Muriya, the partnership between Orascom Development and Oman Tourism Development Company (OMRAN Group), now reports cumulative investment of more than US$750 million across three Omani destinations: Hawana Salalah, Jebel Sifah and As Sodah Island. Company statements confirm this figure. It places Muriya among the most committed private developers active in Oman’s tourism sector today.
At Hawana Salalah, the Amazi project’s first phase is close to 80 per cent complete. Handover is on track for the first quarter of 2027, per Orascom and Muriya disclosures. The Lubana Islands project is also in the pipeline at the same destination. Meanwhile, new phases are advancing at Jebel Sifah. Together, the two integrated tourism complexes already host more than 1,000 hotel rooms. Properties include Salalah Rotana Resort, Fanar Hotel and Residences, and Juweira Boutique Hotel.
The planned addition of roughly 1,000 rooms would nearly double that existing capacity. For institutional investors, the scale signals confidence in sustained demand for mid- to upper-tier resort accommodation. It also reflects a belief that Oman can grow visitor numbers well beyond the seasonal Khareef peak in Dhofar.
Why the As Sodah Island Funding Model Stands Out
Alongside the hotel pipeline, Muriya is advancing As Sodah Island off Dhofar’s coast. The company positions it as a private island destination within its Omani portfolio. More than US$25 million has already been deployed in infrastructure and construction, according to company communications. At least US$65 million in additional capital is expected. Total island-related investment would therefore exceed US$90 million.
The funding structure is as notable as the headline figure. Muriya has confirmed that construction is progressing on shareholder capital and institutional backing. The project does not depend on off-plan property sales to advance. As a result, the build-out carries lower exposure to pre-sales cycles. It can move ahead even if regional buyer sentiment softens.
Samih Sawiris, founder and chairman of Orascom Development, has described the company’s Oman commitment as long-term. Muriya’s chief executive has stressed that all three destinations — Salalah, Sifah and As Sodah — continue to advance on schedule. The strategic message is consistent: this is patient capital backing integrated destinations, not short-cycle speculative development.
What Does This Mean for Oman’s Diversification Agenda?
Muriya’s portfolio is evolving into a scale platform. Integrated resort towns and a private island together represent a long-duration bet on tourism as a core economic engine. The expansion aligns directly with Oman’s broader diversification drive, which targets a material increase in tourism’s share of GDP.
In Dhofar, the new hotel pipeline should help broaden Salalah’s appeal beyond the Khareef season. Year-round visitation would smooth earnings profiles for operators and asset owners alike. That is a structurally attractive outcome for any investor underwriting resort exposure in the region.
As Muriya executes its growth plan, institutional investors and sovereign funds will watch two signals closely: how quickly the new rooms are absorbed at Hawana Salalah and Jebel Sifah, and whether As Sodah’s private island model can command the premium rates needed to justify its US$90 million-plus capital base.
Quick answers
Muriya reports cumulative investment of more than US$750 million across Hawana Salalah, Jebel Sifah and As Sodah Island, according to company statements.
Muriya plans to add roughly 1,000 new hotel rooms across Hawana Salalah and Jebel Sifah, nearly doubling its existing capacity of more than 1,000 rooms.
As Sodah Island is being funded through shareholder capital and institutional backing, without reliance on off-plan property sales. Total investment is expected to exceed US$90 million.
