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Oman’s tourism sector targets OMR3 billion in investments

Plans to invest OMR3bn in Oman’s tourism sector over the next three years have been drawn up, according to the Minister of Heritage and Tourism.

With COVID-19 having impacted tourism, it is hoped that this investment will once again enable it to contribute to economic growth, create more jobs, and provide tourism opportunities.

“The ministry aims to bring in total investments worth OMR3 billion during the next three years as part of the programme of attracting investments and encouraging exports.” - Salim Mohammed Al Mahrouqi, the Minister of Heritage and Tourism.

It includes the approved timetables for investment, creating a number of investment initiatives, and introducing the right procedures for investment, appropriate governance, and developing legislations.

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