Saturday 01 / August / 2026
Muscat: Al Mouj Muscat has attracted OMR880 million in foreign direct investment (FDI) since its launch 20 years ago, while generating more than OMR1 billion in total revenues and contributing OMR878 million to Oman’s gross domestic product (GDP), according to an economic impact study.
The study, prepared by a specialized consultancy to assess the project's economic and social impact, highlighted Al Mouj Muscat’s role in supporting sustainable development, boosting investment, and diversifying Oman’s economy.
Ahmed Al Massan, Acting CEO of Al Mouj Muscat, said the integrated waterfront development has played a significant role in promoting tourism and related industries, while supporting entertainment, sports, and private-sector growth.
He said the project has supported 167 small and medium enterprises (SMEs), with local content reaching 43.6 percent, equivalent to OMR560 million.
Al Mouj Muscat is home to five international hotels, including The St. Regis Al Mouj Muscat Resort, voco Muscat Al Mouj, and Kempinski Hotel Muscat. The Okura Al Mouj Muscat Resort, scheduled to open in 2027, will become the first Japanese-branded resort in Oman.
Al Massan noted that Al Mouj Golf has hosted 11 international tournaments, strengthening the destination’s profile as a regional sports hub. Meanwhile, Al Mouj Marina, with 400 berths, supports marine tourism and entrepreneurship through 31 SMEs specializing in tourism services, alongside waterfront retail, restaurants, and cafés.
He said the project’s diversified business model—covering residential real estate, hospitality, retail, marina facilities, and leisure—has delivered strong long-term financial performance, with shareholder returns reaching 337 percent.
The integrated community is home to residents and investors from more than 90 nationalities. To date, 3,272 residential units have been delivered, housing over 8,000 residents, with the population expected to reach around 19,000 upon full completion of the development.
The project has also created 2,200 direct jobs and 5,738 indirect jobs, while investing OMR1 million in training, education, and capacity-building initiatives. In addition, it has allocated more than OMR6.3 million to corporate social responsibility programmes.
Currently, about 80 percent of the master plan has been completed. Work is underway on the final waterfront residential developments, as well as new commercial, community, entertainment, and retail facilities.
Al Mouj Muscat now attracts approximately 4 million visitors annually, recording an annual visitor growth rate of 38.5 percent, reinforcing its position as one of Oman’s leading tourism, lifestyle, and investment destinations.
