Qatari Diar enters into MoU with Omani Ministry of Tourism
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Qatari Diar Real Estate Investment Company has recently signed a memorandum of understanding (MoU) with the Omani Ministry of Tourism for development of three world-class leisure destinations in the Sultanate.
The MoU outlines Qatari Diar’s investment in Oman’s important tourism sector, aims to create three mixed-use developments throughout the Sultanate. It also establishes a partnership of 70/30 between Qatari Diar and Omani Ministry of Tourism on the three projects respectively.
Qatari Diar Group chief executive officer, Engineer Mohammed bin Ali Al-Hedfa said: “Our developments worldwide are recognized for spurring economies, lowering unemployment, defining new sector standards, and contributing to sustainability.”
The Ras Al Hadd development, which forms part of the latest MoU, features a five-star hotel and spa, residential villas, apartments, souks, a marina and villa plots, while the second of the three developments boasts a five-star luxury resort hotel and spa as well as residential villas and apartments. The third project brings to life a yacht club and marina, a sports academy, and three boutique hotels.
Qatari Diar is currently developing or planning 49 projects in 29 countries around the world.