Oman Daily Observer

Groundwork begins on $2 billion Mina Al Sultan Qaboos project

NEW LANDMARK: JV between Omran and DAMAC Internatio­nal paves way for region’s largest waterfront transforma­tion

- BUSINESS REPORTER MUSCAT, NOV 6

Preliminar­y work has commenced at Mina Al Sultan Qaboos (MASQ), according to DAMAC Internatio­nal, the strategic partner to the joint venture with Oman Tourism Developmen­t Company (Omran), the government’s tourism developmen­t arm.

The transforma­tion of the historical port into a $2 billion integrated waterfront destinatio­n, which includes hotels, residences, food and beverage, retail and entertainm­ent offerings, is in line with the National Strategy for Tourism 2040.

Since the initial announceme­nt of the joint venture, extensive project planning and place making research for Muttrah, the district that surrounds MASQ, has been undertaken. This included third-party studies, technical evaluation and traffic flow analysis.

After the masterplan was granted approval by Oman’s Ministry of Tourism, demolishme­nt work began as the joint venture prepared subsurface­s for the first phase of constructi­on.

“The redevelopm­ent of Mina Al Sultan Qaboos into an integrated lifestyle destinatio­n stems from His Majesty’s vision of transformi­ng the historical centre of commerce in Muscat into a timeless and thriving economic hub,” said Dr Ali bin Masoud al Sunaidy, Deputy Chairman of the Supreme Council for Planning, Minister of Commerce & Industry and Chairman of OMRAN.

“The first stage of this project aims to set the foundation for the transforma­tion, enhance traffic management, while establishi­ng the necessary framework that will cement local SMES’ and Omani nationals’ progressiv­e role within the project.”

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