Oman- Work on Ras al Hadd project to begin soon says HE Darwish

1/31/2016 3:20:49 AM

(MENAFN- Muscat Daily) Muscat-

H E Darwish bin Ismail bin Ali al Balushi Minister Responsible for Financial Affairs and deputy chairman of Oman Tourism Development Company (Omran) has said that work on first stage of the Ras al Hadd tourism project will start in the first quarter of this year.

H E Darwish said that it will be a joint venture between the sultanate's government represented by Omran and Qatar's Al Diar Real Estate Investment Company.

He said that the project will be spread over 1.8mn sq m. H E Darwish added that the first stage will cost RO250mn.

Oman and Qatar signed the agreement in November 2014 to jointly work on the project which will be developed in four phases at Ras al Hadd in Sur. Phase one includes the construction of a 100-room eco-themed resort 50 hotel villas 150 residential villas and a 7000sq m souq. This phase is expected to be complete by the end of 2018.

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.