Integrated tourism complex project will have major economic impact
Saraya Bandar Jissah will have a major positive impact on the economy of the sultanate, said chief executive Sheikh Hamood Sultan al Hosni on Tuesday, as he hailed the progress in ongoing construction work.
The integrated tourism complex project will be a major job creator, during construction and particularly once it is operational, he said.
"This is the single largest residential and tourism development to break ground in Oman since 2007," said Hosni. "The impact on our national economy and on local communities will be significant.
"All our contractors and partners have had to sign up to a 'good-neighbour' policy, which includes the requirement to create local employment opportunities during construction.
"Once we are operational, we believe there will be up to 1,000 new job opportunities linked to our residential communities, hotel and other tourism facilities. The wheels are in motion to deliver training to Omanis in our local communities so they have the skills for these jobs."
Saraya Bandar Jissah offers exclusive homes and two five-star beachfront hotels, as well as recreational and community facilities, on a secluded beach surrounded by the Hajjar Mountains, just east of Muscat. With villas, apartments and hotels, the development is positioned sympathetically amongst 2.2mn sq m of undulating hillsides.
The project is being developed by Oman's tourism development and investment arm, Omran, in partnership with Saraya Oman, a subsidiary of Saraya Holdings, and a leading international development company.
Construction has now started on-site, with the advanced earthworks package under way, after an extensive environmental impact assessment, which resulted in wide-ranging archaeological protection work.
"There are a number of areas of historical and archaeological interest at the site," said Hosni. "We have taken action not only to ensure they are fully protected but to integrate them into our plans, to improve the richness of the overall development.
"The unique mix of natural beauty, authentic heritage and contemporary design will make this a must-choose destination for homeowners, investors and tourists alike.
"All our focus now is on the construction phase. We will look at sales once we have advanced further in this phase of our work," Hosni added.
- Sorry Dubai: why London's pricy property is still number one for ME investors
- Hubris and greed: the toxic combination that drove the rise and fall of Arabtec?
- Narrowing things down: the cheapest and most expensive places to rent in Dubai
- Arabtec's nosedive: a case study for exactly what needs to change about Dubai
- The only way towards sustainability? Why Dubai's property market needs a rent-to-own option