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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.
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Title Annotation:Oman Tourism Development Company
Comment:Oman launches The Wave resort development project worth $805m.(Oman Tourism Development Company )
Publication:The Middle East
Article Type:Brief Article
Geographic Code:7OMAN
Date:Apr 1, 2004
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