June, 2013 - Sundus Investments Projects LLC, pioneers in mixed-use development in the Middle East, today signed an agreement with Rotana Hotel Management Company, the leading hotel management company in the Middle East and Africa to manage its new project Sundus Arjaan by Rotana.

The agreement comes close on the heels of Sundus Investments� recently concluded alliance with Rotana to manage its first four-star Sundus Rotana Muscat corporate and conference hotel that is taking shape at Airport Heights in Bousher. Scheduled to be completed in two years� time, ground breaking for the USD 40-million projects will commence in July 2013.

The two properties will collectively span approximately 40,000 sq meters and contribute to driving Oman�s ambitious mandate for the tourism sector as outlined in Vision 2020.

Mohammed Mahfood Saad Al Ardhi, Chairman of Sundus Investments Projects LLC, said: �Rotana is the ideal partner to realize our aspirations for the hospitality landscape in Oman. With their experience in hotel management, we are confident of achieving our project goals that will serve to inspire more investors in Muscat to foray into the tourism and hospitality sectors.�

He added: �Our projects in Oman are in line with the overall objective of the National Tourism Development Plan that prioritizes the social and economic development of the Sultanate. It also supports Oman�s Vision 2020 that aims, among other things, to increase the tourism sector�s contribution to the economy by achieving an annual GDP growth of 7.4 per cent and bring in about 12 million tourists annually by 2020. As part of Sundus Investments� commitment to this goal, we are looking at launching a series of hospitality projects in Oman in the short term.� Al Ardhi also added: �In addition to supporting Oman Vision 2020, we are glad that our projects will offer new and interesting employment opportunities to Omani graduates for nearly 250 entry and mid managerial positions.�

Selim El Zyr, President and CEO of Rotana, said: �Oman has always been a targeted market for our group as it has all the essential components to emerge as a leading tourism destination in the region. Sundus Investments� projects complement our expansion plans and offer us an opportunity to consolidate our status in the market with two of our top brands.�

The Omani government has outlined an ambitious reform and development plan in the Sultanate�s Vision 2020. The plan focuses on sectors of the economy that are central to diversifying the country�s revenues and reducing its dependence on oil.

As part of this priority, a large number of projects are being initiated including the development of the country�s two major airports in Muscat and Salalah, the construction of new airports and the general improvement of transportation infrastructure in the country. The port of Muscat is also being developed as a cruise only port to attract an influx of cruise passengers.