The five-star luxury resort is located in Mirbat, Dhofar Governorate.
The CEO said that there has been a general slowdown in new project awards due to regional political uncertainty and lower oil prices.
MZ & Partners is the design consultant on the project.
The multipurpose project on Delma Island will handle cargo, passenger ferries and fishing vessels.
Al Bateen Beach project to be undertaken in collaboration with private sector.
Oil and gas companies are putting low priority projects on hold.
$500-m mixed use project coming up at Al Bawaba Makkah city also known as Makkah Gate
Winning companies are expected to bring partial financing from their Exim banks.
The public housing authority plans to offer 30,000 new units for sale.
Majlis Grand Mercury Hotel to be managed by Accor Middle East.