Oman: New $822 million beach-to-mountain resort to be built
Dr. Rajha bint Abdul-Ameer bin Ali, Oman's Tourism Minister said that the basic requirements agreement for partnership between the government of the Sultanate and Dubai International Real Estates Co. was signed in Muscat recently during the visit of Gen. Sheikh Mohammed bin Rashid al-Maktoum, Heir Apparent of Dubai and Defence Minister of the UAE. The agreement is meant to set up an integrated tourism project in Yetti area in the Governorate of Muscat.
According to ONA, the agreement was signed on behalf of the Sultanate’s government by the Tourism Minister, while Mohammed Abdullah al-Qarqawi, Executive President of Dubai International Real Estates Company “Dubai Holding” signed on behalf of his side. According to Dr. Rajiha, the project with its various components represents a complete tourism project to be set up on a 2,6 million square meter area. It will include a coastal hotel, a health resort and a mountain resort, a Golf ground, yacht harbour, residential villas and tourism utilities.
Dr. Rajha said the project goals include re-planning the village of Yetti and establishing service utilities in it. The $822 million beach-to-mountain resort will be completed in stages by 2007.