Ominvest to develop $1 billion tourism resort in Salalah

Published: 18-Mar-2010

Oman-based Ominvest, plans to construct a tourism resort in the southern port city of Salalah in Oman.

Hani Al Zubair, Chairman, Ominvest was reported stating that the integrated tourist complex will have four hotels and housing units which will be offered for sale to both local and international investors.

The construction work at the site will begin either in late 2010 or early next year. The project is planned to be completed in three phases. The estimated cost of the project is said to be $1 billion.

Apart from this project, some other projects are also being developed in Oman which includes the Wave, Barr Al Jissah and Muriya.

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