Ministry of Tourism Sultanate of Oman, signed a memorandum of understanding (MoU) with Qatari Diar Real Estate Investment Company for the development of three world-class leisure destinations in the Sultanate.
The MoU, which outlines Qatari Diar’s investment in Oman’s important tourism sector, aims to create three mixed-use developments throughout the Sultanate. It also establishes a partnership of 70/30 between Qatari Diar and Omani Ministry of Tourism on the three projects respectively.
Qatari Diar has a long history of engagement with the Omani market. The company previously signed a preliminary agreement with Omani Ministry of Tourism to finance and construct a mixed-use property at Ras Al Hadd in the Sur district.
The Ras Al Hadd development, which forms part of the latest MoU, features a 5-star hotel and spa, residential villas, apartments, souks, a marina and villa plots, while the second of the three developments boasts a 5-star luxury resort hotel and spa as well as residential villas and apartments. The third project brings to life a yacht club and marina, a sports academy, and three boutique hotels.
The Sultanate of Oman is regarded as a paradise for nature lovers and offers its visitors, from around the world, a sublime combination of old world-character mixed with a progressive outlook. Throughout 2012, Muscat is the Arab Tourism Capital.
The Omani Ministry of Tourism has been playing an active role in projecting Oman as an exclusive luxury destination all-year round. Earlier last week, the state body launched a groundbreaking campaign, ‘Now’, over the summer and until the end of September to boost travel within the country.