The Oman Tourism Development Company (Omran) has partnered with Bank Sohar for development financing for the new JW Marriott Hotel Project within the upcoming Oman Convention and Exhibition Centre (OCEC) precinct, said a report.

The financing agreement, which is valued at OMR39.68 million, was signed by Salah Al Ghazali, Omran’s acting chief investment officer and Sasi Kumar, the group general manager of Business at Bank Sohar at the JW Marriott Hotel construction site yesterday (December 28), the Oman Economic Review reported.

The hotel, currently under construction in the OCEC precinct, will include state-of-the-art food and beverage outlets, meeting facilities and a health and leisure club. Once completed, it will add an additional 304 keys to hotel offerings in the sultanate. 

The OCEC precinct plays a key role in the Government’s strategy to diversify the national economy and stands as the centrepiece of Oman’s business development programme.  Once complete, the OCEC complex will include four hotels, a business park, and a retail shopping mall in addition to the Convention Centre Precinct., it said.