Oman Unveils Five Major Investment Opportunities in Dhofar Worth Nearly $5 Billion

Oman is actively seeking to attract significant investment with the announcement of five major projects in the Dhofar Governorate, collectively valued at approximately OMR1.95 billion (nearly $5 billion). The Ministry of Commerce, Industry and Investment Promotion unveiled these opportunities through its digital platform, "Invest in Oman."

The diverse projects span key sectors including urban and real estate development, ecotourism, and marine tourism. They are being developed in collaboration with various government bodies, such as Dhofar Municipality and the Ministry of Heritage and Tourism, aiming to capitalize on the governorate's rich coastlines, biodiversity, and natural landscapes.

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The governorate's diverse natural, geographical and economic assets make it well positioned to attract investment in tourism, urban development and the green economy.

Among the highlighted projects is "Future Salalah City," a massive undertaking estimated at OMR1.9 billion, which plans to develop a 10 sq km integrated urban area. Other opportunities include the "Sahool Al-Rathath" urban development, the "Botanical Memory Garden" focused on plant conservation and ecotourism, an "Eco-lodge and Visitor Centre at Khor Sanaq," and the "Hallaniyat Islands Diving Club" for marine tourism.

Officials emphasize that these initiatives align with Oman Vision 2040, aiming to attract high-value, value-added investments, boost private sector involvement, and drive economic diversification. Dhofar Governorate's unique natural and geographical assets are seen as a strong foundation for attracting investment in tourism, urban development, and the green economy.

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The 'Invest in Oman' platform helps investors access project information, assess investment potential and connect directly with the relevant government entities.