The first automated carpark system in Oman

Times News Service

Mon Aug 15 2011 08:46:40 GMT+0400 (Arabian Standard time)

MUSCAT: It’s no secret that real estate developers and building owners have been finding it increasingly difficult to meet the parking space requirements of people. But that might become a thing of the past, as automated parking system is all set to make its debut in the Sultanate.

Taking a major stride forward in this direction, North Ocean Enterprises (NOE) has successfully completed the mechanical installation of Hyundai Autocarparking Systems for City Seasons Hotel, Al Khuwair, which will be the first of it kind in the GCC region.

Oman fund takes half of Jurys Inns

Thursday, 7 August 2008 12:04

An investment fund from Oman has bought a 50% interest in the budget hotels chain Jurys Inns. The announcement was made by property investment group Quinlan Private, which bought the business for €1.15 billion last year from the Jurys Doyle group.

Oman Investment Fund is the investment arm of the Sultanate of Oman. Its deputy CEO Hassan Al Nabhani said it was impressed with the quality of the business and its growth potential.

Since Quinlan bought the chain, it has opened three new hotels, bringing the total to 23 in the UK and Ireland. A further 10 are due to open over the next couple of years, while Inns are planned for Prague and Budapest in 2010.

Published in

http://www.rte.ie/business/2008/0807/jurys.html