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Oman to build new beachfront city complex

MUSCAT, November 21, 2016

The Oman government has signed an agreement with Muriya, a key developer of sustainable towns in the sultanate, to build a vibrant beachfront commercial city complex in the North Al Hail region, said a report.

The 47,999-sq-m City Walk is part of the continued collaboration between the Ministry and Muriya to bring long-term value to Oman’s tourism, retail and real estate sectors, reported the Oman Tribune.

Muriya, a majority-owned company by Orascom Development Holding, said the project will comprise a 355-m waterfront, a retail area with shops and restaurants as well as an upscale five-star hotel.

It will also feature a commercial area with offices and a dedicated cinema complex, stated Ahmed bin Nasser Al Mehrzi, Minister of Tourism, after signing the agreement with Samih Sawaris, the chairman of Orascom Development Holding.

The minister said the development joins a long list of projects launched by the ministry and its partners to leverage Oman’s position as a year-round tourism destination.

"Inspired by its 2040 tourism strategy, the ministry is currently spearheading the establishment of world-class infrastructure to spur rapid growth within the sector. Under the ministry’s approach, each of the new projects is being built in accordance with international best practices, combining Oman’s authentic culture of hospitality and unique natural environment with state-of-the-art facilities," he added.

Sawiris pointed out that since 2007, Orascom has invested over $600 million as part of its commitment to develop touristic and commercial destinations creating unique lifestyle experiences for families, residents and tourists of all kinds.

"We believe there is huge investment potential in Oman and, thanks to our strong collaboration with the Ministry, we have seen solid growth and long-term value in all our destinations," he stated.

According to him, the City Walk is a new milestone in Orascom's investments plan. 

"This new project will have a ripple-effect on direct and indirect job creation, as well as lead to thriving adjacent markets and even greater prosperity for the sultanate," he added.

Work on the project has already begun and is expected to be completed in five years. 




Tags: Oman | Orascom | complex | Muriya | beachfront city |

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