Oman pension fund plans building to diversify investment, boost tourism

Muscat: A detailed plan for a multi-purpose investment building in Ghala area in the Muscat Governorate has been initiated by the Civil Service Employees Pension Fund (CSEPF).
The building comes with the initiatives made by the Fund to diversify its investments and develop the tourism sector in the Sultanate.
The project includes four-star hotel, serviced and hotel apartments, shopping areas, food corners, fully serviced office spaces and retail outlets.
The building, which stretches over 146,962 square meters includes a ground floor dedicated for shops, four floors for offices, five floors for serviced and hotel room and three basements for car parking.
The hotel, which stretches over 3,782 square meters includes 247 rooms and suites, 50 deluxe apartments, food corners for international restaurant, rooms for meeting, conferences and events and a health club.
Movenpick, a renewed hotel operator, has been selected to be the operator for this hotel.
The hotel will be also the first hotel to be operated by the company in the Sultanate.
The project provides 3,897 square meters for international outlets and brands, in addition to restaurants and coffee shops.