Wsl Investment to construct hotel, commercial centre in Duqm
Dec 6: The Special Economic Zone in Duqm awarded the usufruct rights to Wsl Investment and Development Co, to construct a hotel and a commercial centre denominated “Duqm Mall and Hotel” with a total investment of almost RO 4 million.
The agreement was signed by Yahya bin Said bin Abdullah al Jabri, Chairman of Duqm Special Economic Zone Authority (SEZAD) and Sayyid. Abdullah bin Badr Al Busaidy, Chief Executive Office of the company.
The signing of this agreement comes as a part of the Authority’s plan to encourage Omani local companies to invest in the Special Economic Zone in Duqm and benefit from the available opportunities, incentives and facilities offered by the Authority to the investors. It also comes as a part of the Authority’s plan to develop the Zone with the aim of transforming it to an ideal location to live and work.
The Duqm Mall will consist of a hypermarket, an integrated playing area, bowling alley, international restaurants and other facilities, most importantly a park in the mall’s centre which will be constructed in a way to permit the visitor to enjoy the atmosphere of Duqm. The Duqm Hotel will be designed a modern way that will reflect
vision of Wsl Investment and in the Development Company to establish touristic facilities characterised by their elegance, simplicity and sophistication. The 4-stars to be hotel will consist of 323 room and suit, in addition to restaurants, international commercial brands, a swimming pool, a gym and many other facilities.
The project will be constructed in the modern city centre in the Wilayat of Duqm over an area of almost 10 thousand square metres. It will create 100 job opportunity and it is expected to be operational in 2019.
Wsl Investment and Development Company expressed its happiness for signing the usufruct agreement with the Duqm Special Economic Zone Authority, pointing out that it is looking forward to be among the first Omani companies that contribute to the making of the new future of Duqm.
The company declared in a press release that it shares the vision of Duqm Special Economic Zone Authority to attract local and international investment which will transform the zone in one of the most visited international destinations by tourists and investors, explaining that it ensures to attract a number of international commercial brands to offer their products and services within the new project. Wsl Investment and Development Company is one of the Omani companies working in the touristic and real estate sector.