Moving Forward in Oman: Orascom, Samih Sawiris and Muriya Keep Building
2.9.2026 13:13:00 CEST | Business Wire | Press release
Orascom and Muriya press ahead across Hawana Salalah, Jebel Sifah and the US$90M+ As Sodah Island, signalling long-term conviction in Oman’s future, in step with Vision 2040.
Across Oman, Orascom Development and its Sultanate platform, Muriya, are moving forward. While parts of the region grow cautious, Muriya has paused nothing, building and delivering across all three destinations: Hawana Salalah, Jebel Sifah and As Sodah Island.
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Moving Forward in Oman: Orascom, Samih Sawiris and Muriya Keep Building (Photo: AETOSWire)
The same steadiness runs through everything Samih Sawiris and Orascom have built, from El Gouna to Andermatt to Mamula Island: identifying extraordinary places and developing them for the long term.
“Oman has everything we look for as a long-term developer: stability, natural beauty, and a clear direction for its future. Our continued investment across all three destinations reflects that conviction — we build for decades, and Oman is a country we intend to grow with in all circumstances.” — Naguib S. Sawiris, Chairman of Orascom Development
At Hawana Salalah, Amazi’s first phase is close to 80% complete, on track for handover in Q1 2027, with Lubana Islands in the pipeline. At Jebel Sifah, new phases are advancing, and across both destinations Muriya plans around 1,000 additional hotel rooms within three to five years. In total, Muriya, the Orascom Development and OMRAN partnership, has invested more than US$750 million in Oman.
The most ambitious step is As Sodah Island, a private-island destination off Dhofar. More than US$25 million has been invested in infrastructure and construction, with US$65 million or more anticipated, taking total investment beyond US$90 million. Backed by shareholder capital and institutional support rather than off-plan sales, construction is progressing.
“We have not paused a single project in Oman. We are long-term believers in this country, and our continued investment across Salalah, Sifah and As Sodah reflects real confidence in its future. Orascom investing in Oman currently is good for the country.” — Eng. Ashraf Nessim, CEO, Muriya Tourism Development
Under Oman Vision 2040, tourism anchors economic diversification, and investment attracts visitors, creates jobs and draws capital into the Sultanate. When a developer of Orascom’s standing keeps building, the market takes note.
About Muriya
Muriya is a leading integrated tourism real estate developer in Oman, a partnership between Orascom Development and OMRAN. Its destinations include Hawana Salalah, Jebel Sifah and As Sodah Island.
*Source: AETOSWire
View source version on businesswire.com: https://www.businesswire.com/news/home/20260902781576/en/
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