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Oman
Airports Signs Strategic MoU to Identify Land Development Opportunities
Muscat,
13 Jul (ONA) — Oman Airports signed a Memorandum of Understanding (MoU) with
WCT International Sdn Bhd to explore and develop strategic investment opportunities
across lands surrounding Muscat International Airport City.
The
move comes as part of Oman Air’s ongoing efforts to support economic growth and
tourism development in the Sultanate of Oman.
The
MoU marks the beginning of a strategic collaboration aimed at developing a
comprehensive master plan for the area. The initiative will focus on enhancing
the commercial and leisure appeal of the airport city through the development
of hospitality venues, entertainment spaces, interactive experiences, and other
mixed-use services.
The
collaboration also includes workshops and planning sessions with Oman Airports’
stakeholders to ensure optimal land utilization and value creation. Both
parties aim to maximize investment returns and create long-term value through
joint projects and real estate ventures.
This
initiative underscores Oman Airports’ strategic role in supporting Oman Vision
2040, strengthening Oman’s position as a regional aviation and integrated
development hub.
—-Ends/AG
