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11 October, 2018

Work starts on Oman's Sultan Qaboos Waterfront project

$1 billion mixed-use project comprises hotels, residences and retail

Image used for illustrative purpose.
Labourers work next to a crane atop a residential construction site in Rizhao, Shandong province November 3, 2013.

Image used for illustrative purpose. Labourers work next to a crane atop a residential construction site in Rizhao, Shandong province November 3, 2013.

REUTERS/China Daily

11 October 2018
Oman has kicked off site preparation work for the $1 billion Sultan Qaboos Waterfront project at Port Sultan Qaboos in capital Muscat, a local newspaper reported on Thursday.

Work includes demolition and removal of old buildings and other debris to prepare the site, the Arabic language daily Al-Watan said, quoting official sources.

Infrastructure work will start in early 2019, the report added.

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In June 2017, state-owned Oman Tourism Development Company (Omran) and Dubai-headquartered Damac Properties signed an agreement for redeveloping Port Sultan Qaboos into integrated tourist port and lifestyle destination that includes hotels, residences, dining, retail and leisure offerings, according to a Damac press statement.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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