Muscat National Development and Investment Company (ASAAS) recently announced the signing of a usufruct agreement with the office of the Minister of State and Governor of Musandam to develop the Bassah Beach site in the wilayat Khasab, Governorate of Musandam, to the tune of RO9mn.
The agreement involves developing a land area of about 73,000sq m that will feature two key components – a four-star resort and a public park to cater to the growing number of tourists visiting this beach.
The project will add further momentum to the company’s ambition to help in diversifying the national economy by forging strong partnerships and aligning with the government’s vision to boost tourism’s contribution to the national GDP while also offering career opportunities for locals.
The agreement was signed by H E Sayyid Ibrahim bin Said al Busaidi, Minister of State and Governor of Musandam, and Abdullah bin Humaid al Mamari, chairman of ASAAS.
One of the most beautiful sandy beaches nestled between the rugged dark mountains of Musandam, Bassah Beach is strategically located near Khasab Airport, only 2.6km from Khasab’s city centre.
H E Busaidi stressed the importance of such tourism projects and the value they will add to the governorate as a whole. He said Musandam is blessed with natural beauty and has huge investment potential for such projects.
H E Abdulsalam Mohammed al Murshidi, Chairman of Oman Investment Authority (OIA), said that the authority plays a key role in prioritising national developers and investors in such tourism projects, especially companies that have proven capacity to deliver world-class tourism projects. He added that such an approach is in alignment with the national strategy towards tourism development and economic diversification.
On his part, Mamari said, “With this agreement, we restate our continued strategic partnerships with the government and our commitment to the shared national objectives towards making Oman a leading tourism destination for all.”