Tourexpi
OMRAN Group and TUI suspend implementation of partnership agreement
TUI and OMRAN Group have announced the suspension of
the implementation of their partnership agreement to establish a local
hospitality joint venture. The companies had signed a binding agreement on 18
September 2025 and had since been working on the execution of the project.
OMRAN Group has now informed TUI that the agreed
project timeline, which targeted completion by 31 March 2026, can no longer be
achieved. As a result, both parties have decided to suspend the implementation
of the partnership.
Hotel development and share acquisition affected
The suspension applies to all elements of the planned
cooperation. This includes the intended joint ownership and development of five
new hotels in the Dhofar Governorate in southern Oman.
In addition, OMRAN’s planned acquisition of a 1.4
percent shareholding in TUI will also not proceed as originally scheduled.
Dialogue between partners to continue
Despite the suspension of the project implementation,
both companies emphasised that they will maintain close communication regarding
potential future cooperation.
TUI and OMRAN Group stated that they will continue
their dialogue as partners while evaluating possible next steps.
Image
Credit: © TUI
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