Oman Business: Oman unveils $3.8bn worth of investment opportunities – Gulf Digital News

Oman Business: Oman unveils $3.8bn worth of investment opportunities – Gulf Digital News

Oman's Ministry of Commerce, Industry and Investment Promotion, in cooperation with the government and private sectors, has announced 18 investment opportunities worth more than RO1.5 billion ($3.8 billion) in the sultanate, reported Oman News Agency.

Of these, six projects are in tourism sector worth RO974 million and the rest 12 are linked to circular economy sector for waste management projects worth RO528 million.

Scope of work includes a recreational park, a zoo and aqua park with international specifications, as well as a commercial area, an educational and entertainment center, a residential area, and hotels, stated the report.

Minister of Heritage and Tourism Salim Mohammed Al Mahrouqi affirmed that these proposed projects represent an integrative and promising model.

"They are the first group of many investment opportunities, particularly in the tourism sector, which are estimated at more than RO15 billion during the next 20 years," he stated.

According to him, these projects represent the starting point for building a solid base for the tourism sector and the addition of a diversified dimension to the national economy. It is expected that these projects will be completed within the next four years.

Asila Salim Al Samsami, Undersecretary for Investment Promotion, said the move comes as part of the ministry's