Oman Arab Bank (OAB) and Oman Tourism Development Company (OMRAN Group) have sealed a strategic partnership to solely finance the upcoming Nikki Beach Resort & Spa Muscat, currently being developed adjoining the Sustainable City – Yiti. This marks the latest landmark project that the bank has financed in the Sultanate of Oman, further supporting the country’s advancement across developmental, economic and sectors.
![Oman Arab Bank & Omran Group logo](https://intlbm.com/wp-content/uploads/2023/09/Oman-Arab-Bank-Omran-Group-logo.png)
Sulaiman Al Harthi, CEO of Oman Arab Bank, said: “We are proud to partner with OMRAN Group to bolster the nation’s hospitality sector. The bank has a proven track record of handling large-scale, complex projects and catalyzing economic diversification efforts that are aligned with the objectives of Oman’s Vision 2040. Economic diversification is vital to stimulate Oman’s sustainable development at a global level and this project represents another step forward on that journey.”
OMRAN Group’s CEO, Hashil Al Mahrouqi, said: “We are excited to be working with Oman Arab Bank (OAB) to see the Nikki Beach Resort & Spa Muscat project through to its successful completion. This resort is part of our continued endeavour to build on the nation’s position as a preferred global destination for tourists. It is a landmark development widely considered to be one of the most significant additions to Oman’s luxury hospitality sector. It will undoubtedly play a vital role in pushing Oman’s tourism sector to reach its full potential, which aligns with OMRAN Group’s commitment to developing exceptional and sustainable destinations.”
![Omran Group](https://intlbm.com/wp-content/uploads/2023/09/Omran-Group.png)
Nikki Beach Resort & Spa Muscat will feature 140 hotel rooms and 30 villas with private pools. Facilities will include the beach club, three signature restaurants, three swimming pools, a spa, gym and marina. Founded in 1998, Nikki Beach is a global concept that combines elements of music, dining, entertainment, fashion, film and art. Its Muscat property will be the latest in a portfolio that currently boasts 11 beach clubs and five hotels and resorts located around the world.