Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Oman- MoT opens up 22 locations across country for investment  Join our daily free Newsletter

MENAFN - Muscat Daily - 03/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) The Ministry of Tourism (MoT) has announced earmarking several thousand square metres of land for tourism investment projects with the main aim of boosting entrepreneurship. Twenty two locations across the sultanate have been identified as locations for environmental camps, shopping and entertainment centres, and a series of three and four-star hotels.


According to the ministry, Oman Development Bank (ODB) is expected to play a big role in these development projects by providing the required funding to Omani entrepreneurs.


In a statement, MoT said the tourism industry 'is one of the most important sectors to which ODB gives great attention to create more new jobs and develop the national economy'.


In Muscat governorate, the ministry has opened up 20,000sq m for an environmental tourism camp and a 15,000sq m site for an entertainment centre. An entertainment centre for women and children will come up over 10,000sq m in Mirbat, Dhofar. Another 5,000sq m here has been allocated for a skating and entertainment centre.


The projects announced for Buraimi include 166,991sq m hotel and shopping centre, an environmental tourism camp spread over 107,077sq m, and a four-star hotel and villas complex in Hay al Nafahat on 50,000sq m.


Investment opportunities in Dakhliyah include a three-star hotel and restaurant complex in Samail, a 12,000sq m entertainment centre in Jebel Akhdar and a 10,000sq m tourism camp at Nizwa. For North and South Batinah, the ministry announced a 10.000sq m tourism camp in Sohar, a 9,000sq m restaurant complex in Rustaq and a 13,000sq m  environment-friendly rest house in Al Awabi.


Apart from these, a three-star hotel in Al Qabel, an entertainment centre in Mudhaibi, a three-star hotel in Sur, a restaurant complex and three-star hotel in Al Kamil W'al Wafi, and a three-star hotel in Jaalan Bani Bu Hassan are also planned.


ODB has approved financial support to 338 tourism related projects at a value of RO42.2mn, the ministry said. Hamad al Harthi, acting general manager of ODB, said, ''The efforts by MoT are based on its strategy to further support the national economy and optimise the tourism capacities we have in Oman.''

 


Muscat Daily




  MENA News Headlines
 Sep 26 2016 - Qatar, Indonesia USD1b joint fund to start operationMENAFN
(MENAFN) USD1bn mutual investment fund launched by Qatar and Indonesia in its finishing stages and will fund main infrastructure and energy projects.Additionally, Indonesia"s 15pct share of the fund ...

 Sep 26 2016 - Abu Dhabi's Dh4b Medical City to be ready by 2017MENAFN
(MENAFN) Work on Dh4bn Shaikh Shakhbut Medical City will be completed by the beginning of Q4 of 2017.Accordingly, Abu Dhabi General Services Co. (Musanada) exposed that 87 percent of the works has ...

 Sep 26 2016 - Four Rums for right now!MENAFN Press
(MENAFN Press) Four Rums for right now! These four rums are perfect to beat the end of summer and beginning of the fall.— Forrest Cokely SEATTLE, CA, USA, September 23, 2016 ...

 Sep 26 2016 - New Interview Released with the Environment Agency in run-up to Energy from Waste 2016MENAFN Press
(MENAFN Press) New Interview Released with the Environment Agency in run-up to Energy from Waste 2016 An Interview with the Environment Agency Energy from Waste 2016 Quick Fire Q & A released ...

 Sep 26 2016 - Jordan- Moderate weather conditions forecast over next two daysJordan News Agency
(MENAFN - Jordan News Agency) Amman, Sept.26 (Petra) -- A slight drop in temperatures is expected on Monday, but moderate weather conditions started early this week will continue to prevail across ...

 Sep 26 2016 - Egypt petrol subsidy drops by 29pctMENAFN
(MENAFN) Egypt's spending on petroleum subsidies declined by 29 percent in the 2015-16 financial years compared to one year earlier.Accordingly, the subsidies fell by 23 percent, to USD71.36bn for ...

 Sep 26 2016 - Saudi Arabia to inject 20b riyals for fiscal stabilityMENAFN
(MENAFN) Saudi Arabia proclaimed that it would inject almost 20bn riyals at commercial banks and introduce two new money market instruments to avoid a surge in market rates.Moreover, it will also ...

 Sep 26 2016 - Volume of UAE, South Korea trade stood at AED122.7 billionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 25th September, 2016 (WAM)--The total value of trade between the UAE and South Korea reached AED122.7 billion from 2010 - 2015, of which AED115.8 ...

 Sep 26 2016 - UAE- Abdullah bin Zayed host reception in New YorkEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) NEW YORK, 25th September 2016 (WAM) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, hosted a ...

 Sep 26 2016 - Mohammed bin Rashid visits Bloomberg HQ in Dubai, meets chairmanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 25th September, 2016 (WAM)--Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has stressed ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help