OMRAN, the Oman Ministry of Tourism’s subsidiary, is charged with developing the commercial tourism/leisure & similar operations in which the government has a stake. Since 2007 the operation has overseen the expansion of its assets from relatively small properties, such as Ras Al Jinz with 14 bedrooms, to today’s substantial portfolio.
This includes the intended Mina Sultan Qaboos Waterfront, upcoming Oman Convention & Exhibition Centre and adjacent urban development Madinat Al Irfan both of which when opened will enjoy a prime location between the Muscat Expressway and Muscat’s International Airport. Others include Jebel Sifah, Salalah Beach and Saraya Bandar Jissah which are substantial leisure projects while the Millennium Resort Mussanah and Crowne Plaza Hotel Duqm are stand-alone hotels.
The intention to substantially increase the contribution of tourism, in all its aspects, to Oman’s economy, has long been the intention of the government. Presumably to support this, there has just been a substantial change within Oman’s management team.
The new CEO, James Wilson centre in this photo, brings 30 years experience into his position, including the Palm Jumeirah in Dubai and other projects in Portugal and South Africa. He is supported by other newcomers, Harry Johnson whose expertise in assets management includes time with Dubai’s Majid Al Futtaim and major hotel chains, Zoltan Kali whose background includes 10 years with KPMG and Oman’s State General Reserve Fund’s hospitality portfolio and finally Elias Moubayed whose expertise is in project development in which he worked in major projects in Lebanon and in the USA.
The team will be reporting to a Board of Directors, including several Omani government ministers. Clearly low oil prices will increase the pressure on OMRAN to perform and create a net contributor to Oman’s economy