BBH withdraws from Al Bustan water park

Oman-based real estate company, BBH Group, has listed the reasons for the delay in the completion of its water park in the Al Bustan area. In the coming days, the company will submit a letter of apology to the government agency that owns the land on which the water park is to be established, stating that they will withdraw from the project due to financial losses as a feasible solution was not reached over the past few years.

BBH said that one of the reasons for this project running behind its schedule is the delay in obtaining licences from the concerned government agencies. “We were shifted to three different locations, which resulted in company incurring both time and financial losses at each site assigned to them. It may be noted that such projects need studies by international companies specialised in such activities.”

The company said that the usufruct contract was signed two and a half years ago, however it was transferred, and another usufruct contract was issued.

BBH was planning to build the first water park in Muscat at Al Bustan near the seafront, spread over 50,000 square metres. The park was expected to offer facilities for recreation and outdoor swimming.

Withdrawal of the company from the project will be a major setback to the tourism sector as the long-term strategies include offering both domestic and international visitors several alternatives for recreation for leisure and entertainment in the country.