The projects will be located at Qurum in Muscat, Salalah, Sifah and Al-Soda. The Qurum scheme covers a 250-room luxury hotel, a 35,000-square-metre mall, a six-screen cinema, and office and retail outlets. In Salalah, the JV will develop a resort with five hotels, a marina and an 18-hole golf course while in Sifah, Muriya will build four hotels and a golf course. At Al-Soda Island, a luxury resort is planned.

The government also has a stake in Oman’s flagship tourism project, The Wave, in which Dubai-based Majid al-Futtaim Investments is a 50 per cent shareholder. A tender is due to be issued for site preparation work on the estimated $1,000 million project near Seeb.