
Qatari Diar, a branch of sovereign wealth fund Qatar Investment Authority, signed a memorandum of understanding to build two 5-star hotels and three boutique hotels as part of three separate mixed-use developments in Oman.
A five-star luxury hotel resort and spa is planned for Ras Al Hadd in Oman’s Sur district, consisting of residential villas, apartments, souks, a marina and villa plots. The project’s value was not cited.The second development also includes a five-star luxury resort hotel and spa as well as residential villas and apartments while the third project includes a yacht club, marina, sports academy and three boutique hotels.