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The Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) launched a few investment opportunities in the tourism and waste management sectors at Oman Convention and.
Muscat: Salim al Mahruqi, Minister of Tourism, visited the Hay al Sharq project developed by ASSAS Company on Wednesday, which will be completed in early 2024.The project includes hotels, residences, water, and amusement parks, commercial centers, and various recreational activities.During the visit, various stages of completion of the project were presented.
Oman sets new tourism vision for 2040
By: Times News Service
The move also fits in with the policy of efficient government investment envisaged in the Tenth Five-Year Plan.
Muscat: New decisions taken by the government will help streamline investment in the country’s tourism sector, which is a key part of Oman’s economic diversification plans under Vision 2040.
Tourism has been earmarked as one of a number of important sectors targeted for expansion, to reduce the country’s dependence on oil-and-gas based sources of income, and introduce more revenue streams to build a stronger and more resilient economy that will benefit the country and its people in the long-term.