Agreement signed for “Yetti-Yenket” development project

Muscat (ONA): The Ministry of Heritage and Tourism and the Oman Tourism Development Company (Omran) today signed an agreement for the development of  “Yiti-Link” project in the Governorate of Muscat, an area of ​​11 square kilometers.

Omran, the government’s executive arm, will devise the plan of the project, which will be implemented in four stages in a macro outline to be presented to local and international investors.

Omran seeks to conclude development deals with potential partners, working closely with the private sector to explore opportunities for attracting direct foreign investment.

The agreement was signed by Salim Mohammed Al Mahrouqi, Miniter of Heritage and Tourism, and Eng Mohammed Salim Al Busaidi, Board Chairman of Omran.

The agreement comes in realization of Oman Tourism Strategy 2040, said Al Mahrooqi, adding the strategy is aimed at promoting the Sultanate’s tourism product’s, improving competitiveness by introducing unique opportunities in key tourism locations and doing all that could enhance efforts to achieve goals to Oman Vision 2040. The overall objective is to augment the contribution of non-oil sectors to the Gross Domestic Product (GDP) and attract foreign investments, he explained.

Eng. Mohammed Al Busaidi pointed out that the project lays emphasis on Omran’s role in establishing the pillars of tourism development in the Sultanate. The strategy involves exploiting key tourism sites and transforming them into integrated destinations in accordance with the country’s future outlook, which focuses on maximizing opportunities and raising the contribution of the tourism sector to the GDP. – ONA

Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.