View project
MUSCAT: Oman Tourism Development Company (OMRAN Group) has signed a Memorandum of Understanding (MoU) with Al Dhahirah Governorate to develop the highly anticipated 'Ibri View' project. The agreement, which aligns with the goals of Oman Vision 2040, marks a new milestone in the country's commitment to creating vibrant tourism destinations across the Sultanate. The signing of the MoU reflects a strategic partnership aimed at transforming the Ibri View concept into a fully realised tourism and lifestyle destination. By collaborating with local authorities, OMRAN Group aims to tap into the region's natural and economic potential while fostering community engagement, sustainable practices, and long-term investment opportunities. The Ibri View project, also known as 'Etalat Ibri', first gained national attention last year when it was named the best proposed development in a competition organised by the Ministry of Housing and Urban Planning. Located in the Al Salif area of wilayat Ibri, the project was hailed for its vision and alignment with sustainable development principles, reflecting Oman's commitment to uplifting living standards across its governorates. Commenting on the project's recognition, Najeeb bin Ali Rawas, Governor of Dhahirah, stated that the award reflects the Governorate's ambition to fulfill the sustainable development objectives outlined in Oman Vision 2040. 'The project is poised to deliver significant social and economic benefits to the local community, including job creation, economic stimulation, infrastructure enhancement, and community integration,' he said. Spread across 2 million square metres, the Ibri View project is planned with a total investment of RO183 million. The Ministry of Finance has earmarked RO10 million for the first phase, a strong indicator of the government's support for advancing infrastructure and stimulating regional growth. The development will feature a blend of residential, commercial, and leisure facilities including three hotels, a shopping centre, residential areas, green spaces, a youth centre, and other recreational amenities. Environmental sustainability is at the core of the project's design, with elements such as renewable energy solutions, green construction practices, smart infrastructure, and sustainable transport systems integrated from the outset. Rawas also highlighted the project's role in enhancing Ibri's identity as a prominent commercial and entertainment hub in the region. 'The first phase, expected to be completed within two years, is designed to create an inclusive space for social interaction and economic activity while preserving local heritage and environmental integrity.' In addition to transforming the physical landscape, Ibri View is expected to generate both direct and indirect employment across various sectors, including construction, retail, hospitality, maintenance, and services. The project will also serve as a platform for small and medium enterprise (SME) development, further embedding sustainability into the local economy. With the signing of the MoU, OMRAN Group and Al Dhahirah Governorate have taken a significant step toward turning a visionary plan into a catalyst for regional growth—one that positions Ibri as a model for future development across the Sultanate. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
22-05-2025
- Business
- Observer
Omran and Al Dhahirah sign MoU to develop Ibri View project
MUSCAT, MAY 22 Oman Tourism Development Company (OMRAN Group) has signed a Memorandum of Understanding (MoU) with Al Dhahirah Governorate to develop the highly anticipated 'Ibri View' project. The agreement, which aligns with the goals of Oman Vision 2040, marks a new milestone in the country's commitment to creating vibrant tourism destinations across the Sultanate. The signing of the MoU reflects a strategic partnership aimed at transforming the Ibri View concept into a fully realised tourism and lifestyle destination. By collaborating with local authorities, OMRAN Group aims to tap into the region's natural and economic potential while fostering community engagement, sustainable practices, and long-term investment opportunities. The Ibri View project, also known as 'Etalat Ibri', first gained national attention last year when it was named the best proposed development in a competition organised by the Ministry of Housing and Urban Planning. Located in the Al Salif area of wilayat Ibri, the project was hailed for its vision and alignment with sustainable development principles, reflecting Oman's commitment to uplifting living standards across its governorates. Commenting on the project's recognition, Najeeb bin Ali Rawas, Governor of Dhahirah, stated that the award reflects the Governorate's ambition to fulfill the sustainable development objectives outlined in Oman Vision 2040. 'The project is poised to deliver significant social and economic benefits to the local community, including job creation, economic stimulation, infrastructure enhancement, and community integration,' he said. Spread across 2 million square metres, the Ibri View project is planned with a total investment of RO183 million. The Ministry of Finance has earmarked RO10 million for the first phase, a strong indicator of the government's support for advancing infrastructure and stimulating regional growth. The development will feature a blend of residential, commercial, and leisure facilities including three hotels, a shopping centre, residential areas, green spaces, a youth centre, and other recreational amenities. Environmental sustainability is at the core of the project's design, with elements such as renewable energy solutions, green construction practices, smart infrastructure, and sustainable transport systems integrated from the outset. Rawas also highlighted the project's role in enhancing Ibri's identity as a prominent commercial and entertainment hub in the region. 'The first phase, expected to be completed within two years, is designed to create an inclusive space for social interaction and economic activity while preserving local heritage and environmental integrity.' In addition to transforming the physical landscape, Ibri View is expected to generate both direct and indirect employment across various sectors, including construction, retail, hospitality, maintenance, and services. The project will also serve as a platform for small and medium enterprise (SME) development, further embedding sustainability into the local economy. With the signing of the MoU, OMRAN Group and Al Dhahirah Governorate have taken a significant step toward turning a visionary plan into a catalyst for regional growth—one that positions Ibri as a model for future development across the Sultanate.
