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Omran Mina Al Sultan Qaboos Waterfront Development Oman - Project Profile

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Synopsis


"Omran Mina Al Sultan Qaboos Waterfront Development Oman - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Omran Mina Al Sultan Qaboos Waterfront Development Oman - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


Oman Tourism Development Company (Omran) is undertaking the construction of a mixed-use community in Muscat, Oman.

The project involves the construction of a mixed-use community on 101ha of land. It will be developed in four phases.

The first phase includes the construction of a five-star marina hotel, a four-star family hotel, apartments, restaurants and cafes, boutiques office space and leisure and entertainment facilities. The value of the first phase is US$390 million.

The second phase includes the construction of a five-star hotel, four-star hotels, multi-use conference facilities, a healthcare center, a sports club and apartments.

The third phase includes the construction of a boutique hotel, branded residential apartments and retail and hospitality facilities, and the fourth phase includes the construction of a budget hotel, logistics zones, an integrated healthcare facility and employee accommodation zone.

The project also includes the construction of a 197,000m2 parking garage with 6,000 spaces, a town center and related facilities.

In 2015, Omran finalized the master plan of the project.

In January 2016, the project received expressions of interest (EoI) from leading global hotel operators to manage the waterfront hotels.

Foster and Partners and Hoehler Alsalmy have been appointed as the architectural consultants for the project.

Omran expects to secure funds for the project by July 2016.

In March 2016, Omran has called for applications from small and medium businesses to invest retail outlets at the site.

In June 2016, Omran has evaluated the business proposals of 180 local firms out of 260 who originally applied.

In November 2016, Omran launched the first phase of the project and is planning to establish a new company to develop the project. 51% of the stake will be owned by the Omran and the remaining 49% will be taken up by pension and investment funds, together with private sector investors.

In June 2017, Damac Properties was awarded for US$1000 million as construction contractor for the project.

Scope


The Mina Sultan Qaboos Waterfront project involves the construction of a mixed-use community on 101ha of land in Muscat, Oman.

The US$1,300 million project includes the following:

1. Construction of a town center
3. Construction of employment, recreational and sporting facilities
4. Construction of commercial space
5. Development of open spaces and parks
6. Construction of 6,000 parking spaces and related facilities

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

Identify key project contacts.


.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
0.Key Contacts
.General News, Project News
2.Appendix


List Of Tables


.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
0.Key Contacts
.General News, Project News
2.Appendix


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Reports Details

Published Date : Jun 2017
No. of Pages :7
Country :Oman
Category :Construction
Publisher :Timetric
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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