Omran Group to Invest $3 Billion in Strategic Tourism Projects
Muscat, The Gulf Observer: Omran Group, a key player in Oman’s tourism sector, is set to embark on a significant investment journey, earmarking $3 billion for various strategic tourism projects over the next five years. This initiative aligns seamlessly with the objectives outlined in Oman Vision 2040, signaling a steadfast commitment to the development of the country’s tourism infrastructure.
Dr. Hashel bin Obaid Al Mahrouqi, the CEO of Omran Group, highlighted the strategic vision behind this substantial investment, stating, “This comes as a continuation of the Group’s tireless efforts to develop the tourism sector infrastructure by working on sustainable tourism destinations for the diversification of income sources and to achieve economic growth.”
Underlining the success of the Group’s endeavors, Dr. Al Mahrouqi noted that Omran has effectively attracted approximately $2 billion in foreign investments. These funds are directed towards financing pivotal tourism projects, reinforcing Oman’s position as a premier destination. He emphasized the crucial role played by the National Travel Operator’s platform in promoting local tourism products and experiences, bridging connections to targeted markets to stimulate inbound tourism growth.
Dr. Al Mahrouqi shed light on Omran Group’s recent participation in the Berlin Travel and Tourism Exchange 2024, articulating its purpose to showcase current and upcoming projects, highlight available investment opportunities, and contribute to the promotion of Oman’s tourism components. The collective efforts have yielded remarkable results, with a notable 38 percent increase in tourist arrivals during 2023.
Omran Group’s commitment to sustainable and diversified tourism aligns harmoniously with Oman Vision 2040, aiming to position the Sultanate as a premier global destination while fostering economic growth through strategic investments in the tourism sector.
