Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

MoT opens up 22 locations across country for investment  Join our daily free Newsletter

MENAFN - Muscat Daily - 03/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) The Ministry of Tourism (MoT) has announced earmarking several thousand square metres of land for tourism investment projects with the main aim of boosting entrepreneurship. Twenty two locations across the sultanate have been identified as locations for environmental camps, shopping and entertainment centres, and a series of three and four-star hotels.


According to the ministry, Oman Development Bank (ODB) is expected to play a big role in these development projects by providing the required funding to Omani entrepreneurs.


In a statement, MoT said the tourism industry 'is one of the most important sectors to which ODB gives great attention to create more new jobs and develop the national economy'.


In Muscat governorate, the ministry has opened up 20,000sq m for an environmental tourism camp and a 15,000sq m site for an entertainment centre. An entertainment centre for women and children will come up over 10,000sq m in Mirbat, Dhofar. Another 5,000sq m here has been allocated for a skating and entertainment centre.


The projects announced for Buraimi include a 166,991sq m hotel and shopping centre, an environmental tourism camp spread over 107,077sq m, and a four-star hotel and villas complex in Hay al Nafahat on 50,000sq m.


Investment opportunities in Dakhliyah include a three-star hotel and restaurant complex in Samail, a 12,000sq m entertainment centre in Jebel Akhdar and a 10,000sq m tourism camp at Nizwa. For North and South Batinah, the ministry announced a 10.000sq m tourism camp in Sohar, a 9,000sq m restaurant complex in Rustaq and a 13,000sq m  environment-friendly rest house in Al Awabi.


Apart from these, a three-star hotel in Al Qabel, an entertainment centre in Mudhaibi, a three-star hotel in Sur, a restaurant complex and three-star hotel in Al Kamil W'al Wafi, and a three-star hotel in Jaalan Bani Bu Hassan are also planned.


ODB has approved financial support to 338 tourism related projects at a value of RO42.2mn, the ministry said. Hamad al Harthi, acting general manager of ODB, said, ''The efforts by MoT are based on its strategy to further support the national economy and optimise the tourism capacities we have in Oman.''

 


Muscat Daily




  MENA News Headlines
 Jun 3 2015 - Palestinian Farmer Injured By Israeli Army Fire in GazaQatar News Agency
(MENAFN - QNA) Israeli soldiers opened fire, on Wednesday morning, on a number of Palestinian farmers in their own lands, east of Khuza’a town, east of the southern Gaza Strip city of Khan ...

 Jun 3 2015 - Ashrawi Calls for Just Solution to Palestine Refugees PlightQatar News Agency
(MENAFN - QNA) PLO executive committee member Hanan Ashrawi affirmed the necessity that the Palestinian people should exercise their inalienable rights , including a just solution to the plight of ...

 Jun 3 2015 - Cabinet appoints Jabbour TRC president, Jawarneh as envoy to UzbekistanJordan News Agency
(MENAFN - Jordan News Agency) A cabinet session chaired by Prime Minister Abdullah Ensour, Wednesday decided to appoint Ghazi Jabbour as president of the Telecommunications Regulatory Commission ...

 Jun 3 2015 - Armed Forces General Command starts implementation of recruitment programJordan News Agency
(MENAFN - Jordan News Agency) The General Command of the Jordan Armed Forces-Arab Army started the implementation of His Majesty King Abdullah II's directives on Fursan Al Mustaqbal (Knighs of the ...

 Jun 3 2015 - 136 Syrian refugees cross into KingdomJordan News Agency
(MENAFN - Jordan News Agency) Jordan Armed Forces' border guards received 136 Syrian refugees in the last 72 hours, a source at the General Command of the Armed Forces reported on Wednesday.The new ...

 Jun 3 2015 - Gov't Spokesperson to hold press conference todayJordan News Agency
(MENAFN - Jordan News Agency) Minister of State for Media Affairs and Government Spokesperson, Mohammad Momani, will hold a press conference today at 4 pm at the Prime Ministry. ...

 Jun 3 2015 - Dana Gas, BP sign participation agreementDaily News Egypt
(MENAFN - Daily News Egypt) Dana Gas and British Petroleum (BP) signed a participation agreement, where BP will conduct the drilling of a first exploration well in the El-Matariya onshore Concession ...

 Jun 3 2015 - 1m tonne increase in Egyptian wheat production: Grain Industry ChamberDaily News Egypt
(MENAFN - Daily News Egypt) The decline in imported wheat this year came as a result of the abundant supply of wheat by farmers compared to the last year, according to Tarek Hassanein, head of the ...

 Jun 3 2015 - Arabian Cement's net profit declines 52% despite 11% revenue increaseDaily News Egypt
(MENAFN - Daily News Egypt) Leading cement producer Arabian Cement recorded an 11% increase in revenues of EGP 585m, during the first quarter (Q1)of 2015, compared to the same quarter last year. ...

 Jun 3 2015 - COMESA activation promotes Egyptian pharmaceutical exports to Africa: El-EzabiDaily News Egypt
(MENAFN - Daily News Egypt) Activating the three African economic blocs will develop and promote Egyptian pharmaceutical exports to Africa, according to Ahmed El-Ezabi, Head of the Pharmaceutical ...

more...


 






Google

 
 

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