Oman sets new tourism vision for 2040

Oman sets new tourism vision for 2040

The move also fits in with the policy of efficient government investment envisaged in the Tenth Five-Year Plan.Muscat: New decisions taken by the government will help streamline investment in the country's tourism sector, which is a key part of Oman's economic diversification plans under Vision 2040.Tourism has been earmarked as one of a number of important sectors targeted for expansion, to reduce the country's dependence on oil-and-gas based sources of income, and introduce more revenue streams to build a stronger and more resilient economy that will benefit the country and its people in the long-term.As part of this, all tourism properties owned by Oman Investment Authority (OIA) have now been transferred to Omran, the country's tourism development arm. The decision comes shortly after Omran became a subsidiary of OIA.A number of projects will now be overseen by Omran, including the integrated Yeti Sustainable Tourism City project, a 1.5 million square metre waterfront tourism complex, and the 5-star Alila Hinu Bay Hotel in the Wilayat of Mirbat, Dhofar, with its 112 room, integrated leisure facilities and free-hold villas.Additionally, Naseem Hotel in Al Jabal Al Akhdar with its chalets and adventure theme park, and the freehold Hay Al Sharq tourism complex, have