Mohammed Mahfood Saad Al Ardhi, chairman of Sundus Investments Projects and Selim El Zyr, president and CEO of Rotana.
Sundus Investments Projects, specialists in mixed-use developments in the Middle East, has signed an agreement with Rotana Hotel Management to manage its new project Sundus Arjaan by Rotana.
The agreement follows the company’s recently concluded alliance with Rotana to manage its first four-star Sundus Rotana Muscat hotel as reported by Hotelier ME in February this year, which also marked Sundas Investments Projects first move into the hotel business.
Scheduled for completion in two years time, work on the $40 million Sundas Rotana Muscat projects will commence next month.
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The two properties will collectively span approximately 40,000 sq m and contribute to driving Oman's ambitious mandate for the tourism sector as outlined in Vision 2020.
Mohammed Mahfood Saad Al Ardhi, chairman of Sundus Investments Projects, said: "Rotana is the ideal partner to realise our aspirations for the hospitality landscape in Oman. With their experience in hotel management, we are confident of achieving our project goals that will serve to inspire more investors in Muscat to foray into the tourism and hospitality sectors."
"Our projects in Oman are in line with the overall objective of the National Tourism Development Plan that prioritises the social and economic development of the Sultanate.
"It also supports Oman's Vision 2020 that aims, among other things, to increase the tourism sector's contribution to the economy by achieving an annual GDP growth of 7.4% and bring in about 12 million tourists annually by 2020.
"As part of Sundus Investments' commitment to this goal, we are looking at launching a series of hospitality projects in Oman in the short term," he added.
"In addition to supporting Oman Vision 2020, we are glad that our projects will offer new and interesting employment opportunities to Omani graduates for nearly 250 entry and mid managerial positions," Al Ardhi concluded.
Rotana president Selim El Zyr also commented on the deal, adding: “Oman has always been a targeted market for our group as it has all the essential components to emerge as a leading tourism destination in the region.
"Sundus Investments’ projects complement our expansion plans and offer us an opportunity to consolidate our status in the market with two of our top brands.”
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