Blue City project

A multi-billion-dollar tourism project by far the biggest of its kind undertaken in the
country's history, is expected to bring in more than two million tourists annually.

'The Blue City' is located at Al Sawadi, some 100 kilometres northwest of capital
Muscat can be reached in just 30 minutes from the international airport. The mega
scheme, launched in June, will be completed in several phases over a 15-year
period. When completed, the development will accommodate 250,000 people,
creating a new community, meeting all the needs of its residents that will include
education, health, communications, shopping and entertainment facilities.
Phase one will cover 5.5 sq. km and will involve three five-star hotels each with
some 200 rooms, one golf resort hotel within a double 18-hole championship golf
course and a tourist village with a contemporary Arabian souq and nearly 1,000
apartment units and a heritage museum.

The Wave project

The Wave, Oman’s huge tourism and beachfront residential development, has been
oversubscribed by nearly 20 times.

An integrated waterfront development, The Wave, Muscat is a joint venture

comprising Oman’s Waterfront Investments, which includes the Government of
Oman, the National Investment Funds Company, which represents the Omani
Pension Funds and State General Reserve Funds, and the UAE’s Majid Al Futtaim
Investments. The first residential sales will include waterfront villas, garden villas
and townhouses.

The Wave Muscat will be one of the very first projects in Oman that will be entitled to
offer full freehold property rights to all buyers. This unique opportunity has been
made possible by the passing of a Ministerial Decree with royal assent in November
2004, which allows foreign nationals to own real estate within government-
recognized tourism projects.
The government is currently finalizing the regulations and zones within which the
new law will apply. Once decreed, the new law will permit freehold ownership of
residential property by all foreign nationals, including full rights of inheritance and
residency status for landowners and their immediate family members.
This is great news for the large number of expatriates who have long enjoyed the
lifestyle in the Sultanate. The Wave, Muscat will share this opportunity and present
to nationals and expatriates alike, a chance to own some of the finest beachfront real
estate in the heart of the country’s capital.

Barr Al Jissah Resort and Spa

The $207 million Barr Al Jissah Resort and Spa, Oman's first integrated tourism
project of the country has not only taken a key step forward in its ambition to claim
a prominent position on the world holiday map, but also, in one stroke, helped
overcome a lingering hitch — shortage of luxury tourist accommodation. The
amazingly beautiful exclusive resort, which boasts one six-star and two five-star
hotels, has just presented a total of 680 rooms and suites to the Sultanate's
bourgeoning hospitality industry, more than doubling the count of luxury hotel rooms
in capital Muscat.

The resort, whose unique design is based on Omani, Arab and Islamic architectural
heritage. The property, a 60:40 joint venture between TZC and the government, and
justifiably claimed by its developers as “a pioneering step in promoting Oman as a
prime and distinct international tourist destination”, consists of three completely
different and separate hotels. While the ‘Al Waha’ (302 rooms and suites) projects
the features of Omani towns and villages, the family-oriented ‘Al Bandar’ (198 rooms
and suites) reflects the architectural beauty of Muscat and Muttrah, especially the
sea-front of Muttrah.

The six-star ‘Al Husn’, said to be Oman's most luxurious hotel that boasts 180 rooms
and suites and offers highly personalised service to guests, manifests in its exterior
the shape of the country's castles and forts, and its interiors a combination of Arab
and Islamic architecture characterised by details and beautiful colours.

All rooms in the three hotels are sea facing and overlook a total of 580 metres of
beach area. The CHI Spa Village facilities will include a spa — with eight large and
four single private villas, three fresh water swimming pools with a total of 6,000
square metres of water, two of them inter-connected with a unique ‘lazy river’ and
19 food and beverage outlets, including six main restaurants, seven casual dining
outlets, three lobby lounges and a nightclub. It will also have extensive conference
facilities, four tennis courts, a heritage village and a host of water sports, including
dolphin and whale watching.

First private Omani tourism complex project announced Naseem A’Sabaa to

generate $ 2.5bn income

MUSCAT — A Malaysian real estate developer and an Omani landowner have

signed a joint venture to build an integrated Tourism Complex (ITC) called
Naseem A'Sabaa. Officials of the two companies, namely Bandar Raya
Developments Berhad (BRDB), Malaysia, and Amouage Hotels and Resorts
LLC, said the Naseem A’Sabaa would be built on a 400,000 square metre area
in Al Athaiba. This is way above the smallest size (200,000 square metres)
allowed for an ITC project in Oman.

Muhammad al Khaldi, Chairman, Amouage Hotels and Resorts, said the

project is expected to generate sales worth $2.5 billion and will be up and
running in the next five years. The joint venture has been concluded following
almost two years of negotiations. Naseem A’Sabaa is a beachfront ITC project
hardly 10 minutes from the airport neighbouring The Wave project. It will have
residential villas, condominiums, two five-star hotels, a marina, marina
apartments and commercial blocks.

The Naseem A’Sabaa project will be designed to target Omanis, Gulf nationals
and a select group of Europeans, Dato Jagan Sabapathy, Chief Executive
Officer, BRDB, told the Observer in response to a question. Sabapathy said the
project is of great economic significance to Oman as it will a go a long way in
creating new economic opportunities. Preliminary planning for the project has
just begun.

Dato Muhammad Zamri, Ambassador of Malaysia, underlined the project’s

importance, saying it is set to be a unique one and quite different from the
existing ITC projects in the Sultanate. Radiance International LLC, an
investment procurement and real estate projects company, played a key role in
bringing the Omani and Malaysian sides on a common platform for concluding
the joint venture.

Sayyid Khalfan bin Taimur al Said, Chairman, Radiance, said: “BRDB is one
of the leading top five developers from Malaysia and Amouage Hotels and
Resorts is the first private Omani company to go in for an ITC project, where
non-Omanis are allowed to own land and property.” Amouage’s vision is to
develop a unique complex, which blends the architecture of Oman and Asia
and is an asset for Oman.

Yenkit Tourism Development LLC Announces USD 2 Billion Tourism Project in Muscat
Dubai, June 24, 2007: Yenkit Tourism Development LLC has announced its intention to
develop a USD 2 billion luxury Integrated Tourist Resort Complex located southeast of Muscat
on Oman’s eastern coastline. Yenkit Tourism Development is company consisting of a group of
private Omani investors and the Majid Al Futtaim Group, one of the regions most pre-eminent
property developers, in order to plan, develop and manage this signature 5 star complex.

The 950 hectare Yenkit master planned community will be developed along the country’s
eastern coastline and is located just 20 kilometers to the southeast of Muscat. The project will
be an ‘Integrated Tourism Complex’ project as designated by the Oman Ministry of Tourism,
and will consist of four 5 star hotels with approximately 900 rooms, an 18 hole international
golf course; a wide range of tourist facilities, including sports and leisure facilities, a resort
village, nature reserve and visitors centre, beach club, heritage and craft centre and major
open spaces; 1400 residential villas and up to 1900 residential apartments and townhouses.
The site has been both recognized and planned as a high end environmentally sensitive
tourism and investment project specifically designed to reflect the natural form of the land
Approval of the Master Plan has been granted and development is expected to commence in
early 2008, subject to finalization of agreements with the Omani Government.

“Oman has enormous potential with visitors coming to indulge in the natural splendour of the
country and with Middle East residents looking for sound investment options. We are certain
that the fully integrated Yenkit Development with its stunning location and diverse product
offerings will be a flagship project for the country and the region,” said Hakim bin Magid bin
Soud Al Maameri, Chairman of Yenkit Tourism Development LLC.

“We are delighted to be part of this prestigious development that has great potential. Along
with The Wave master planned community in Muscat and Muscat City Centre shopping mall,
the Yenkit project provides us with the opportunity to further consolidate Majid Al Futtaim
Group’s reputation as one of Oman’s and the region’s leading developers of signature
projects,” said Jeffery Rossely, CEO of MAF Developments.

The Yenkit project will be a flagship development for potential investors, tourists, Omanis and
international visitors. The project responds to a major initiative of the Omani government to
create a world class tourism corridor, stretching down the scenic coast between Muscat and
Sur to the south. The location has been identified as an international destination within which
significant tourism facilities and attractions will create a world class development.

A team of internationally renowned consultants are involved in master planning, architecture,

landscape, engineering and project realization of the Yenkit lifestyle resort. The resort’s design
theme is based on a number of key elements which build on the distinctive locality and
illustrious history of Oman.

About Majid Al Futtaim Group:

Majid Al Futtaim Group LLC. is the region's most prominent developer of large consumer
focused enterprises. The Group opened the first shopping mall in 1995 and has since created
businesses of international significance which have changed the face of shopping,
entertainment and leisure in the Middle East and North Africa (MENA).
The Group consists of four major operating subsidiaries including: MAF Properties LLC. (MAF
Hospitality, MAF Shopping Malls, MAF Developments, MAF Investment), MAF Trust LLC.(MAF
ORIX), MAF Retail LLC. (MAF Hypermarkets) and MAF Ventures LLC. (MAF Fashion, MAF
Dalkia, MAF Greater Union)

For additional information of the Majid Al Futtaim Group kindly visit: www.majidalfuttaim.com

Oman's Ominvest plans $1bn tourist resort

By Saleh al Shaibany
 • Wednesday, 17 March 2010 9:38 PM

Oman's Ominvest is planning to build a $1 billion tourism resort in the southern

port city of Salalah, the company's chairman said on Wednesday.

Talking to Reuters at the sidelines of an investment forum, Hani Al Zubair said: "The
integrated tourist complex will have four hotels and housing units which will be offered
for sale to both local and international investors."

Without giving details of the project's funding, Zubair added: "The cost will be $1
billion."

The construction of the resort will start in late 2010 or early next year and it would be
built in three phases, he said.

Zubair said: "We are building a complete town that caters to both local and international
visitors."

Other resort developments in Oman include the Wave, Barr Al Jissah and Muriya.
(Reuters)

Jnot, Blatuz - Oman, Kuwaiti Company Developing Integrated Tourist Resorts

- Gamal Ragay
Sunday, 31 October 2010 20:09
Oman (Muscat) - The Tourism Ministry and the United Real Estate Company (Kuwaiti public joint stock
Company) signed at the Ministry's building today usufruct contract for development of integrated tourist
resorts that include tourist and residential facilities in the Wilayat at Shaleem and the Al-Halaniyat Islands
(Niyabat Al Shuwamiyah) under the trade names (Jnot) and (Blatuz).

Dr. Rajiha bint Abdulamir bin Ali, Tourism Minister said that signing these agreements comes to complement
the Ministry's role in developing and promoting tourism in the Sultanate, as well as, continue providing high
and elevated tourist facilities for all members of society in different regions in the Sultanate in order to attract
a greater number of tourists within and outside the Sultanate and the continuous keenness to put Oman on
the world tourism map.

She also added that the Ministry, in cooperation with the private sector, has implemented a number of
tourism projects in the Governorate of Dhofar, most importantly (Salalah Beach Resort) which is expected to
open its first phase during the first half of 2011, in addition to, the project of the (Commercial Tourism
Complex) which is implemented by United Real Estate Company, (Sawdah Resort) which is expected to be
completed in 2011 and (Al Baleed Tourist Resort) which is expected to begin its implementation by the
beginning of the next year, as well as, the development agreement of Aftelqyat Resort Project, which will be
signed with one of the investment companies during the coming months.

Dr. Rajiha expressed her hope that these projects will contribute to the development of the tourism sector in
the Dhofar Governorate, provide job opportunities for citizens and stimulate the economic situation in the
Governorate and the Sultanate in general, affirming the Ministry's keenness to develop and promote the
local tourist sites and ensure provision of basic services.

The projects total area is two million of square meters upon which each one will contain beach hotels, villas,
chalets, a full range of support services, recreational and special services for diving, fishing and marine
sports.

It is worth mentioning that the first cooperation between the Tourism Ministry and the United Real Estate
Company was during the usufruct contract of the tourist complex in Salalah under the brand name (Salalah
World), which is expected to be completed and opened during the third quarter of the next year. The project
is an integrated commercial complex includes a shopping center, movie theaters, galleries, games and
hypermarket, in addition to, a big hotel.
(ONA)