A new tourism project will generate more than 3,000 jobs in the Sultanate

Murtadha Ahmed Sultan, Board Member of Towell Group, partner of ALARGAN Towell Investment Company and lead investor in the project; Eng. Khaled Al-Mashaan, CEO and Vice Chairman of the Board of ALARGAN International Real Estate Company based in Kuwait; and Mohammed Moosa Al Abri, CEO of the Al Nakheel project were present on the occasion.

Muscat: At an estimated cost of OMR 12 million, Phase 1(A) of Al Nakheel Integrated Tourism Complex was launched on Sunday under the patronage of Salim Mohammed Al Mahrouqi, Minister of Heritage and Tourism at W Hotel Muscat.

The three phases of the project are expected to cost more than OMR 250 million and help provide jobs for around 3,000 Omanis in the tourism, hospitality, entertainment, retail and service sectors, said Mohammed Moosa Al Abri, CEO of the Al Nakheel project.

The Al Nakheel ITC project, which covers a total area of ​​500,000 square meters of land in usufruct, is located in Al Rumais which connects the governorate of Muscat to the Wilayat of Barka. The project includes the development of an 830 meter beachfront overlooking the Arabian Sea. But at the heart of the project is the Crystal Lagoon with an area of ​​51,000 square meters and the promenade that will become a leisure and entertainment area of ​​the new urban area.

The event brought together senior officials from the ministry as well as investor representatives.
Murtadha Ahmed Sultan, Board Member of Towell Group, partner of ALARGAN Towell Investment Company and lead investor in the project; Eng. Khaled Al-Mashaan, CEO and Vice Chairman of the Board of ALARGAN International Real Estate Company based in Kuwait; and Mohammed Moosa Al Abri, CEO of the Al Nakheel project were also present on the occasion.

Diversified tourism sector
Al Mahrouqi stressed the importance of this project, which aligns with the ministry’s plan to build a diversified tourism sector that meets the needs and demands of the national and regional tourism industry.
He noted that this project strengthens the competitive capabilities of the Sultanate of Oman, combining natural, historical, cultural, historical and social elements unique to the Gulf region. He also congratulated those leading this project and commended the investment model that brings together partners from inside and outside the Sultanate.

He added that the ministry is working at different levels to carry out similar projects in a number of governorates, through the approved guidelines and policies to build an economy based on diversified sources of income that improves the labor market and local content.

Murtadha Ahmed Sultan said: “The project aims to strengthen the infrastructure of the tourism sector, increase the number of hotel rooms, create rewarding employment opportunities for Omanis and achieve other objectives related to the development of the tourism sector in the Sultanate of Oman. in line with Oman’s Tourism Strategy 2040. We are confident that the project will be a valuable addition to the Wilayat of Barka as well as surrounding areas, including the nearby capital city of Muscat.

Meanwhile, Eng. Khaled Al-Mashaan noted: “The attractiveness of the Sultanate of Oman as a leading tourist destination in the region and the government’s plans to develop the tourism sector, have encouraged investors to enter this promising sector, which should become one of the most promising. leading economic sectors in the country over the next few years.

“At ALARGAN International, we are among the first investors in the real estate sector in Oman. Our decision at ALARGAN Towell to invest in the field of integrated tourist resorts offering a market leading design that will exploit the natural beauty of the region to develop exceptional tourist attractions in the Wilayat of Barka, is a continuation of the successes achieved by the company across the Sultanate, which are represented by distinctive projects that add value to the communities around them.

The development comprises three hotels and hotel apartments with a total capacity of 670 keys, 1,436 residential apartments, villas and townhouses which will be available for ownership by Omani citizens and persons of other nationalities. It will also include a shopping center, a traditional souk, an international school, various restaurants, a water park and other entertainment and service facilities. The project will be developed in three phases over a period of 10 to 15 years.

During this year, construction work will begin on Phase 1 (A) of the project, which includes internal roads and infrastructure, the Crystal Lagoon with its leisure facilities, a 188-key four-star hotel, a traditional souk, residential apartments and villas. .

Mohammed Moosa Al Abri said, “The project is characterized by a natural and quiet location on Al-Rumais Beach, close to Muscat Governorate, downtown Barka and other urban centers. The project aims to create a tourist destination in the Wilayat of Barka that is attractive to citizens, residents and tourists coming to Oman.

“In addition to the Crystal Lagoon and other design features, the Al Nakheel ITC project will be distinguished from other ITC projects by the reasonable prices of residential units that will be within reach of citizens and residents. We expect the project attracts local and foreign investment in various components of the project, creates added value and contributes to the GDP of the Sultanate,” he added.

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