Oman Tourism Development Company (Omran), the sultanate’s executive arm for tourism development, has announced new investment opportunities at Madinat al Irfan East.
The investment opportunities currently available include Omran’s upcoming three-star hotel, Ibis Styles, expected to unlock 282 keys, adjacent to the Oman Convention & Exhibition Centre (OCEC), as well as a build-and-own commercial office building in Madinat al Irfan’s Business Park, in which the company will lease a part as its head office.
The net leasable area of the building will be approximately 16,000sq m. Salah Salim al Ghazali, VP of Development Partnerships and Investment Relations at Omran, said, “We encourage the investment community to take advantage of this opportunity in this world-class, evolving area which enjoys a strategic location at the heart of Muscat, creating a modern urban destination for visitors, residents and businesses.
“Madinat al Irfan East is a vibrant area that encompasses the country’s new events hub, OCEC precinct, which is linked to the new Crowne Plaza Muscat OCEC Hotel and Muscat’s first JW Marriott Hotel. This is in addition to the Business Park which is designed to house the offices of leading corporations – and currently home to the new Omantel headquarters. We are now offering investors a unique opportunity to invest in this ideal and innovative business environment.”
The minimum lot size of investment will be decided on the final number of investors. Prospective institutional investors are requested to submit their Letter of Interest by email to [email protected] latest by October 31.
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