Oman launches The Wave resort development project worth $805m.
* The Oman Tourism Development Company (OTDC) is now presenting
this investment opportunity to investors. For the first stage, $82m
(OR.32m) will be invested to reclaim land, develop the infrastructure
and build a golf course and a marina with yacht club. A five-star spa
and beachfront hotel will offer 200 exclusive rooms along the pristine Al Athaiba/Al Hail seafront coastline. Once this is in place, developers
will invest an additional $485m (OR186m) to put in all the elements
needed to build an exclusive resort with a final value of $805m
(OR310m). The Wave is designed to offer a luxury living and visiting
experience that is integrated into the Arabic culture, heritage and
geography of Oman. It plans to become one of the key leisure attractions
of the region.