Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saraya Bandar Jissah hosts ground-breaking ceremony  Join our daily free Newsletter

MENAFN - Muscat Daily - 09/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Saraya Bandar Jissah on Wednesday hosted the ground-breaking ceremony for the second major construction stage of Oman's newest integrated tourism complex (ITC) project.


The ground-breaking celebration officially marked the start of construction work for the residential, hotels, and community components of the US600mn resort destination.


The ceremony was held at the site under the auspices of H H Sayyid Asa'ad bin Tariq al Said, representative to His Majesty the Sultan.


Sheikh Hamood Sultan al Hosni, CEO of Saraya Bandar Jissah, and the company board and management were present at the event to welcome dignitaries and business leaders.


Building on the renewed confidence in Oman's real estate market and tourism growth, Saraya Bandar Jissah is the first ITC to be launched since 2007.


Speaking at the event, Hosni said that the first phase of the project, which includes two hotels, recreational facilities and three residential zones, will be completed in 2017, while the second phase comprising two more residential zones will be completed in 2020.


He said, ''Supporting the vision of His Majesty the Sultan, Saraya Bandar Jissah will become a major contributor to the economic growth of the sultanate and will have a positive impact on the country's GDP.''


With its focus on delivering Oman's most luxurious development, the project will provide two five-star hotels with 318 rooms, including a beachfront ballroom for weddings and events, international cuisine restaurants and venues for sports activities, including a diving centre.


Hosni said that the project will boost tourism and create job opportunities in the long term. ''More than 800 direct jobs will be created in addition to indirect jobs for the overall economy. The company is willing to work on development and training programmes for Omani employees to make them ready, once operations start,'' he said.


Saraya Bandar Jissah has adopted the vision of the ITC by ensuring that the master plan provides world-class tourist elements, while balancing the harmony of the residential community to create a destination of choice for the domestic and international markets.


The two five-star hotels will be operated by renowned hotel and resort operator, Jumeirah Group, which will bring in its expertise in developing leading destinations catering to both the domestic and international tourists.


Gerald Lawless, president and CEO of Jumeirah Group, said, ''Projects such as Jumeirah at Saraya Bandar Jissah are a response to the well planned and implemented tourism development and marketing strategy of Oman. The economic reach of travel and tourism is deep in Oman and it is vital to the nation. It is an ideal destination for long-haul international travellers coming in for a vacation or a conference, as well as for regional tourists seeking short breaks.''


Saraya Bandar Jissah, which is being developed in partnership between Omran and Saraya Oman, is located on the outskirts of Muscat on a secluded beach surrounded by the Hajar Mountains. The destination will be built on 2.2mn sq m of land with an expansive beachfront and a high point of 250m.


Saraya Bandar Jissah will be home to 398 exclusive residential units, spacious hilltop villas, stylish town-houses and luxury apartments - all with attractive waterfront and mountainside view

 


Muscat Daily




  MENA News Headlines
 May 24 2015 - MSM30 index weighed down by weak activityMuscat Daily
(MENAFN - Muscat Daily) The general index of the Muscat Securities Market (MSM) inched down 0.12 per cent to close at 6375.43. With a total of 49 stocks traded on the bourse on Sunday the market ...

 May 24 2015 - Oman Fisheries posts 3rd straight annual lossMuscat Daily
(MENAFN - Muscat Daily) Oman Fisheries Co posted its third consecutive year of losses with its deficit widening to RO1.75mn for the financial year ended March 31 2015.  The company has ...

 May 24 2015 - The company has registered a loss of RO711,021 in the previous fiscal.Muscat Daily
(MENAFN - Muscat Daily) Bank Sohar has mandated Arab Banking Corporation as the sole book-runner and initial mandated lead arranger to arrange on its behalf a debut US$250mn syndicated term loan ...

 May 24 2015 - OPWP to sign deals today to develop Salalah power plantMuscat Daily
(MENAFN - Muscat Daily) Oman Power and Water Procurement Co (OPWP) the sole procurer of all new power generation and water desalination capacity in Oman will sign a number of agreements for phase two ...

 May 24 2015 - Team of researchers set to explore how UAE brands are perceived globallyKhaleej Times
(MENAFN - Khaleej Times) The University of Wollongong in Dubai (UOWD) is set to lead a global team of researchers into unchartered territory as they explore how brands from the UAE are perceived ...

 May 24 2015 - Cozmo Travel increases presence in UAEKhaleej Times
(MENAFN - Khaleej Times) The Ras Al Khaimah branch was inaugurated by Engineer Shaikh Salem bin Sultan bin Saqr Al Qasimi chairman of Department of Civil Aviation RAK. Dubai - Cozmo ...

 May 24 2015 - Sahara Centre revs up with performance car bike displayKhaleej Times
(MENAFN - Khaleej Times) Sahara Centre is currently hosting a nine-day sports car and motorcycle display from May 21 to 29 giving the regions petrol-heads the opportunity to encounter the very best. ...

 May 24 2015 - Candle lighting at RAKCONKhaleej Times
(MENAFN - Khaleej Times) 15 Emirati local nursing students and 11 international students lit their candle from the dean and the senior faculty of RAKCON. The Vice-Chancellor Dr S.G.M. Rao ...

 May 24 2015 - Cosmos launches new Sharp smart LED TVKhaleej Times
(MENAFN - Khaleej Times) Sharp Middle East conducted a Facebook competition to educate consumers about unique Cocoro Eye feature. Khushbu Gandhi receives an award at a ceremony at the Cosmos ...

 May 24 2015 - Dh246m water reservoir completedKhaleej Times
(MENAFN - Khaleej Times) The Dewa works according to its strategy which is a key component of Dubai Plan 2021." Dubai — The Dubai Electricity and Water Authority or Dewa has completed ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

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