Agreement for OMR283m-tourism complex in Duqm signed

Muscat: A major tourism complex with an investment of OMR283 million is taking shape in Duqm. An agreement granting land usufruct for building the tourism complex was signed by Special Economic Zone Authority in Duqm (Sezad) on Monday with Marina Duqm Company of the Golden group.
“This will include hotels, a mall, residential complexes, entertainment centre, water theme park and a number of other tourist services and facilities,” said the press statement.
The tourist façade project includes three five, four and three-star hotels, a four-star hotel suite and residential complexes comprising villas and apartments. The project also includes the construction of a mall with a range of restaurants, cafes, stores, water amusement park, a variety of different beach games, a mosque, a cultural and entertainment center, gardens, and public services and utilities.
The project area will be about 741,000 square metres at an estimated cost of about OMR283 million and its implementation will be in four phases, each of about four years. Upon completion, the project will provide about 800 jobs.
Yahya bin Said bin Abdullah Al Jabri, chairman of Sezad, said that the tourist façade project of Marina Duqm is a welcome addition to the economic zone and will help stimulate tourism. It will enrich the tourists and residents because it will include a variety of tourism projects that keep pace with their aspirations.
After signing the agreement, Al Jabri said; “These initiatives contribute to the capital investment locally and achieve good gains for investors and the national economy alike. These initiatives are also consistent with the government's efforts to achieve economic diversification and provide more employment opportunities for the youth.”
“Sezad welcomes local investors and provides many incentives for investors. We hope to see more investment initiatives of the Omani private sector in Duqm,” noted Al Jabri.
Sheikh Salem bin Ahmed bin Mohammed Al Ghazali, chairman of Duqm Marina, indicated that the vision of the Golden Group is to cooperate with the government to accomplish a variety of tourism projects to enhance the vision of the Sultanate and its position in the tourism sector.
He hailed Sezad in terms of its strategic location overlooking the Arabian Sea, which also has a promising tourist area.
“These factors encouraged the Golden Group to take serious steps towards investment in Duqm. Through its new project, Marina Duqm Company seeks to provide a new concept of tourism in Duqm to meet the aspirations of the various segments of society therein,” added Al Ghazali.
Yahya bin Said bin Abdullah AlJabriand Sheikh Salem bin Ahmed bin Mohammed Al Ghazali have signed the agreement.
Al Sedrah Real Estate Company of the Golden Group would handle the real estate development of the Tourist Façade Project of Marina Duqm. The Golden Group has recently signed agreements with several international companies to develop and operate hotels of several categories in the various governorates of the Sultanate.
Marina Duqm Company said that it would review project implementation period and financial estimates within a comprehensive economic feasibility study including financial indicators for each stage.
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