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06 December, 2018

Oman's Ministry of Tourism invites developers for unique tourism project

The project would be located in the Muscat Governorate

Image used for illustrative purpose. Tourists visit a cave at Ain Razat, a water spring in Salalah, Dhofar province, Oman August 20, 2016. Picture taken August 20, 2016. REUTERS/Ahmed Jadallah

Image used for illustrative purpose. Tourists visit a cave at Ain Razat, a water spring in Salalah, Dhofar province, Oman August 20, 2016. Picture taken August 20, 2016. REUTERS/Ahmed Jadallah

06 December 2018
Oman's Ministry of Tourism has announced a competition for developing a unique tourism project in Muscat Governorate.

The competition is for selecting a developer on the basis of the concept and the shortest completion time for the proposed project, a ministry official told Thomson Reuters Projects.

"There are no specifications as to the type of experience but it should be unique and in line with the Oman Tourism Strategy," he said.

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The official noted that the project would be developed on a public-private partnership (PPP) model where the government will grant usufruct rights and the developer would invest and develop the project.

"At present lease rights are for 50 years but we are also considering extending it to 99 years. It may take 3 months to a year to evaluate the proposals and announce a winner depending on the number of entries and the type of proposals received." the official added.

According to a public invite issued by the ministry, the project would to be located on a land area of 10,000 square metres on Plot Number 19 in the Wilayat of Bausher in Muscat Governorate. The last date for submission of offers is 1 March 2019.

A May 2018 report published by local newspaper Oman Daily Observer, quoting Omran CEO Peter Walichnowski, said investment in Oman's tourism and hospitality is projected at around $50 billion over the next two decades through to 2040 with private sector accounting for 88 percent.

Oman Tourism Strategy 2040 envisages the development of 14 tourism clusters over a 25-year period.

(Reporting by Sowmya Sundar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)


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