Omran, a master development and tourism company in Oman, will present $1 billion worth of investment opportunities in the country’s tourism and real estate infrastructure at an upcoming forum in Muscat, Oman, a report said.

Titled “Oman — A Bridge Between Asia and The GCC” and organised by the Ministry of Commerce and Industry and the Al-Iktissad Wal-Aamal Group, the Oman Economic Forum will be held on March 23 and 24, reported Oman Observer.

Omran will present the opportunities to 500 investors attending the event, in addition to delegates from 100 global sovereign investment funds in the Co-Investment Roundtable of Sovereign and Pension Funds (CROSAPF) conference being held alongside the forum, the report said.

There will also be delegations from China, Japan, Iran, Turkey and other Asian countries.

Omran will spotlight investment opportunities in Madinat Al Irfan Urban City located next to Muscat International Airport.  Opportunities will include commercial and office buildings, retail malls, district cooling plants, hotel plots, recreational and civic facilities along with residential and hotel developments, the report said.

“This forum will be a good platform to discuss the sultanate’s plan for economic diversification and investment opportunities across various sectors. It is a key indicator of how Omran, in line with the government’s Ninth Five-Year Plan and its national tourism strategy, is working closely with the private sector to develop unique tourist and real estate destinations and innovative urban communities,” Salah Al Ghazali, chief investment officer, Omran, was quoted as saying in the report.

“Omran will showcase business opportunities for the Mina Sultan Qaboos Waterfront to the audience. Our investment team will be fully present to actively engage with prospective investors,” Al Ghazali added.

The forum will address some key topics such as Oman’s economic outlook, key investment projects in Oman, financial strategies for the future, the importance of economic zones and logistic cities as economic growth catalysts and attracting overseas investments particularly from Asia and Iran.