| Country |
: |
Oman |
| Project Value |
: |
USD 1,500,000,000 |
| Sector |
: |
Real Estate | Mixed Development |
|
Consultant |
: |
Al Qurum Properties
(Design) |
| Profile Type |
: |
Standalone Project
|
|
| Cancelled
|
Last Activity:
Construction - Bid Evaluation
|
|
Initial Completion: Q3 2012
|
|
|
|
| Background |
Al Qurum Properties (AQPL) plans to develop Qaryat Qurum, a mixed use development located in Qurum, Muscat.
The project will cover an area of 500,000 sq.m. and will include residential units, retail outlets, commercial space, and a hotel divided between 2 main components: The Main Center and Hilltop Residences.
AQPL is the design consultant. |
| Latest Events |
In Q4 2011, the project was cancelled.
In Q3 2012, the project was initially expected to be completed. |
| Previous Events |
In September 2011, the project was still on hold and no expected date to resume work was yet revealed.
In Q4 2009, the project was put on hold.
In late April 2009, the main construction contract was expected to be awarded to Douglas Engineering, but the project was delayed.
In Q1 2009, the bids for the main construction contract were submitted.
In November 2008, the project was launched.
In September 2008, the agreement was signed by Oman Holdings International CompanyOman Holdings International Company (OHI) and ETA Star Property DevelopersETA Star Property Developers to develop the project. |
| Scope of Work |
Construction of a 500,000 sq. m. mixed use development including:
The Main Center, which involves:
- A retail area
- Commercial towers
- A 150-room business hotel
- Serviced apartments
Hilltop Residences, which include 13 residential towers |
| Project News |
|
|
| Schedule | Contract Phase/Phase | Description |
| Sep 2008 |
Planning | Agreement signed by OHI and ETA Star
|
| Nov 2008 |
Announcement | Project launched
|
| Q1 2009 |
Construction | Bids for the main construction submitted
|
| Q2 2009 |
Construction | Project delayed
|
| Apr 2009 |
Construction | Main contract was expected to be awarded to Douglas Engineering
|
| H2 2009 |
Construction | Construction was expected to start
|
| Q4 2009 |
Construction | Project put on hold
|
| Q3 2012 |
Completion | Project was expected to be completed
|
|
|
|
 |
- SEARCH MIDDLE EAST PROJECTS
|
Talk To Zawya Analyst
Download to PDF