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Mon 2 May 2016 03:54 PM

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Omran says firms rush to be part of Souq Al Mina project

Oman Tourism Development Company receives more than 250 applications to secure space at new retail project

Omran says firms rush to be part of Souq Al Mina project

Oman Tourism Development Company (Omran) has said it has received an "enthusiastic response" from companies wanting to set up retail outlets at the Souq Al Mina, the business incubator in the upcoming Mina Sultan Qaboos Waterfront Development.

Due to the high interest shown by interested businesses, Omran said it has extended the deadline and has received more than 250 applications.

"We are thrilled about the volume and the variety of applications received from Omani entrepreneurs," said Fahad Al Hinai, senior development manager at Omran.

A selection committee from Omran is reviewing the applications to shortlist the ideas based on factors such as innovative approach, services offered, creativity, growth and sustainability planning, strength of vision and market potential.

"We are ready with the Souq Al Mina concept. The innovative ideas selected for the project will boost the tourism sector by creating new experiences and values for consumers," Al Hinai said.

The watershed at Souq Al Mina, which will be spread across 3,300 sq m, will celebrate local creativity as well as the country's exquisiteness.

The main objective of the project is to boost the country's tourism services by endorsing talented Omanis and encouraging unique business ideas. The project will embrace 40 retail spaces in an integrated 'society of makers' to provide unique products and services for locals, residents and tourists.

Mina Sultan Qaboos Waterfront is one of Omran's flagship projects and spans 451,000 sq m. It will transform Port Sultan Qaboos into a major tourism-based authentic waterfront destination, which will attract both tourists and residents.

The first phase of the waterfront will be delivered in time for the upcoming global events in the region such as Expo 2020 and the FIFA World Cup 2022.

It will consist of various hospitality, lifestyle, entertainment and cultural zones as well as residential units.

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