Press Release

Muscat, (DATE), 2019: Oman Tourism Development Company (OMRAN), the Sultanate’s executive arm for tourism development recently signed a term financing agreement with Oman Arab Bank (OAB). Under the agreement, OAB will finance OMRAN with a long-term debt for the W Muscat. This agreement is in line with the objective of supporting the Government’s economic diversification efforts and increased focus on

As part of its constant efforts in local development investment, Oman Tourism Development Company (OMRAN), the executive arm of the Sultanate for tourism development, kicked-off today a workshop titled ‘In-Country Value (ICV)’, which aims to reinforce In-Country Value initiatives amongst OMRAN’s Group. The workshop comes in line with OMRAN Group’s efforts to maximise the In-Country Value through its projects and

To ensure high-level efficiency in the delivery of tourism assets and projects across the Sultanate, Oman Tourism Development Company (OMRAN), the executive arm of the Sultanate for tourism development, recently launched its newest electronic project management system (Unifier). The new Oracle system was activated during a ‘Go-Live’ event held at Oman Convention & Exhibition Centre (OCEC) and attended by relevant

Oman Tourism Development Company (Omran)—the Sultanate’s executive arm for tourism development —announced its successful completion of the construction work package of Madinat Al Irfan Theatre as part of the Oman Convention & Exhibition Center (OCEC) project. As part of the soft opening, the Madinat Al Irfan theatre in OCEC has recently hosted regional and international events and has received bookings

Oman Tourism Development Company (OMRAN), the Sultanate’s executive arm for tourism development and the largest developer and owner of hotels in Oman, has appointed Ubhar Capital SAOC (‘U Capital’) as its adviser to study the privatisation of some of its major hotels. OMRAN CEO Peter Walichnowski said: “It’s part of OMRAN’s strategy to support the Government’s privatisation agenda and we

Oman Tourism Development Company (OMRAN), the Sultanate’s executive arm for tourism development, has appointed Mr. Abdullah Al Hosni as Chief Financial Officer (CFO) to lead and direct the effective and efficient management of the finance function at OMRAN Group. Al Hosni joins OMRAN with more than 20 years of diverse experience in Finance and Audit and has held several

As part of its constant efforts to accelerate the development at Madinat Al Irfan, Oman Tourism Development Company (OMRAN), the Sultanate’s executive arm for tourism development, recently announced new investment opportunities at Madinat Al Irfan East. The investment opportunities currently available include OMRAN’s upcoming three-star hotel, Ibis Styles, expected to unlock 282 keys, adjacent to the Oman Convention and Exhibition