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English news

19-Sep-2019

Omran plans privatisation of hotel portfolio

Omran, the state-owned tourism investment, development and management group, plans to offer part of its expanding portfolio of hospitality assets for private investment in line with the Omani government’s broader privatisation strategy. The move, although still in the preliminary stages, will allow for the private sector to acquire some of these state-owned assets, thereby generating funds that the government could use to invest in other strategic initiatives, according to Peter Walichnowski, the CEO of Omran Group. Omran owns 18 properties with an aggregate room capacity of around 2,400 keys, which include international hotel brands and 2- and 3-star properties operated under the group’s home-grown brand ‘Atana’.