Latest news with #OmanTourism
Times of Oman
7 days ago
- Business
- Times of Oman
Omran Group reports strong financials with OMR25mn net profit in 2024
Muscat: Oman Tourism Development Company (Omran Group) announced robust financial and operational results for 2024, reaffirming its central role in advancing tourism development and sustainable economic growth in the Sultanate of Oman. The Group achieved a net profit of OMR25.2 million with revenues surpassing OMR58.3 million, reflecting its operational efficiency and institutional excellence. During its recent meeting, Omran Group's Board of Directors reviewed these accomplishments and discussed ongoing financial and operational developments. The Board emphasised the Group's continued commitment to supporting economic diversification efforts and enhancing quality tourism investments across Oman. The financial results demonstrate Omran Group's success in attracting strategic investments, including foreign direct investment exceeding OMR156 million in 2024. This achievement aligns with Oman Vision 2040's objectives to increase foreign investment inflows and expand various economic sectors' contributions to GDP. In the hospitality sector, Omran Group strengthened its operational performance by welcoming 820,365 guests across its hotel properties in 2024, representing 6% growth compared to the previous year. The Group achieved an average occupancy rate of 45%, marking a 2.6% year-on-year increase. The year also saw the official opening of JW Marriott Hotel Muscat, which has become a distinguished addition to Oman's luxury hospitality landscape. As part of its strategy to position Oman as a premier global tourism destination and attract world-class hospitality brands, Omran Group announced several landmark projects. These include a partnership to develop the Middle East's first Club Med resort and a strategic collaboration with Santani Wellness Resorts to enhance medical tourism in Al Dakhiliyah Governorate. Demonstrating its commitment to sustainability and local value creation, Omran Group achieved a 40% local value-added index. The Group allocated over OMR19 million to support small and medium enterprises, which accounted for 34.7% of total expenditure. Omran Group's nationalisation efforts resulted in 370 new job opportunities for Omani talent, with Omanisation rates reaching 94% in the parent company and 53% across subsidiaries. The Group further strengthened its corporate governance practices by launching its Environmental, Social, and Governance (ESG) Framework in 2024. This initiative institutionalizes sustainability principles and enhances transparency while adhering to global best practices across all operations and projects. These positive results underscore Omran Group's continued leadership as the primary driver of tourism sector development in Oman, achieved through close collaboration with relevant authorities including the Ministry of Heritage and Tourism.
Zawya
27-05-2025
- Business
- Zawya
Muriya showcases outstanding destinations at OREX 2025
Muscat, Oman – Muriya, the developer behind award winning destinations—Hawana Salalah and Jebel Sifah—made a strong statement at the OREX Design & Build Oman Exhibition 2025, presenting its flagship developments as shining examples of serene living, coastal elegance, and high-value investment in the Sultanate. Hawana Salalah and Jebel Sifah, by Orascom Development and Omran, are fully integrated towns that feature harmonious waterfront living fully connected with nature. Hawana Salalah features a 13.6 km coastline of white sandy beaches with lush greenery, 5-star resorts, vibrant year-round marina, Water park and culinary F&B dining experiences overlooking the magnificent ocean views, whereas Jebel Sifah 40 min away from Muscat is 7km of pristine beaches, 9-hole golf course, stunning coastline featuring the Hajar mountains backdrop. The destinations have become the top of mind mixed-use residential, entertainment and hospitality landmarks and are year-round event hubs, hosting internationally renowned tournaments such as IRONMAN 70.3 Salalah, the SOCCA World Cup, and the International Fishing competition. 'OREX provides the ideal platform to demonstrate how Muriya is elevating Oman's profile on the global tourism and investment map,' said engineer Wael Al Lawati, CEO of Muriya. 'Hawana Salalah and Jebel Sifah are more than residential projects, they are immersive lifestyle destinations that embody Oman's breathtaking nature and authentic charm, while offering unique experiences that resonate with today's discerning residents, travelers, and investors'. The diversity of properties at the destinations ranges from hotel branded residences to standalone neighborhoods with Townhouses, Villas and apartments, all meticulously serviced by Wateera (Muriya's property management and Rental services division) ensuring seamless rental and hospitality management for homeowners around the world. With over 1,200 luxury hotel rooms, thousands of delivered waterfront homes, and a pipeline of ongoing developments such as Amazi in Hawana Salalah and Al Raya in Sifah, Muriya continues to redefine tourism-led real estate in Oman. Its integrated townships blend leisure, wellness, community living, and sustainable design—making them attractive for both investors and international residents seeking long-term value. As Oman accelerates its transformation under Vision 2040, Muriya remains at the forefront—building destinations that inspire the local, regional and international communities. About Orascom Development Holding: Orascom Development Holding is a leading international developer specializing in vibrant, integrated communities in Europe, the Middle East, and North Africa. For more than 35 years, Orascom Development has been a pioneer in creating destinations where people are inspired to live, work, and play with passion and purpose. From El Gouna's stunning Egyptian coastal town by the Red Sea to Andermatt Swiss Alps' breath-taking, yearround mountain destination, each master-planned community is a testament to Orascom Development's commitment to place-making at its finest. The integrated towns harmoniously combine residential areas with private villas and apartments, hotels, and award-winning leisure and commercial amenities – including golf courses, marinas, sports facilities, retail shops and restaurants. Orascom Development owns a land bank of more than 100 million square meters with approximately 40% under development or developed into thriving communities in Egypt (El Gouna, Makadi Heights, O West, Taba Heights, and Byoum), in the GCC (The Cove in the UAE and Jebel Sifah and Hawana Salalah in Oman), and in Europe (Andermatt Swiss Alps in Switzerland, Luštica Bay in Montenegro and West Carclaze Garden Village in the UK). Orascom Development's hospitality portfolio includes 33 premium and luxury hotels with more than 7,000 rooms across Europe, the Middle East, and North Africa. ODH shares are listed on the SIX Swiss Exchange. For more information, please visit About OMRAN Group The executive arm of the Sultanate of Oman for tourism development, is responsible for driving the growth of the nation's tourism sector. Established in 2005, OMRAN is committed to creating world-class tourism assets, lifestyle communities, and destinations that reflect the Sultanate's rich cultural heritage and natural beauty. The company plays a key role in realizing Oman's 2040 Tourism Strategy by fostering sustainable tourism development that supports economic diversification and creates job opportunities for locals. OMRAN's diverse portfolio includes the development of hotels, resorts, mixed-use communities, and tourism infrastructure projects across Oman, working in collaboration with both public and private sector partners.
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. (
Times of Oman
21-05-2025
- Times of Oman
Oman's cultural, heritage, and tourism diversity showcased at Expo Osaka 2025
Osaka: The Ministry of Heritage and Tourism on Wednesday organised a specialized event highlighting Oman's diverse cultural, heritage, and tourism offerings as part of the accompanying activities for the Sultanate of Oman's participation in Expo Osaka 2025 in Japan. The event was held in collaboration with the Ministry of Culture, Sports, and Youth, along with the General Commission of Oman Pavilion at Expo Osaka 2025. The one-day event took place at the "Festival Plaza Station" hall in Expo Osaka 2025 and featured a variety of specialised displays, activities, and corners showcasing Oman's rich cultural, heritage, and tourism diversity. The initiative aimed to introduce, promote, and spotlight Oman's unique attractions.
Zawya
19-05-2025
- Business
- Zawya
Oman sees an increase in hotel revenues, occupancy
Muscat - Revenues from 3-5-star hotels in the Sultanate of Oman increased by 10.6 percent to RO79.43 million by the end of March 2025, compared to RO71.80 million by the end of March 2024. Statistics issued by the National Centre for Statistics and Information (NCSI) showed that this increase is attributed to a 2.3 percent increase in the total number of hotel guests to 610,176 guests by the end of March 2024, compared to 596,366 guests by the end of March 2024. Concerning the occupancy rate, it increased from 54.9 percent by the end of March 2024 to 59.5 percent by the end of the same month in 2025, registering an increase of 8.3 percentage points. The number of guests from the Americas reached 21,781, an increase of 11.6 percent, while the number of guests from Africa reached 4,633, a 70.7 percent increase. The number of Asian guests increased by 10.1 percent to 87,210, and the number of guests from Oceania rose by 13,098, a 50.9 percent increase. Statistics indicated a 9.1 percent decrease in the number of Omani guests, reaching 171,809 by the end of March 2025, while the number of guests from Gulf Cooperation Council (GCC) countries increased by 18.2 percent to 37,646. The number of guests of other Arab nationalities also declined by 7.7 percent, reaching 22,533. Meanwhile, the number of European guests increased by 7.5 percent, reaching 232,986. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
