(MENAFN- The Peninsula) Qatari Diar Real Estate Investment Company yesterday signed an agreement with Omani Ministry of Tourism to develop the 'Ras al Hadd' project, located in the Sur city, Oman.
Through the agreement, investments will be pumped into the tourism sector, which is considered one of the most important sectors in the Sultanate of Oman, and a partnership has been established between both Qatari Diar and Oman Tourism Development Company (Omran) representing the Government of Oman by 70-30 per cent in order to develop a multi-use project.
The agreement was signed in Muscat by the Minister of Finance and Chairman of Qatari Diar Real Estate Investment Company, H E Ali Sherif Al Emadi, and Omani Minister of Tourism Ahmed bin Nasser Al Mehrizi and attended by a number of senior officials from the Omani Ministry of Tourism and Qatari Diar.
Commenting about the agreement, Al Emadi said: "We are always delighted to be present in the brotherly Sultanate of Oman as we have extremely strong and close ties. This agreement is part of the Qatari Government's focus to promote investment in Oman in order to serve the common interests between our countries. We hope that this great project will be the beginning of a new era of cooperation in developing the tourism and economic sectors between the two brotherly countries."
Khalid Mohammed Sayed, Group CEO of Qatari Diar, expressed his happiness to work in the Sultanate of Oman. "I am pleased to be here today in the Sultanate of Oman to mark such an important occasion as the agreement to develop one of the most beautiful areas in a truly wonderful country."
"Our presence here showcases the deep brotherly ties between Qatar and Oman. I am confident that we will not stop at the Ras al Hadd project, but this project will be the first of a series of unique projects that we want to implement here in the Sultanate of Oman; a country that is moving rapidly towards upscale and unique tourism."
Commenting on the importance of the Ras al Hadd development agreement to cater to growing expectations on Oman as a word-class tourist destination, and to develop the necessary tourism infrastructure to a global standard, Wael Al Lawati, CEO of Omran said: "We are pleased to work with Qatari Diar Company, the leading real estate developer in the region. Their deep experience from many international markets in this field will no doubt be of major benefit when implementing the new project according to the highest international standards."
"Ras al Hadd has a fantastic growth potential as a destination for local, regional and international tourists to discover the stunning wildlife of the region, and to experience the history and hospitality of Omani culture. This eco-themed project delivers a number of unique tourist attractions within the master plan, including a wildlife preservation and observation park, a marine life park, and of course, the heritage village which will celebrate the rich history of Omani culture surrounding Ras al Hadd," he added.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.