Oman’s Ministry of Heritage and Tourism has signed an agreement with Oman Tourism Development Company (Omran Group) to develop an integrated tourism complex in the Al Bustan area of Muscat, with an investment of US $390mn.

 The agreement was signed by Sayyid Al Busaidi, Minister of Heritage and Tourism, and Ayad Al Balushi, CEO of Omran Group, marking a key step in advancing Oman’s tourism infrastructure. Spanning 138,000sqm, the project is expected to be completed within 4-years, according to Oman News Agency.

The minister highlighted the strategic importance of the development, noting its central location within the Muscat Governorate and its role in strengthening the region’s tourism offering. He added that the project has been designed in harmony with Muscat’s mountainous terrain, with a marina set to become a defining feature that will support yacht tourism.

Planned as a fully integrated destination, the development will be operated by Four Seasons. It will include a 200 room luxury hotel, 91 branded freehold residential units, a marina and yacht club, as well as a selection of restaurants, retail outlets, and service facilities supported by advanced infrastructure.

The agreement underscores the ministry’s commitment to enhancing tourism sector infrastructure, boosting in-country value (ICV), and creating employment opportunities for Omani nationals, in line with the goals of Oman Vision 2040.