Oman’s Investment Promotion Authority Launches Five Investment Opportunities in Dhofar Worth $5 Billion
The Omani Ministry of Commerce, Industry and Investment Promotion announced on Saturday the launch of five investment opportunities in the Dhofar Governorate in the south of the Sultanate, with a total value of approximately 1.95 billion Omani rials (around five billion US dollars), including the "Salalah Future City" project.
According to the "Invest in Oman" platform—the government’s investment destination for the Sultanate—the opportunities include diverse projects in urban development, real estate development, and eco-tourism and marine tourism in Dhofar, in cooperation and coordination with relevant government authorities.
The "Salalah Future City" project, in collaboration with the Omani Ministry of Housing and Urban Planning, is the largest in terms of investment value among the five opportunities, with a total value of 1.9 billion rials ($4.96 billion) and an area reaching 10 square kilometers.
In its description of the project, the platform states that it is based on developing an integrated urban plan that combines residential, commercial, health, educational, recreational, and hospitality uses, thereby providing multiple investment opportunities for the private sector, supporting urban and economic growth, and contributing to enhancing the quality of life in Dhofar Governorate.
Regarding the other opportunities launched, they include "Razayih Plains," an integrated urban project located in the Atin area of Salalah Wilayat, covering an area of approximately 470,000 square meters with an investment value estimated at 40 million rials (around $105 million). The project aims to develop an integrated destination comprising hospitality, retail, entertainment, and business facilities, alongside public spaces and amenities.
In the field of eco-tourism and biodiversity conservation, the platform presents the opportunity for the Botanical Memory Garden in the Razat plain. Spanning an area of approximately 1.5 million square meters with an investment value estimated at four million rials (around $10.5 million), the project combines the conservation of rare and endangered plants with scientific research, education, and eco-tourism.
The opportunities also include the "Eco-Lodge" and visitor center project in Khor Sanqat, in Sedh Wilayat. Covering an area of approximately 47,000 square meters with an investment value estimated at 3.9 million rials (around $10 million), the project features an eco-lodge, a visitor center, health experiences, and various outdoor activities, alongside sustainable solutions including the use of renewable energy and low-impact environmental systems.
In the marine tourism sector, the platform presented the Diving Club project in the Hallaniyat Islands. Spanning an area of approximately 5,000 square meters with an investment value estimated at 1.5 million rials (around four million US dollars), the project aims to develop a specialized destination for diving tourism and marine activities, including facilities for diving instruction, equipment rental, and boat trips, alongside eco-friendly accommodation facilities.
Dhofar Governorate, located in the far south of the Sultanate of Oman with its capital in Salalah, boasts strategic locations, coastal fronts, natural reserves, biodiversity, and unique natural environments, in addition to its rich tourism and urban assets.
The "Invest in Oman" platform serves as the government’s investment destination for the Sultanate of Oman, specializing in introducing investors to investment opportunities, their basic data, fields, and potential, thereby facilitating access to suitable opportunities.
