Sharjah eyes Ethiopia investment opportunities amid growing UAE-Africa trade Saudi Arabia to raise minimum wage threshold Bahrain poised for V-shaped rebound in 2027 after energy sector setback US bank J.P. Morgan facilitates Syrian deal for Saudi oil products Abu Dhabi advances UK investment ties through London forum, 56 meetings Abdullah bin Zayed joins trilateral meeting with FMs of US, India Dubai's GDP reaches $129bln in H1 2026 Saudi economy remains resilient despite Middle East conflict, SAMA governor says Middle East economy set for strong 6.6% rebound in 2027: IMF Technology, start-ups can double India-UAE trade to $200bln: Forum Dubai Cashless Strategy exceeds 2026 targets UAE to participate in World Bank Group and IMF Annual Meetings in Bangkok UAE President receives phone call from Canadian Prime Minister Etihad Rail putting UAE’s property market on a new track, says expert Sharjah recorded 45% growth in FDI projects in 2025 Saudi Arabia plans IPO, short-selling reforms within 90 days: CMA NBB expands Bahrain real estate partnerships with two new deals His Majesty Sultan Haitham reviews economic, investment projects at SEZ in Duqm Ras Al Khaimah Chamber, Greater Miami Chamber of Commerce strengthen trade, investment ties Saudi ranks among world's top countries in trade indicators UAE deploys $272mln fund to bolster critical industries Etihad Rail, AD Ports launch direct Fujairah-Abu Dhabi freight service Sharjah-Oman logistics corridor cargo value jumps 66% to $463mln Saudi Arabia seeks greater private-sector role in industrial growth Oman Islamic banking assets top over $24bln Salama, Ajman Bank establish strategic partnership CBUAE, Mastercard conclude programme to strengthen national capabilities in fraud risk management Qatar Chamber enhances trade relations with Malaysia's Malacca State Saudi business confidence climbs to 56.7 points on industry, services gains Qassim Cement to acquire 100% of A-Mix for $17.3mln

Log in

عربي

Media Centre

Home » Media Centre

Oman: New initiative launched to boost tourism, economy in Musandam

Oman: New initiative launched to boost tourism, economy in Musandam

Oman: New initiative launched to boost tourism, economy in Musandam

Sep 24, 2024

Muscat – Musandam has introduced an initiative called ‘Musandam Lodges’ to enhance the tourism sector and stimulate the local economy.

The announcement was made during a workshop organised by Oman Tourism College in collaboration with Ministry of Heritage and Tourism and Oman Chamber of Commerce and Industry’s Musandam Branch on Sunday.

Sayyid Ibrahim Said al Busaidi, Governor of Musandam, highlighted the initiative’s goal of encouraging residents to invest in world-class tourist lodges while utilising the governorate’s rich natural diversity. “This project aims to improve tourism infrastructure, attract local investments and address the growing demand for tourist accommodation.”

Key objectives include promoting both local and international tourism through diverse lodging options, boosting Musandam’s reputation as a prime tourist destination, and supporting small and medium enterprises in the governorate. Additionally, the initiative is expected to generate new job opportunities in the hospitality and tourism sectors.

The governor urged local investors to capitalise on available opportunities and benefit from incentives for lodging projects. Musandam International Company will manage the development of investment, financing and commercial models alongside urban and architectural plans for participating companies.

The workshop included presentations on the importance of developing tourist lodges as a fundamental element of tourism growth.