A new 47,999 m2 City Walk development has been planned for Seeb in Oman. Part of the project will include a five-star hotel but no completion date has been proposed.
HE Ahmed bin Nasser Al Mahrizi, Minister of Tourism, signed an agreement with Eng. Samih Sawaris, chairman of Orascom Development Holding AG, Muriya’s largest shareholder, to develop City Walk, a beachfront commercial city complex.
The new development will be located in North Al Hail and will be part of the continued collaboration between the Ministry and Muriya to bring long-term value to Oman’s tourism, retail and real estate sectors.
Along with a five-star hotel, the City Walk in Seeb will also have a retail area with shops and restaurants. Additionally, the project will feature a commercial area with offices and a cinema complex.
Al Mahrizi said: “The development joins a long-list of projects launched by the Ministry and its partners to leverage Oman’s position as a year-round tourism destination. Inspired by its 2040 Tourism Strategy, the Ministry is currently spearheading the establishment of world-class infrastructure to spur rapid growth within the sector. Under the Ministry’s approach, each of the new projects is being built in accordance with international best practices, combining Oman’s authentic culture of hospitality and unique natural environment with state-of-the-art facilities.”
Samih Sawiris, Chairman of Orascom Development Holding AG, said, “Since 2007, we have invested over USD 600 million as part of our commitment to develop touristic and commercial destinations creating unique lifestyle experiences for families, residents and tourists of all kinds. We believe there is huge investment potential in Oman and thanks to our strong collaboration with the Ministry, we have seen solid growth and long-term value in all our destinations.”
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