Business

Accompanying the parties of the Sultanate's 45th National Day, Golden Group of Companies and Taameer Investment SAOC signed an agreement on Monday 9 November 2015 to construct among the largest Hotels chain in alliance with Rotana group in Muscat, Sohar and Salalah.

GGC and Taameer Investment are considered amongst the leading financial investment companies in the Sultanate of Oman. The finalizing ceremony was kept in Jibreen hall at Muscat Intercontinental Hotel under the patronage of HE/ Ahmed bin Nasser Al Mahrazi, Minister of Tourism and in the presence of a host of ministers, heads of state authorities, undersecretaries, a variety of heads of the diplomatic corps in the Sultanate of Oman, Group of leading business people of Omani and GCC business, editors of a number of local newspapers, representatives of media companies, consultants and Chief Executives of many Omani companies.

The signing of this arrangement is the biggest of its kind for a hotel chain in the Sultanate of Oman, targeting the major cities like Muscat, Sohar and Salalah. The job belongs of an enthusiastic strategy of GGC and Taameer Investment SAOC for expansion and creating partnership in hospitality sector with worldwide operators in line with the steady growth seen in the Sultanate over the previous years. The brand-new hotels comprise approximately 1,500 hotel rooms over the next 5 years in these significant cities in various categories of Five, Four and Three Star. This will highly press the speed of tourist advancement in the Sultanate, support and promote the tourism sector, incoming and internal tourist and business services. This is also a strong indication of confidence in Omani hospitality sector by worldwide hotel management business such as the prominent Rotana hotel group and self-confidence of the Omani economic sector represented by GGC and Taameer in the hospitality and hotel sector in the Sultanate.

In this occasion, Sheikh Salim bin Ahmad Al Ghazali, GGC & Taameer Chairman stated: "We enjoy with this strategic alliance and signing the agreement with Rotana Hotel Management Company, which reflects a roadmap for our hotel financial investments in hospitality, tourism and travel industries in the coming stage". Suleiman bin Masood Al Harthi, Taameer CEO stated that: "The building of hotels like the Wave Muscat Hotel and Shaza Salalah Hotel & Spa belongs to GGC & Taameer investing in this industry due to the stable development and quick boost in demand for 3/4/5-star hotels & hotel apartment or condos. Signing the agreement with Rotana accompanies the operation of Salalah International Airport and finishing the main phases in the expansion of Muscat International Airport, which will develop a qualitative leap in the number of air travels pertaining to the Sultanate. This needs doubling house and hotel service." "We made an alliance with one of the most renowned companies in hotel management in the region and this will ensure the greatest and finest levels of quality hotel services under the world brand "Rotana", and we also contracted the very best engineering specialists worldwide to implement these tasks," he included.

"We are pleased to have been opted to handle these five buildings in Oman and I want to thank Golden Group and Taameer Investment for their trust and confidence," stated Nasser Al Nowais, Chairman of Rotana. Oman is among the most varied and picturesque nations in the Arabian Peninsula, blessed with abundant natural beauty and breath-taking landscapes that makes it a leading tourist attraction for tourists. Rotana sees Oman as a vital development market, and with our years of experience and worldwide competence in

hotel management, we are confident we can include value to the hospitality industry in the area and bring a new level of sophistication to the guest experience. Those openings will make a major contribution to the neighborhood by supplying added employment chances for Omani nationals and reinforcing the regional supply chain in assistance of the nation's establishing tourism market. As we remain to perform on our vision of operating 100 hotels by 2020, Rotana anticipates assuming a main role in boosting the hospitality scene in Oman while satisfying the needs of the marketplace," he concluded.

GGC and Taameer Investment are amongst the prominent national companies in financial investment in the Sultanate. Investments vary in the realty, commercial, monetary and service sectors. Because their inception, the 2 companies taken pleasure in steady and rapid growth to end up being among the significant joint and effective business in the Sultanate with the assistance of a dedicated staff and group of consultants.

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