Omran has purchased a 40% stake in Muscat-based project The Wave, a stake which was previously owned by Oman's Ministry of Finance.
Omani developers, the Oman Tourism Development Company (Omran), will hire an additional 1,000 people to run three new hotels. Omran CEO James Wilson released a statement saying that over the next five years 10,000 Omanis must be trained to meet burgeoning tourism, real estate and hospitality demands.
“The Mina Al Sultan Qaboos Waterfront Project is a flagship redevelopment plan is the first step Oman is taking to move away to a non-oil economy,” Wilson added.
Hotelier Middle East reported last month that Omran has launched the first phase of the Mina Al Sultan Qaboos Waterfront Project in Muscat. Phase one of the integrated mixed use waterfront destination is projected to be completed by 2020, spanning 64 hectares. The first construction contract awarded for the project has been valued at US $390m.
Times of Oman reported that Wilson said: “Next year we will hire another 1,000 people for the three new hotels under construction in Muscat and over the next five years Oman must train 10,000 people in hotel management, real estate sales and marketing, customer services, professional tour guides and the real estate development & hotel development markets.”
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