Oman’s tourism sector to witness US$ 35 billion investment in 25 years

Oman’s tourism sector to witness US$ 35 billion investment in 25 years

Salim Al Mamari, director general of tourism promotion, Ministry of Tourism, Oman
Salim Al Mamari, director general of tourism promotion, Ministry of Tourism, Oman

The Ministry of Tourism in Oman recently revealed that up to US$35 billion will be invested in the tourism industry over the next 25 years.

Up to 80% of that investment will come from the private sector as the country plans to double number of international visitors Oman attracts to five million as part of its new national 2040 Tourism Strategy.

Tourism officials, led by director general of tourism promotion Salim Al Mamari, conducted serious business deals and trade meetings during the recently concluded Arabian Travel Market (ATM) 2016.

Al Mamari said: “We found unprecedented levels of interest from tourism industry in seeking new partnerships and initiatives with the Ministry. There is also a very encouraging trend of tourism companies, specifically online portals now actively looking to invest in new projects and initiatives across the Sultanate. It was also clear that the innovative ‘cluster’ approach of our 2040 tourism strategy is one that is clearly understood and welcomed by the wider tourism sector that sees how this initiative can deliver developments of a unique nature that cannot be found in other parts of the region.”

Oman’s 2040 strategy has the ambition of ensuring the tourism sector is responsible for six percent of GDP in the future and in 25 years will employ over 500,000 people – with 70% of these jobs filled by Omani nationals.

Oman will also witness significant growth in the hotel sector with over 2000 new hotel rooms opening in 2016 all over the country. By 2020, the country hopes to have 20,000 hotel rooms.

Gary Marshall
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Gary Marshall
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