News
Al Hafa Waterfront Project To Bring New Souq (Market) To Salalah

The National Development & Investment Company (ASAAS) has announced the commencement of construction works to develop the Al Hafa Waterfront project at the Al Hafa area in the Wilayat of Salalah, Governorate of Dhofar.
With a total area of more than 60,000 square meters, the real estate project will help transform the face of Salalah. ASAAS reports that it has assigned the main contractor to construct a traditional heritage souq (market).
Ahmed Salim Al Busaidi, Chairman of the ASAAS Board, said that the partial operation of the market is expected to be in July 2022, while the full operation will be in 2023.
ASAAS is developing the Al Hafa area with a vital waterfront project in Salalah that aims to become one of the most important landmarks in the Dhofar Governorate and one of the country’s leading tourist attractions.
The new heritage souq with local architectural design elements will be an alternative to the current souq. This area will house many small and medium enterprises (SMEs) besides attracting some international brands to meet the needs of the visitors of this souq.
-
Banking & Finance1 month ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance4 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
OER Magazines1 month ago
OER, June 25
-
Banking & Finance2 months ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
Retail2 months ago
All services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB