01 April 2016

Muscat National Development & Investment Company (Asaas) plans to build a four-star hotel and urban park in Muscat, Oman, which will be managed by Hilton Worldwide under the Hilton Garden Inn brand.

The 232-room hotel will come up on a 16,000-sq-m area in Al Khuwair and is the second mega-project to be launched by Asaas this year, said CEO Khalid Al Yahmadi, adding that it will open in 2019.

“The tourism sector in Oman is a key contributor to the economic growth of the country and has the potential to yield even greater returns aided by strategic investments within its supply chain,” he said.

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• Kuwait to launch $4bn projects
• $3bn industrial city eyed for Suez
• Liwa complex wins $3.8bn funds
• Oman awards $1.5bn worth of IWPs
• Update
• Modern Abrasives adds German brand to portfolio
• Qatar law on PPPs by year-end
• Qatar mega mall ‘to cost 20pc less’
• SSH role for Kuwait hotel
• 214,000 rooms under construction across MEA
• Oman’s $600m ITC to open in 2017
• Asaas to build four-star hotel
• Bahrain issues $956m tenders
• $250bn GCC rail work ‘on track’
• Oman railway 4 years away
• Galfar wins $299m contract

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