Oman's Ministry of Commerce, Industry and Investment Promotion, in partnership with the government and the private sector, announced 18 investment opportunities worth over $3.8 billion. Of these investment opportunities, 6 projects belong to the tourism industry with a value of $2.52 billion, and the remaining 12 waste management projects related to the circular economy sector are worth $1.37 billion. The scope of work includes leisure parks, zoos and water parks of international specification, as well as commercial areas, educational and entertainment centers, residential areas and hotels.

Heritage and Tourism Minister Salim Mohamed Marooqi confirmed that the proposed projects represent an integrated and promising model. They are the first of many investment opportunities, especially in tourism, which is expected to exceed $38.9 billion over the next 20 years. These projects are the starting point for laying a solid foundation for tourism and adding a diversifying dimension to the national economy. The projects are expected to be completed within the next four years.

Asila Salim Al Samsami, Deputy Minister of Investment Promotion, said the move is part of the ministry's initiative to identify investment opportunities for various sectors in partnership with Muscat National Development and Investment Company (ASAAS), Oman Tourism Development Company (Omran), Oman Environmental Services Holding Company (be'ah) and Jabal Bausher Heights Real Estate Development Company, for some investment opportunities, require feasibility studies and market assessment studies.

Omran Chief Executive Officer Engineer Hashel Obaid Al Mahrouqi said the group is working to provide investment opportunities for local and international partners and attract leading brands in hospitality, culture and entertainment to the Sultanate of Oman.

The three projects Omran has proposed to invest in are the second phase of its integrated tourism project "Yeti", the business centre project in Madinat Al Irfan in Muscat and the Musandam Adventures project, which includes the establishment of an adventure centre and a marina and hotel. , said the ONA report. The first phase of the same project will see the inauguration of the zipline, which will open in 2022 as a starting point for enhancing the tourism experience and offerings in Musandam. Keywords: engineering construction, engineering news

Sulaiman Ahmed Al Kindi, CEO of Asaas, said the company is nearing completion of the multi-purpose Al Raya Complex project located in the Muscat provincial ministry area. The project is one of the major public-private partnerships in the country. Integrated operations are expected to begin in March 2023, transforming Oman into a historic tourist destination. "Editor/XingWentao