OMRAN and DAMAC announce development partnership
Oman Tourism Development Company (OMRAN) have partnered with Dubai-based DAMAC International for the redevelopment of the historic Port Sultan Qaboos into a world-class, waterfront mix use destination. ‘Mina Sultan Qaboos Waterfront’ is being redeveloped into a USD1 billion integrated tourist port and lifestyle destination that includes hotels, residences, as well as a dining, retail, leisure and community facilities that is set to make it amongst the top waterfront destinations in the region. A Memorandum of Understanding was signed in the presence of H.E. Dr. Ali bin Masoud Al Sunaidy, Chairman of OMRAN, Hussain Sajwani, Chairman of DAMAC, H.E. Dr. Ahmed Al Futaisi, OMRAN board member, as well as other key dignitaries.