Tourism projects worth OMR 2.29 billion being implemented in Oman

Muscat: The Ministry of Heritage and Tourism (MHT), revealed that the number of projects under implementation - as agreed upon with various investors in public and private sectors during 2021 to 2025 - reached 363 projects across all the governorates of the Sultanate of Oman, with a confirmed value of OMR 2.290 billion.

Furthermore, the ministry is looking forward to the investments in the tourism sector reaching OMR 3 billion during the aforementioned period, by attracting additional investments worth OMR 700 million by 2025. Indicators show the possibility of exceeding the targeted number early.

This comes within the framework of the ministry's efforts to promote tourism investments in all sectors, and keep pace with the growing tourism movement in the country.

His Excellency Salim bin Mohammed bin Said Al Mahroqi, Minister of Heritage and Tourism, stated that the MHT's efforts in attracting investment come from the standpoint of the developmental role that relies on the tourism sector. This is in accordance with the objectives of Oman Vision 2040, and the comprehensive plan for developing the tourism sector in Oman.

Additionally, His Excellency pointed out that these investments combine the economic aspect, represented by the fact that this is a sector with the potential to achieve economic diversification and direct investments, to maximise the utilisation of the potential the Sultanate is enjoying, while highlighting and preserving the country’s heritage as well.

He stressed that attracting investment in the tourism sector always takes into account the maximising of the benefit of tourism and heritage elements in the short and long term, while prioritising projects that the tourism market needs now, that also work to diversify the tourism, and attract diverse categories of visitors.

His Excellency also clarified that investment in the tourism sector also works to empower its role in developing the economy of the governorates, through projects that keep pace with the comparative advantages of each governorate, in addition to the benefit of these projects to local communities, as well as small and medium enterprises in the governorates.