Pact aimed at boosting the profile of the Sultanate's leading tourism and seafront residential development project
Muscat, 23 April, 2005: The Wave, Oman's top tourism and seafront residential development project, have signed a project marketing consultancy contract with PRDnationwide, a specialist in project marketing and development.
The Wave is a joint venture comprising Oman's Waterfront Investments, representing the Government of the Sultanate of Oman, the National Investment Funds Company that represents the Omani Pension Funds and State General Reserve Funds and the UAE's Majid Al Futtaim Investments.
Jeff Rossely, Group Vice-President, Majid Al Futtaim Property Development, said: "This agreement with PRDnationwide is a natural extension of our initiative to effectively put across our message and market the unique project to our key audiences. The Wave is being developed keeping in mind discerning international and regional home buyers and following this pact with PRDnationwide, we have found an experienced marketing partner."
James Fox, Managing Director of PRDnationwide Middle East, said: "PRDnationwide has identified the Middle East and in particular Oman as a significant growth region. We are extremely excited and feel privileged to be involved in the creation of Muscat's first fully integrated waterfront residential community."
Mr. Fox further stated: "As the first completely integrated residential community here in Oman, it will be modelled on our extensive experience gained from our latest projects and will soon join the league of the top residential community projects in the Middle East. Our advice on all aspects of the development, will create a contrasting and extensive product mix. The standards of design and construction will be of the exceptionally high standard that PRDnationwide has been creating over the past 40 years in Australasia."
The construction of the first phase of The Wave project will commence soon and once developed, will include; 18 hole Golf Course, Marina, numerous hotels, exclusive villas and diverse residential offerings as well as retail and restaurant outlets.
PRDnationwide, which was established in 1976, has more than 170 offices throughout Australia with affiliate offices in Hong Kong, Singapore, Kuala Lumpur, Bangkok, Jakarta, Shanghai and now in Muscat, Sultanate of Oman, making it Australia's leading real estate organization, project marketing and development consultants employing approximately 200 people. An additional 1800 people are employed throughout the PRDnationwide franchise network. Its internal research department employs qualified researchers who focus solely on property analysis.
The group's expertise has been recognized many times over the years and more recently the company won the coveted Jaguar Award for International Project Marketing.
For more details on The Wave please log on to www.thewaveoman.com
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Note to Editors:
THE WAVE
The Wave is being developed through a joint venture consisting of Oman's Waterfront Investments (representing the Government of the Sultanate of Oman), National Investment Funds Company (representing the Omani Pension Funds and State General Reserve Funds), and the UAE- based Majid Al Futtaim Investments. Overlooking the Gulf Of Oman near the Seeb International Airport, The Wave will occupy a beachfront of more than 7 kilometers, across a total area of more than 200 hectares. The Wave project will be developed in two phases. The first phase of the project will involve reclamation of land, infrastructure development and site improvement, which will include a world-class Golf Course and Marina. The second phase will feature the development of hotels, villas, condominium towers and upscale apartment complexes, as well as retail and restaurant outlets.
For further information, please contact: Sabra Thani, Manager,
Corporate Communications,
Majid Al Futtaim,
Tel + 9714 294999:
Fax: +9714 2951767;
Email: sabra@mafgroup.ae
OR
Naamat Baradhy/Naeem Badiuzzaman,
Bates PanGulf PR,
P.O. Box 3294,
Dubai,
UAE.
Tel: +9714 2953456;
Fax: +9714 2951027
email: publicrelations@batespangulf.com
© Press Release 2005
