18 May 2015
Muscat: With Oman's tourism sector witnessing strong growth, a new five star Intercontinental Hotel Golf Resort and Spa is set to open its doors in September 2018, a venture that is likely to create 300 to 350 jobs in Oman.
Speaking to the Times of Oman, CEO and Chairman of Muscat Hills, His Highness Sayyid Al Rawy Kais Al Said, this is for the first time that a five star hotel will open on a non-beach front area.
"The hotel will have 250 keys and will create around 300 to 350 jobs, maintaining the Omanisation standards," he said.
The engineering, procurement and construction (EPC) contract will be awarded in the last quarter of this year while the construction work for the hotel will be completed in 24 months.
All investors have signed the shareholder's agreement on May 14, 2015.
Muscat Golf Course Project LLC, the major shareholder, signed the pact with all other shareholders namely Oman Investment Fund, National Bank of Oman and PACRIM.
"The signing of the shareholders pact signifies a long standing relationship that will provide valuable input and oversight for the project," a spokesperson of Muscat Hills said.
The concept to develop a hotel within a prestige 18-holes golf resort located in the "new downtown" area of Muscat was at the forefront of the original planning.
The signing with the operating partner, the Intercontinental Hotels Group (IHG), took place in April 2012.
The initial focus on a business hotel concept was changed, slowing down the planning phase, and shifting the target market catering to both business and tourism, which saw positive growth over the last four years.
NBO CEO HH Sayyid Wasfi Jamshid Al Said commented, "The NBO is thrilled to be a part of this exciting project which will prove to be a landmark hotel in the heart of the most prestigious locations in Muscat. We very much look forward to working together with a fantastic group of shareholders and board members to make this project a resounding success for all stakeholders."
The pristine location of the hotel project being on the golf course alongside the high end residential villas and apartments has positively impacted the decision making of the shareholders.
"The Oman Convention Centre's fast paced construction has also added to the mood to take up and add the last element of the first ITC golf resort project which is the only one of its kind in the Sultanate of Oman. The design team is confident that the project will reach the ground breaking stage by the middle of the fourth quarter of 2015," the spokesperson added.
The hotel will feature about 250 guest rooms, leisure facilities with swimming pools and spa facilities with "hammam, gymnasium and treatment rooms, and restaurants, a ballroom and fully equipped meeting facilities and enhanced business services.
Muscat: With Oman's tourism sector witnessing strong growth, a new five star Intercontinental Hotel Golf Resort and Spa is set to open its doors in September 2018, a venture that is likely to create 300 to 350 jobs in Oman.
Speaking to the Times of Oman, CEO and Chairman of Muscat Hills, His Highness Sayyid Al Rawy Kais Al Said, this is for the first time that a five star hotel will open on a non-beach front area.
"The hotel will have 250 keys and will create around 300 to 350 jobs, maintaining the Omanisation standards," he said.
The engineering, procurement and construction (EPC) contract will be awarded in the last quarter of this year while the construction work for the hotel will be completed in 24 months.
All investors have signed the shareholder's agreement on May 14, 2015.
Muscat Golf Course Project LLC, the major shareholder, signed the pact with all other shareholders namely Oman Investment Fund, National Bank of Oman and PACRIM.
"The signing of the shareholders pact signifies a long standing relationship that will provide valuable input and oversight for the project," a spokesperson of Muscat Hills said.
The concept to develop a hotel within a prestige 18-holes golf resort located in the "new downtown" area of Muscat was at the forefront of the original planning.
The signing with the operating partner, the Intercontinental Hotels Group (IHG), took place in April 2012.
The initial focus on a business hotel concept was changed, slowing down the planning phase, and shifting the target market catering to both business and tourism, which saw positive growth over the last four years.
NBO CEO HH Sayyid Wasfi Jamshid Al Said commented, "The NBO is thrilled to be a part of this exciting project which will prove to be a landmark hotel in the heart of the most prestigious locations in Muscat. We very much look forward to working together with a fantastic group of shareholders and board members to make this project a resounding success for all stakeholders."
The pristine location of the hotel project being on the golf course alongside the high end residential villas and apartments has positively impacted the decision making of the shareholders.
"The Oman Convention Centre's fast paced construction has also added to the mood to take up and add the last element of the first ITC golf resort project which is the only one of its kind in the Sultanate of Oman. The design team is confident that the project will reach the ground breaking stage by the middle of the fourth quarter of 2015," the spokesperson added.
The hotel will feature about 250 guest rooms, leisure facilities with swimming pools and spa facilities with "hammam, gymnasium and treatment rooms, and restaurants, a ballroom and fully equipped meeting facilities and enhanced business services.
© Times of Oman 2015
