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OIA transfers its tourism and real estate assets to Omran Group
By: ONA
Muscat: Oman Investment Authority (OIA) announced the restructuring of its tourism and real-estate investments in the Sultanate by transferring them to Oman Tourism Development Company (OMRAN Group), now a subsidy of OIA.
This included moving projects and shares in some companies to OMRAN, allowing the group to continue its focused role as the government executive arm in developing the tourism sector and adding further momentum to its contribution to the economic diversification drive.
The restructuring saw the transfer of the integrated “Yeti Sustainable Tourism City” project, a 1.5 million square metres waterfront tourism complex, the 5-star ‘Alila Hinu’ Bay Hotel in the Wilayat of Mirbat, Dohfar, with its 112 room, integrated leisure facilities and free-hold villas. Additionally, Naseem Hotel at Al Jabal ....

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