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Zubair Corp unveils seafront resort project

Zubair Corp unveils seafront resort project

Muscat: The Zubair Corporation yesterday received a 40 million riyal (Dh380 million) loan intended for the 680-room Barr Al Jissah Resort project, officials said.

"We are expecting an over 50 per cent occupancy rate. We hope to break even in the second year of operations at the resort," said Ziyad Al Zubair of Barr Al Jissah Resort Company.

He spoke following the project finance agreement signing ceremony, held at the resort site yesterday.

The 70 million riyal (Dh665 million) seafront resort is expected to receive its first guests by the end of this year.

Rashad Al Zubair, vice-chairman and group president of the Zubair Corporation, thanked the lending banks Gulf International Bank, BankMuscat, HSBC, Arab Bank and Bank of Dhofar for approving the loan for the resort project.

Maqbool Ali Sultan, Oman's Minister of Commerce and Industry, presided over the signing ceremony. Sultan lauded Zubair Group's effort to give Oman a resort that meets international standards.

"The assistance we have provided to this project, with its impressive magnitude and size, represents clear evidence of the government's commitment to the tourism sector. We are dedicated to making tourism a vibrant and vital sector of the economy," Sultan said.

The Omani minister pointed out the Bar Al Jissah Resort was planned and being built to meet the highest international standards.

The Bar Al Jissah resort will set a fine example, one to be emulated by other domestic tourist destinations, Sultan said.

Hong Kong-based Shangri La Hotels and Resorts Group will operate the Bar Al Jissah Resort. It is being built on a 450,000 square metre beachfront site. A spa, health club, swimming pools, and leisure facilities will be housed nearby.

Out of the 70 million riyals (Dh665 million) needed for the project, the Zubair Group has provided 15 million riyals (Dh142.5 million).

The Government of Oman's share is 10 million riyals (Dh95 million). The Government has also extended a soft loan of five million riyals (Dh47.5 million).
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Iran inks gas deal as Omani minister visits

Iran and Oman have signed an agreement on studying an undersea gas pipeline across the Persian Gulf in a project worth $60 billion, managing director of the National Iranian Gas Exports Company (NIGEC) says.

Two separate agreements were signed for studies in the offshore and onshore sections, with Omani Oil Minister Mohammad bin Hamad al-Rumhy visiting Tehran, Alireza Kameli said.

The offshore deal was signed between the Iranian Offshore Engineering and Construction Company (IOEC) and Oman’s Oil Ministry. For the onshore section, an agreement was signed between the Pars Consulting Engineering Company and the Omani side.

The offshore section envisages building a pipeline for 200 kilometers from Kuh-e Mubarak in Iran to Oman’s Sohar port in five months. The onshore section of the pipeline in Iran will be built for another 200 km from Rudan to Kuh-e Mubarak in six months.

The $60 billion deal was concluded during President Hassan Rouhani’s visit to Muscat in 2013 to ship 28 million cubic meters per day of the Iranian gas to Oman for a period of 15 years.

The two countries signed another deal in 2007 to build a liquefied natural gas (LNG) plant in Oman to process the Iranian gas.

Oman has undertaken to pay the entire cost of the pipeline and the related infrastructure, according to Iran’s Minister of Petroleum Bijan Zangeneh.

“Gas exports to Oman and entry into its retail market will make it possible to sell the Iranian natural gas to the region, especially Asian countries,” he has said.

In July, Kameli said the Persian Gulf littoral states are Iran’s top priority for gas exports in the face of requests by European companies.

“Currently, many countries have voiced readiness to invest in our upstream and downstream gas sector and are seriously pushing for imports of the Iranian gas.

“Although we cannot ignore the European gas market, exports to Europe come later in our priorities,” Kameli said.
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Omanis are not really Khaleejis or Bedus of Arabia, they have long history and have more in common with Yemenies, or even Pakistanis/Indians for that matter since it is so close to (Pakistan)

They are much more humble and welcoming in their attitude compared to rude/arrogant khaleeji gulf arabs
Why does Oman look kinda... underdeveloped for a Gulf State? Maybe it's unrealistic to compare with stuff like Dubai, Abu Dhabi, Kuwait City, Riyadh (I hate to admit it but Riyadh has some impressive architecture...)
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Can anyone explain the back story to this motorway bridge? It is situated on the edge of the new Muscat International Airport near to the Hormuz Grand Hotel and the military barracks.

Apparently it has been there for some time.
^^ I'd say metro bridges lol
Any pic of villas in Oman?
Oman reveals plan for launch of budget airline

Oman plans to launch a budget airline in the fourth quarter as the country looks to diversify its economy away from oil.

The country’s aviation regulator has awarded a licence to Muscat National Development and Investment Company (MNDIC), a semi-government entity partially owned by Muscat Municipality, State General Reserve Fund, the country’s top sovereign wealth fund, and other Omani pension funds.

“We are looking at different markets such as the GCC, Central Asia and Africa,” the MNDIC chief executive Khalid bin Hilal Al Yahmadi told The National in a telephone interview.

Mr Al Yahmadi, however, did not disclose the investment or other operational details, saying these are “under study”.

Despite coming late to the game, Oman still anticipates potential for growth, as it anticipates air traffic demand to grow by 40 per cent by 2019. Neighbouring countries such as Saudi Arabia and the UAE have established low-cost airlines – Flynas, flydubai and Air Arabia.

“Based on our studies, fly*dubai showed potential that was not considered. We have potential with Muscat and Salalah’s good location,” said Mr Al Yahmadi.

The budget airline venture is to “fuel economic growth” for Oman. After the slump in oil prices, most Gulf economies that are heavily reliant on oil are now seeking stringent measures to cut costs and expedite their economic diversity plans to sectors such as aviation and tourism.
Oman is the largest non-OPEC oil producer in the Middle East

Oman to speed up gas import plans from Iran post-sanctions

Oman expects speedier completion of a planned pipeline to import natural gas from Iran now that international sanctions against Tehran have been lifted, the energy minister of the Gulf sultanate said on Thursday.

Iran sits on one of the world's largest gas reserves, which Oman has been eyeing as it hopes to feed energy-intensive industries and liquefied natural gas (LNG) export plants.
Crossposting From Calicut International Airport Thread

Oman Transport
Extra Oman Air flight to Calicut in Kerala

scat: Salalah and Calicut, the northern town in the south Indian state of Kerala, will be connected with a daily direct flight by Oman Air from March 27, the airline said.

This is in addition to the service currently operated by Oman Air between Muscat and Calicut.

The three and a half hour flight will depart Salalah at 01.10 hrsand arrive in Calicut at 06.20 hrs. The return flight will leave Calicut at 07.00hrs and arrive in Salalah at 09.15hrs (local time).

The daily service will be operated by a Boeing 737-800. In addition the existing frequencies between Muscat and Calicut have been increased from one daily to twice daily since February this year.

Oman Air is growing its weekly capacity to India with frequencies increasing on five of the airline’s key Indian destinations. Bombay, Delhi and Hyderabad increase from twice daily to three times daily. Calicut increases from once daily to three times daily and Lucknow increases from once daily to twice daily.

The growth in capacity follows the revised flight agreement between the Government of Oman and India in December 2016, when the number of weekly seats was increased to 27,405 seats for both countries, compared to 21,145 seats, an increase of 6,258 seats per week.

Chief Executive Officer of Oman Air, Paul Gregorowitsch, commented: “Oman Air is committed to support the economic development of theDhofar region, which is a key market for us. We are extremely happy to announce this new direct service between Salalah and Calicut. Our valued guests who want to travel between Salalah and Calicut will now enjoy shorter flights as they don’t have to transfer at Muscat airport. We are sure that this route will be received well by the discerning guests.

“More travellers will have the opportunity to enjoy the beauty of Dhofar region’s with cool and refreshing weather, which contrasts sharply with the hot, dry climate to be found elsewhere in the region. In addition, visitors will also be able to make the most of the regions renowned hospitality, ancient culture and awe-inspiring landscapes.”

Oman Air’s most recent expansion consolidates its position at the start of 2017 to continue progress towards becoming a successful, sustainable company of the highest quality: “To Become the Best.”

Air India Express takeoff from Muscat International Airport

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Something just for fun with commentary in Arabic & original sound
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