With its temperate climate and beautiful beaches, Duqm is a perfect spot for vacations. And plans are now afoot to establish the port town as a major tourism player in the GCC, with the announcement that construction of a new tourist hub – complete with hotels, residential and commercial complexes and an amusement park – will begin soon.
Al Khonji Real Estate and Development has been awarded the project by the Special Economic Zone Authority in Duqm (Sezad).
According to the agreement, a land area of approximately 661,000sqm has been allocated to the company to build the tourist and real estate project.
The project will be completed in multiple phases at an approximate cost of RO390 million, and is expected to create at least 4,000 jobs by the time it is finished in 2022.
The first phase of the project consists of a three-star hotel and construction is expected to be completed by the first quarter of 2019. Sezad had earlier expressed interest in constructing eight hotels in the Duqm area. However, the Crowne Plaza and Park Inn have already started operations there.
The project will also include a commercial complex, villas and residential units, which would be offered to both local and foreign investors, becoming the first project with units offered for sale in the Special Economic Zone in Duqm.
The joint property agreement was signed by Yahya bin Abdullah al Jabri, the chairman of the board of directors of Sezad, and Mohammed bin Abdullah al Khonji, chairman of the board of directors and CEO of Al Khonji Real Estate, the developer of the project.
According to the master plan, the amusement park will be completed by 2020 and the health complexes by 2022.