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Sun 14 Oct 2012 11:29 AM

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Oman eyes first underwater hotel - report

The contractor behind a similar Dubai deal will announce the location by February

Oman eyes first underwater hotel - report
The shipbuilding arm of Dubai World has announced plans to build a series of underwater hotels in the emirate.

BIG InvestConsult, the Swiss contractor which this summer signed a deal with Dubai-based Drydocks World to build a series of underwater hotels in the emirate, is planning to expand the aquatic hospitality concept to Oman, it was reported.

"In our internal analysis, Oman has been defined as one of those locations where the Water Discus Hotel could be implemented. The project is still in the conceptual stage. However, we have planned to find an exact location within three to four months. Then we will start to develop the project and look for a co-investor," Bogdan Gutkowski, president and CEO of Swiss-based BIG InvestConsult, told the Oman Daily Observer newspaper.

The project will be the first underwater hotel in Oman and follows the announcement in May that BIG InvestConsult had struck a similar deal with Drydocks World, the shipbuilding arm of Dubai World.

According to Drydocks World, as well as providing leisure facilities, the development will also include a laboratory for ocean environment protection and research.

Drydocks World did not provide any details on the cost of the project or a potential completion date.

Drydocks World, part of government-owned holding company Dubai World, is in the process of restructuring US$2.2bn worth of debt.