Oman: Saraya signs MoU with Tourism Ministry to launch new tourism project
Dr. Rajiha Bint Abdul Ameer Bint Ali, Omani Minister of Tourism and Chairman of the Oman Tourism Development Company, (a governmental institution), signed a Memorandum of Understanding (MoU) with Mr. Ali Kolaghassi, Vice Chairman and CEO of Saraya, to launch a joint project between Oman Tourism Development Company and Saraya. Attending the signing ceremony was Sheikh Saad Rafic Hariri, Chairman of Saraya.
The signing of the MoU took place during the Lebanese-Omani Business Forum in Muscat, sponsored by Saraya. The MoU states that the two signing parties will together develop a world class tourism project that offers distinguished residential and entertainment facilities for visitors and Omani residents alike.
Dr. Rajiha bint Abdul Ameer bint Ali stated, "This new project supports our strategy of reinventing Oman as an international world class tourism destination and increasing the pace of economic development and prosperity. We are actively looking to create investment opportunities across a number of business sectors and refreshing the tourism industry which will enhance the quality of life for Omani people.”
Sheikh Saad Rafic Hariri highlighted the achievement of positioning Oman's economy among world markets and enhancing its position as an important economic center. He also emphasized that Oman has become an important destination for investment within a short period of time by implementing policies that successfully attracted investors.
During the agreement signing ceremony, Mr. Ali Kolaghassi said "The aim of this project lies in utilizing the diverse tourism recourses available in Oman to create job opportunities and generating good returns for our investors.” He added, "We are looking forward to making this project a model in terms of planning, implementation, and management".
Saraya is a real estate development and asset management company established in 2005 in a regional market witnessing solid growth in the real estate and tourism sectors. Saraya's mission embraces contributing to the growth of local economies through delivering profitable projects to investors and local communities under the chairmanship of Sheikh Saad Rafic Hariri.
Working strategically with local authorities and investors Saraya will identify and assess unique and undiscovered sites in order to develop them into prospering “cities within cities.” As one of the integral philosophies of Saraya, all projects under its umbrella will be developed in an environmentally-friendly and culturally-conscious manner. These projects aim to stimulate the economies of these yet-to-be discovered destinations and benefit their respective local communities.
© 2006 Al Bawaba (www.albawaba.com)