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
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.”