Built to inform

Sign up for the daily newsletters

No, Thank you

Omran eyes $1bn+ investors at Oman Economic Forum

The event will likely boost investor interest in Omran's upcoming $800m Madinat Al Irfan Urban City and $1.3bn Mina Sultan Qaboos Waterfront projects

Omran's presence at the forum will include the Mina Sultan Qaboos Waterfront project.
Omran's presence at the forum will include the Mina Sultan Qaboos Waterfront project.

Oman Tourism Development Company (Omran) confirmed it will participate in the upcoming Oman Economic Forum, to be held on 23 and 24 March. 

Omran's presence at the event will focus on its upcoming Madinat Al Irfan and Mina Sultan Qaboos Waterfront projects. 

Madinat Al Irfan Urban City is located near Muscat International Airport, and comprises commercial buildings, malls, district cooling plants, hotels, recreational facilities, and residential developments. 

The project's first phase includes the Oman Convention and Exhibition Centre, and is set for opening in Q4 2016. 

Omran, which will invest $800m (OMR308.1m) in the project, is outlining the master plan for the remaining phases. 

Elsewhere, the Mina Sultan Qaboos Waterfront project is an integrated mixed-use development, which Omran says has been developed based on Palm Jumeirah in Dubai and the V&A Waterfront in Cape Town, South Africa. 

It was previously revealed that Omran is reportedly targeting $1.3bn (OMR500m) investments for the Mina Sultan Qaboos development.

Remarking on Omran's participation in the forum, Salah Al Ghazali, the company's chief investment officer, said: "This forum will be a good platform to discuss the Sultanate’s plan for economic diversification and investment opportunities across various sectors.

"It is a key indicator of how Omran, in line with the government’s ninth Five-Year Plan and its national tourism strategy, is working closely with the private sector to develop unique tourist and real estate destinations, and innovative urban communities.” 

Most popular

Awards

Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 753
Nov 09, 2019