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Omran seeking $2bn Salam Yiti project revival

: Sunday, June 15 - 2014 @ 10:47

Oman Tourism Development Co (Omran) is in talks with Qatari investors to revive the ambitious Salam Yiti project, which was shelved in the second half of 2009 due to the global economic recession, Muscat Daily has reported. Omran is currently revising the feasibility study for the $2bn project, a joint venture with Sama Dubai. “We are in talks with investors from Qatar who have shown interest,” said Omran’s chief executive, Wael al Lawati. The original plans for the 4.19sq km Salam Yiti project, which was expected to be completed by 2013, included three five-star hotels, more than 1,000 apartments, 720 townhouses, around 400 villas, a golf course, leisure centre, a 150-berth marina and a 25,000sq m commercial area.

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Sunday, June 15- 2014 @ 10:47 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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