Oman’s hospitality and tourism market expects to see larger investments

Published on : Thursday, January 11, 2018

Oman’s hospitalityOman’s rapidly increasing hospitality and tourism market according to the World Travel and Tourism Council, is expected to see investments of more than US$1.7billion by 2026, as a key area for expansion in the Middle East.

 
The cutting-edge technology has already proven to be a major success in the GCC, particularly in Oman, where Alargan Towell Investment Company has started working on a 50-hectare multi-million-dollar, mixed-use development. Crystal Lagoons will build a 40-hectare lagoon as part of the project, the centerpiece to three hotels, serviced apartments, a mixed-use souk and a host of other amenities.

 
Crystal Lagoons have also signed a deal with Palm’s Beach Company for building a five-hectare lagoon as the centrepiece for the eagerly anticipated Al Nakheel Integrated Tourism Complex (ITC) in the Wilayat of Barka. Construction of the same will start in Q1 2018.

 
Carlos Salas, Regional Director, Middle East, Crystal Lagoons, said: “Developing Oman’s tourism industry is a top priority for the government, investment is likely to see a number of recognised hospitality brands coming into the market. At Crystal Lagoons our technology allows us to develop mass bodies of water that are not only highly sustainable but also offer incredible turquoise water ideal for a range of water sports in a safe environment, perfect for large resorts and residential developments. As investment in the country grows, as does competition. We can provide a viable, long term differentiator that offers something unique to other developments, we ultimately deliver the wow factor!”

 
Oman is popular for having some of the cleanest waters in the world. Crystal Lagoons uses any kind of water including brackish from underground aquifers, doing away with the need to consume valuable fresh water resources.

 
The cutting-edge technology uses up to 30 times less water than a golf course and half of the water required to irrigate a park of the same size. Oman’s real estate market is also predicting a boost.

 
Crystal Lagoons currently boasts over 600 projects in different development and negotiation stages in 60 countries worldwide. The company holds two Guinness World Records for the world’s largest manmade lagoon – the first in San Alfonso del Mar, Chile; and the second in Sharm El Sheik, Egypt, which is the current world record holder at 12.2 hectares.

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