Tourism-Integrated Real Estate: Key Growth Opportunities for Investors and Business Owners in Oman
Tourism-integrated real estate projects in Oman are set for significant growth and are expected to become key contributors to the country’s GDP, while also generating employment opportunities. This growth is driven by Oman’s strategic emphasis on sustainable tourism.
According to Muriya Tourism Development, the sector is highly promising for investment, bolstered by a robust infrastructure network that includes roads, electricity, water, and sewage systems, all poised for rapid expansion.
Muriya, a joint venture between Orascom Development and the Oman Tourism Development Company (OMRAN), is the largest and most diverse private integrated real estate and tourism developer committed to advancing Oman’s development.
Wael al Lawati, CEO of Muriya Tourism Development, stated in an interview with the Observer at the Oman Real Estate Exhibition that demand for destinations blending lifestyle, hospitality, and investment is driving strong growth in tourism-integrated real estate.
He emphasized, “Tourism-integrated real estate projects in Oman are progressing toward robust growth and will significantly contribute to GDP while creating jobs. This success is rooted in the country’s strategic focus on sustainable tourism.”
Muriya has invested over $750 million in Integrated Tourism Complex (ITC) projects, including Hawana Salalah and Jebel Sifah. These developments feature hotels, marinas, and recreational facilities, established through a collaboration between Orascom Development Holding (ODH), a global leader in building integrated towns, and OMRAN, the government’s key agency for tourism development.
These partnerships have substantially boosted Oman’s tourism sector, resulting in 1,200 operational hotel rooms within six years, 420,000 hotel guest nights in 2019, and over 1,000 homeowners. The projects have created thousands of direct and indirect jobs, supported local businesses, and contributed to Oman’s economic diversification and tourism growth.
Al Lawati concluded, “Through Muriya, we enhance Oman’s international profile as a promising tourism and investment destination while fostering job creation and community involvement via sustainable development.”
Special Analysis by Omanet | Navigate Oman’s Market
The rapid growth of tourism-integrated real estate projects in Oman presents significant opportunities for businesses, especially those aligned with hospitality, lifestyle, and infrastructure development. This sector’s strategic focus on sustainable tourism and robust public-private partnerships creates a high-potential investment landscape that not only drives GDP but also fosters job creation and economic diversification. Smart investors and entrepreneurs should consider leveraging Oman’s expanding infrastructure and government-backed initiatives to capitalize on this evolving market while supporting sustainable growth.
English 
Arabic 
Persian