The Sultanate of Oman will see many new start-up concepts setting up their retail outlets at the Souq Al Mina, the business incubator in the upcoming Mina Sultan Qaboos Waterfront Development, confirms the Oman Tourism Development Company (Omran).
Due to the high interest shown by interested businesses, Omran said it has extended the deadline and has received more than 250 applications.
Commenting on the enthusiastic response and receipt of more than 250 applications, Fahad Al Hinai, senior development manager at Omran, says, “We are thrilled about the volume and the variety of applications received from Omani entrepreneurs.”
A selection committee from Omran is reviewing the applications to shortlist the ideas based on factors such as innovative approach, services offered, creativity, growth and sustainability planning, strength of vision and market potential.
“We are ready with the Souq Al Mina concept. The innovative ideas selected for the project will also boost the tourism sector by creating new experiences and values for consumers,” Al Hinai adds.
The watershed at Souq Al Mina, to be spread across 3,300 sqm, will celebrate local creativity and the country’s exquisiteness. The main objective of the project is to boost the country’s tourism services by endorsing talented Omanis and encouraging unique business ideas. The project will embrace 40 retail spaces in an integrated ‘society of makers’ to offer unique products and services for locals, residents and tourists.
Mina Sultan Qaboos Waterfront is one of Omran’s flagship projects spanning 451,000 sqm. It will transform the Port Sultan Qaboos into a major tourism-based authentic waterfront destination, which will attract both tourists and residents. The first phase of the waterfront will be delivered in time for the upcoming global events in the region such as Expo 2020 and the FIFA World Cup 2022. It will consist of various hospitality, lifestyle, entertainment and cultural zones as well as residential units.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
/ 
For decades, Haldiram’s built deep recall across the UAE through its packaged
When House of Habanero opened its first physical location at Alserkal Avenue
Union Coop has completed a significant expansion of its Hatta Souq branch,
Saudi Arabia is set to welcome U.S. food exporters this week, as
Majid Al Futtaim has officially entered the discount retail segment with the
As convenience increasingly becomes currency in the region’s grocery landscape, Union Coop
As wellness becomes a lifestyle in the UAE, the grocery aisle is
Grandiose, one of the leading grocery retailers in the UAE with a
With shifting consumer behaviour, rising cost pressures, regulatory changes, and rapid digitization,
Union Coop’s blend of retail expansion, digital innovation, and community focus is
Abu Dhabi-based MAIR Group has marked a pivotal stage in its transformation
In a move that blurs the line between shopping and investing, Apparel
/ 
An evening where global retail leadership met Saudi Arabia’s rising influence in
Under the patronage of His Royal Highness Prince Saud bin Mishaal bin
Alandalus Property Company is one of Saudi Arabia’s leading real estate investment
Red Sea Markets Company unveils a transformative evolution to Red Sea Mall,
The Point represents a strategic partnership between the Red Sea Markets For
Azad Properties, a leading real estate developer in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with the National Housing Company (NHC).
In an era where digital transformation is pivotal, shopping malls are not
This panel discussion at MRF 2024 explored the evolution of retail spaces,
An exclusive piece contributed By Oliver Morgan, Partner, Real Estate Development &
In the bustling retail environments, where shopping malls are not just places
Previous Article
