Deal inked to develop Ras al Hadd project in Sur City by Oman Ministry of Tourism and Qatari Diar
Posted on 10th November 2014
Qatari Diar Real Estate Investment Company has 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% in order to develop a multi-use project, according to news reports on Construction Week Online.
Commenting about the agreement, HE Mr Ali Sharif Al Emadi, Minister of Finance, said: "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."
Ras Al-Hadd, the eco-themed project, delivers a number of unique tourist attractions within the masterplan, including a wildlife preservation and observation park, a marine life park, and a heritage village which will celebrate the rich history of Omani culture.
Mr Khalid Mohammed Sayed, Group CEO of Qatari Diar, said: "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."
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