Oman Business: Qurayyat unveils $997m integrated tourism project in Oman – Gulf Digital News

Oman Business: Qurayyat unveils $997m integrated tourism project in Oman – Gulf Digital News

Oman-based Qurayyat Development Company has launched a new mixed-use project, Hayy Al Sahel District, in the governorate of Muscat, that will boast more than 4,000 housing units, three luxury hotels, a water park as well as a boulevard walkway with shops, restaurants and cinemas, reported Muscat Daily.

 

Unveiling the commercial identity of its first integrated tourism project in the wilayat of Quriyat, the Omani group said it will be built at an estimated cost of RO385 million ($997 million) in partnership with main developer Al Madina Real Estate Company.

 

The company has already allocated RO40 million for the first phase of the project, stated the report, citing a top official.

 

"It is the first integrated tourism project with comprehensive services and facilities in the wilayat of Quriyat," remarked Qurayyat Development Company Chairman Sheikh Hilal bin Khalid Al Mawali.

 

"The project will be developed in three phases and include three main components – tourism, residential and recreational facilities. Its tourism facilities include three hotels (three-, four- and five-star rating) providing 750 rooms, in addition to a golf academy," he revealed.

 

The residential complex will include more than 4,000 housing units, which will be available for freehold ownership by all nationalities.

 

Its recreational facilities will include a water