Tourism Minister attends launch of Al Nakheel ITC
Published: 03:05 PM,May 15,2022 | EDITED : 07:05 PM,May 15,2022
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BUSINESS REPORTER
MUSCAT, MAY 15
Al Nakheel – a new Integrated Tourism Complex (ITC) – was unveiled on Sunday, May 15, 2022, at an event held the auspices of Salim bin Mohammed al Mahrouqi, Minister of Heritage and Tourism, at W Hotel Muscat.
Phase 1 (A) of the development was formally launched in the presence of officials of the Ministry as well as representatives from the investors. Also in attendance were Murtadha Ahmed Sultan, Member of the Board of Directors of Towell Group, partner in Alargan Towell Investment Company and primary investor of the project; Eng Khaled al Mashaan, CEO and Vice-Chairman of the Board of Directors of Alargan International Real Estate Company based in Kuwait; and Mohammed bin Moosa al Abri, CEO of Al Nakheel project.
Murtadha Ahmed Sultan noted, “The project aims to strengthen the infrastructure of the tourism sector, increase the number of hotel rooms, create rewarding employment opportunities for Omanis, and achieve other goals that are related to the development of the tourism sector in the Sultanate of Oman in line with Oman Tourism Strategy 2040. We are confident that the project will be a valuable addition to the Wilayat of Barka as well as the surrounding areas, including the nearby capital city of Muscat.”
Al Nakheel ITC project, which spans a total area of 500,000 square metres of usufruct land, is located in Al Rumais which links Muscat Governorate with the Wilayat of Barka.
The development is characterised by its 830-metre waterfront overlooking the Sea of Oman. At the heart of the development is the Crystal Lagoon covering an area of 51,000 square metres and the promenade which will become the recreational and entertainment zone of the new urban area.
The development includes three hotels and hotel apartments with a total capacity of 670 keys, 1,436 residential apartments, villas and town houses that will be available for ownership by Oman citizens and other nationalities. It will also include a shopping mall, a traditional souk, an international school, various restaurants, an aqua park and other entertainment and service facilities.
The project will be developed in three phases over the course of 10 to 15 years. During this year, the construction works will start in Phase 1 (A) of the project, which includes the internal roads and infrastructure of the project, the Crystal Lagoon with its recreational facilities, a four-star hotel with 188 keys, a traditional souk, apartments and residential villas.
Mohammed Moosa al Abri said, “The project is characterised by a natural and calm location on the beach of Al Rumais, which is close to the Governorate of Muscat, the City Centre of Barka and other urban centres. The project aims to create a tourist destination in the Wilayat of Barka that is attractive to citizens, residents and tourists coming to Oman. In addition to the Crystal Lagoon and its other design characteristics,
Al Nakheel ITC project will be distinguished from other ITC projects by the reasonable prices of residential units which will be within the reach of citizens and residents alike. We expect the project to attract local and foreign investments across various components of the project, create added value and contribute to the GDP of the Sultanate of Oman.”
MUSCAT, MAY 15
Al Nakheel – a new Integrated Tourism Complex (ITC) – was unveiled on Sunday, May 15, 2022, at an event held the auspices of Salim bin Mohammed al Mahrouqi, Minister of Heritage and Tourism, at W Hotel Muscat.
Phase 1 (A) of the development was formally launched in the presence of officials of the Ministry as well as representatives from the investors. Also in attendance were Murtadha Ahmed Sultan, Member of the Board of Directors of Towell Group, partner in Alargan Towell Investment Company and primary investor of the project; Eng Khaled al Mashaan, CEO and Vice-Chairman of the Board of Directors of Alargan International Real Estate Company based in Kuwait; and Mohammed bin Moosa al Abri, CEO of Al Nakheel project.
Murtadha Ahmed Sultan noted, “The project aims to strengthen the infrastructure of the tourism sector, increase the number of hotel rooms, create rewarding employment opportunities for Omanis, and achieve other goals that are related to the development of the tourism sector in the Sultanate of Oman in line with Oman Tourism Strategy 2040. We are confident that the project will be a valuable addition to the Wilayat of Barka as well as the surrounding areas, including the nearby capital city of Muscat.”
Al Nakheel ITC project, which spans a total area of 500,000 square metres of usufruct land, is located in Al Rumais which links Muscat Governorate with the Wilayat of Barka.
The development is characterised by its 830-metre waterfront overlooking the Sea of Oman. At the heart of the development is the Crystal Lagoon covering an area of 51,000 square metres and the promenade which will become the recreational and entertainment zone of the new urban area.
The development includes three hotels and hotel apartments with a total capacity of 670 keys, 1,436 residential apartments, villas and town houses that will be available for ownership by Oman citizens and other nationalities. It will also include a shopping mall, a traditional souk, an international school, various restaurants, an aqua park and other entertainment and service facilities.
The project will be developed in three phases over the course of 10 to 15 years. During this year, the construction works will start in Phase 1 (A) of the project, which includes the internal roads and infrastructure of the project, the Crystal Lagoon with its recreational facilities, a four-star hotel with 188 keys, a traditional souk, apartments and residential villas.
Mohammed Moosa al Abri said, “The project is characterised by a natural and calm location on the beach of Al Rumais, which is close to the Governorate of Muscat, the City Centre of Barka and other urban centres. The project aims to create a tourist destination in the Wilayat of Barka that is attractive to citizens, residents and tourists coming to Oman. In addition to the Crystal Lagoon and its other design characteristics,
Al Nakheel ITC project will be distinguished from other ITC projects by the reasonable prices of residential units which will be within the reach of citizens and residents alike. We expect the project to attract local and foreign investments across various components of the project, create added value and contribute to the GDP of the Sultanate of Oman.”