Oman/Muscat

Oman inks deal to build new beachfront city complex

Tourism ministry signs agreement for City Walk project, to include hotel, retail facilities along 355m waterfront

Oman's tourism ministry has signed an agreement with Orascom Development Holding to build a new beachfront city complex.

Ahmed bin Nasser Al Mahrizi, Minister of Tourism, signed the deal with Samih Sawaris, chairman of Orascom and Omani tourist firm Muriya, to develop City Walk.

Set to be located in North Al Hail, the development comes as part of the continued collaboration between the Ministry and Muriya to bring long-term value to Oman’s tourism, retail and real estate sectors.

City Walk will be a 47,999 square metre project that will comprise a 355-metre waterfront, a retail area with shops and restaurants, as well as an upscale 5-star hotel.

Additionally, the project will feature a commercial area with offices and a dedicated cinema complex, a statement said.

Al Mahrizi 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...Read more...

Source: arabianbusiness.com