SUNDAY
August 21, 2016 17 Dhul Qa’ada 1437 AH
FROM THE WORDS OF HIS MAJESTY THE SULTAN MORNING MINUTE
On the occasion of the 12th National Day, 1982
‘His Majesty’s Wisdom’ We share with our sister Gulf states the keenness to develop our existing co-operation in all spheres. We shall spare no effort in strengthening and supporting our joint efforts for the benefit of our people.
Founded 1975 . Volume 41 No. 152 | 36 Pages . Baisas 200 . Subscription OMR63 | ISO 9001:2008 Certified Company | Chairman/Editor-in-Chief: Mohamed Issa Al Zadjali | Printed & Published by Muscat Media Group
OPERATION OMAN Tourism takeovers signal start of major push to put Oman on the global map
TOP THREE INSIDE STORIES
OMAN
Fundamentals of economy strong
1
The fallout of the oil price slump does not mean Oman’s economy is heading for hard times or that the country is edging closer towards bankruptcy. There are already strong signs of the government embarking on a serious drive to correct fiscal drawbacks. >A2
INDIA
Urjit Patel appointed central bank chief
2
Ending months of speculation, Urjit Patel, a Deputy Governor at the RBI, was named as the next chief of India’s central bank to succeed outspoken Raghuram Rajan, whose tenure was marked with tough measures to control inflation and headline-making statements. Patel has been overseeing the monetary policy at RBI under Rajan. >A8
MARKET Staff Reporter
With new acquisitions and investments, Omran is driving the growth of country’s booming tourism industry
MUSCAT: Oman’s tourism investment arm, Omran, has completed various strategic acquisitions by taking over or receiving shareholdings in 8 firms to drive forward tourism development and investment in the Sultanate.. It has also spent the last six months meeting around 40 investors for its projects, including Mina Sultan Qaboos and Madinat Irfan. Omran Chief Executive Officer James Wilson, in an exclusive
Dhofar archaeological sites attract tourists
interview at Al Mouj, with the Times of Oman, has also revealed that the flagship Sultan Qaboos port redevelopment is moving rapidly to construction start with a number of investors and that currently Omran has at least OMR300 million worth of tourism projects “under construction” across Oman. Eight new companies now form part of Omran’s assets, the government’s tourism and investment arm, as part of a strategic master plan to put Oman - and Omanis on the global tourism map. These
A6
SAFETY FIRST
Nizwa rotten chicken sellers fined, jailed, face deportation Staff Reporter MUSCAT: Rotten chicken sellers in Nizwa have been slapped with a fine of OMR3,500, six months in jail and deportation from Oman, the consumer protection authority tweeted. Last week also, in Buraimi, some expatriates involved in selling rotten chicken were arrested and fined. The preliminary court in Buraimi had slapped OMR7,000 fine, one- month jail and deportation. According to the Public Authority for Consumer Protection (PACP), expatriates involved in the chicken sales didn’t possess an approved card for the same and were running the business in an unhygienic joint. “The offenders were also using fake seals and stickers to sell rotten and expired items,” the PACP added. Salem Al Hashmi, Director of the Department of Consumer Protection in Buraimi said, “The reasons for the increase of this phenomena is due to landlords
renting out farms and rooms to illegal expats and allowing them to conduct such activities without monitoring their activities.” “The department will continue to fight these activities to protect the health and safety of consumers,” he added. The PACP calls on nationals and residents to cooperate and report any illegal or suspicious
activity which could harm the health and safety of the consumer, in any of the channels of the PACP, and warned not to interact with dealers or distributor that do not have proper papers. Recently, the PACP slapped a lifetime deportation, two years in jail and fines of more than OMR80,000 on offenders involved in rotten rice sales in Barka.
Omran Chief Executive Officer James Wilson.
include Marina Bander Rhowda. The group has just taken a 40 per cent stake in the Al Mouj development, known as The Wave, effectively taking over the government’s stake, according to Wilson. The group has also taken over Oman’s Tourism College in an effort to train Omanis to work in the 11 hotels it now runs – including the Crowne Plaza in Salalah – and wants to run a real hotel as part of the “hotel school” where students work in real time alongside senior hotel staff. >A3
Sultanate plans two new water projects
3
Oman’s government plans to build two major independent water desalination plants — one each in Muscat and the North Batinah region—to meet growing demand for potable water in northern region. Different sites are under consideration for a 60 MIGDcapacity project. >B1