Muscat: Investors are very excited about the new hotel Intercontinental Hotel Golf Resort and Spa which is being constructed at Muscat Hills.

“We are pleased to be one of the partners in the Intercontinental Hotel Golf Resort and Spa at Muscat Hills, and we believe this project will be the first of several we will undertake in Oman,” said Glenn Squires, Chief Executive Officer and one of the principals of Pacrim Hospitality.

Squires, a former global chairman for the Intercontinental Hotel Owners Association, also said that Oman is one of the most exciting new tourism destinations in the world and they see huge potential within the Sultanate.

Unique property
“We are currently considering additional projects. The Intercontinental Hotel Resort and Spa at Muscat Hills will be a unique property for Oman and the combination of an urban resort, golf facility and business hotel within the borders of the Muscat Hills planned community is an exceptional property and experience,” he said.

The hotel is set to open its doors in September 2018 and is likely to create 300 to 350 jobs in Oman.
The engineering, procurement and construction (EPC) contract will be given in the last quarter of this year and the construction work for the hotel will be completed in 24 months.

The hotel will feature about 250 guest rooms, leisure facilities with swimming pools and spa facilities with “hammam,” gymnasium and treatment rooms, and restaurants, ballroom and fully equipped meeting facilities and enhanced business services.

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photo-of-Muscat-hotel

Muscat: Muscat has registered a six per cent growth in Revenue per Available Room (RevPAR) in 2014 driven by strong Average Daily Rate (ADR), according to PwC’s second hotel forecast for the Middle East report titled ‘Accommodating Growth,’ which focuses on six major cities in the region — Abu Dhabi, Doha, Dubai, Jeddah, Muscat and Riyadh.

The forecast uses a number of economic variables to forecast hotel occupancy, Average Daily Rate (ADR) and Revenue per Available Room (RevPAR) in each of the six cities and the region in 2015 and 2016.

Despite a number of challenges faced by the region in 2014, such as the fall in oil prices and devaluation of the euro against the dollar, Oman continued its strategy of slow and steady growth in its capital city.

All six cities mentioned in the report witnessed an increase in RevPAR in 2014. Muscat itself saw an increase of approximately 6 per cent. While occupancy was the principal growth driver in Doha, Abu Dhabi and Riyadh, it fell in Muscat and Dubai. The ADR fell in Riyadh, Doha and Abu Dhabi, while the strongest gains were in Jeddah and Muscat.

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Muscat – Oman

The Walk, the award winning lifestyle heart of The Wave, Muscat, has redefined dining in Oman – transitioning the thriving waterfront community into a culinary destination.

With its striking location and combination of year round indoor and al fresco restaurants, food outlets and cafés, The Walk provides all the right ingredients for an extraordinary culinary adventure.

“There are three distinct aspects of The Walk – the wide cosmopolitan, palm-fringed pedestrian and family friendly boulevard al fresco dining, the chillaxed indulgent marina view, and the contemporary casual indoor experience – offer a truly diverse blend of dining with a dynamic and a growing mix of creative concepts that draws people from across Muscat – each new restaurant and café adding another layer for experimenting  for the visitor,” commented Troy Hart, VP of assets, The Wave, Muscat.

Already home to 26 top-class restaurants and cafes, The Walk will continue to add additional destination dining experiences along the Marina promenade later this year. “We think what’s more remarkable than the quality of dining at The Walk will be the variety. Each restaurant has its own distinct style and the choice of dining options is unique to Muscat,” added Hart.

Indeed, The Walk has eateries for all occasions –a quick bite, a full-scale family celebration, a romantic dinner for two, a business lunch, a catch-up over tea or coffee with friends, with or without a sweet treat. And every palate is catered to as a short stroll round The Walk is a global journey for the gourmet – from a Lebanese feast, a taste of Thailand, an American savoury experience to Japanese delights and Italian classics. According to Hart, The Walk is more than a dining destination, “A visit to The Walk is a complete lifestyle experience. While serving the needs of residents and visitors, it is also has been a place for entertainment, watching live shows, or participate in activities. Fireworks or joining in the fun of The Wave, Muscat’s annual carnival. It is a place to relax too, to unwind and take in the surroundings enjoying the simple pleasures.  Indeed, a visit to The Walk is something to savour.”

Future focussed, The Wave, Muscat continually reviews its Master Plan and explores new assets, amenities and facilities, to ensure an optimum experience for residents and visitors.

It is proud to be recognised as a benchmark for world-class development in Oman and the region.

 
Oman Rail

MUSCAT: May 23: Signalling its intent to accelerate the pace of implementation of the Sultanate’s National Railway network, Oman Rail has kicked off competitive tendering for the construction of a further 1,207 kilometres of railway infrastructure. In back-to-back tenders floated by the national railway company over the past week, an additional three segments of the nine-segment national rail network have been identified for execution in contracts potentially totalling an estimated $6-8 billion, say industry experts. It includes a technically challenging 93-kilometre stretch from Thamrait to Salalah Port traversing rugged terrain crisscrossed by major wadis.

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InterContinental Muscat Hills

Muscat: Investors are very excited about the new hotel Intercontinental Hotel Golf Resort and Spa which is being constructed at Muscat Hills.

“We are pleased to be one of the partners in the Intercontinental Hotel Golf Resort and Spa at Muscat Hills, and we believe this project will be the first of several we will undertake in Oman,” said Glenn Squires, Chief Executive Officer and one of the principals of Pacrim Hospitality.

Squires, a former global chairman for the Intercontinental Hotel Owners Association, also said that Oman is one of the most exciting new tourism destinations in the world and they see huge potential within the Sultanate.

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Muscat Harbour

According to an international real estate consultancy, Oman’s continued investment in the development of infrastructure is aiding its transformation into a major logistics hub in the southern Gulf, and has been the main driver behind activity in the industrial property market during the first quarter of 2015.

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Hassan Mohammed Juma, vice-chairman of Oman Real Estate Association

Muscat: Oman’s real estate sector accounted for 10 per cent of the country’s gross domestic product (GDP) last year, contributing about OMR1.3 billion to the economy, said an official of the Oman Real Estate Association (ORA).

The sector’s contribution to the GDP was OMR0.9 billion in 2009, said Hassan Mohammed Juma, vice-chairman of ORA at the association’s second real estate event on Tuesday.

The meeting was chaired by Mohammed Salim Khalifa Al Busaidi, the association’s chairman, and was attended by Saleem Al Balushi from the Ministry of Housing’s directorate general for real estate, board members and representatives of some real estate companies.

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Modern Oman

According to an international real estate consultancy, strong economic activity in Oman, underpinned by the government’s heavy inward investment, has continued to drive job creation across the Sultanate of Oman.

According to the Muscat Winter 2014 Residential Market Outlook report, jobs growth has directly boosted tenant demand with a rise in the number of new starters from the hydrocarbon and construction sectors being recorded. Demand continues to be primarily on the higher end of the market. Villas in particular remain highly sought after and the surging demand is expected to continue outstripping supply over the short to medium term, encouraging further strong rental value growth.

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Wahiba Sands

The Wahiba Sands, or Ramlat al-Wahiba (also called Sharqiya Sands) is a region of desert in Oman. The region is named for the Wahiba tribe. The area is defined by a boundary of 180 kilometers (110 mi) north to south and 80 kilometers (50 mi) east to west with an area of 12,500 square kilometers (4,800 sq mi).[5] The desert has been of scientific interest since a 1986 expedition by the Royal Geographical Society documented the diversity of the terrain, the flora and fauna, noting 16,000 invertebrates as well as 200 species of other wildlife, including avifauna. They also documented 150 species of native flora.