Tourism projects in Oman are facing tough "financial challenges" with around 65 percent of private sector projects failing to get off the ground due to a lack of development funding, the Sultanate’s tourism minister said in a speech.
"Most of the tourism projects are facing financial challenges,” Ahmed bin Nasser Al Mehrzi, Oman’s Minister of Tourism, said at a Ramadan event organised by the Oman Chamber of Commerce and Industry (OCCI).
He said the main challenge was a lack of funding for development, the Times of Oman newspaper said.
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