FY 2012 Annual Report - Orascom Development
FY 2012 Annual Report - Orascom Development
FY 2012 Annual Report - Orascom Development
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42 <strong>Orascom</strong> <strong>Development</strong> <strong>2012</strong> <strong>Annual</strong> <strong>Report</strong> 43<br />
AS soDAH ISLAND, OMAN<br />
CITY WALK, OMAN<br />
Developing Destination<br />
Destination in the Pipeline<br />
Story<br />
Located off the southern coast of Oman opposite Salalah Beach,<br />
As Sodah is a secluded island covering a surface area of 11 million<br />
square meters.<br />
Set to be the region’s niche destination, As Sodah Island’s highlight<br />
is planned to be a Cheval Blanc (Group LVMH) managed luxury<br />
boutique hotel. A corresponding management agreement was<br />
signed in 2009. The hotel spans an area of 1 million square meters<br />
and features 32 exclusive pavilions, each having its own private<br />
swimming pool and private access beach. The hotel’s master plan<br />
also includes a main lodge and a spa.<br />
Story<br />
City Walk Muscat is the awaited vibrant Downtown City Complex<br />
serving the cosmopolitan capital city of Oman, Muscat. The master<br />
plan encompasses a modern administrative tower and a luxury<br />
shopping mall. Furthermore, the project plan includes a five star hotel<br />
with a capacity of 270 rooms.<br />
An understanding has been reached between <strong>Orascom</strong><br />
<strong>Development</strong> and the government of Oman in 2007, however no<br />
official land has been allocated to <strong>Orascom</strong> <strong>Development</strong>.
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