Muscat, Oman: Groundwork is now underway at Mina Al Sultan Qaboos (MASQ), annouced DAMAC International today, the strategic partner to the joint venture with Oman Tourism Development Company (OMRAN), the government’s tourism development arm. The transformation of the historical port into a USD 2 billion integrated waterfront destination, which includes hotels, residences, food and beverage, retail and entertainment offerings, is inline with the National Strategy for Tourism 2040.

Since the intial announcement of the joint venture, extensive project planning and place making research for Muttrah, the district that surrounds MASQ, has been undertaken. This included third-party studies, technical evaluation and traffic flow analysis. After the masterplan was granted approvals from Oman’s Ministry of Tourism, demolishment began as the joint venture prepared sub surfaces for the first phase of construction.

“The redevelopment of Mina Al Sultan Qaboos into an integrated lifestyle destination stems from His Majesty’s vision of transforming the historical centre of commerce in Muscat into a timeless and thriving economic hub,” said Dr. Ali bin Masoud Al Sunaidy, Deputy Chairman of the Supreme Council for Planning, Minister of Commerce & Industry and Chairman of OMRAN. “The first stage of this project aims to set the foundation for the transformation, enhance traffic management, while establishing the necessary framework that will cement local SMEs’ and Omani nationals’ progressive role within the project.”

 “As we pave the way forward, and redefine urban development in the Middle East, DAMAC once again confirms its commitment to developing a world-class destination in Muscat,” said Hussain Sajwani, Chairman of DAMAC and the joint venture of the MASQ development. “Working closely with local stakeholder, and after extensive planning which included architectural studies and technical due diligence, we have moved forward with the preliminary work that will prepare the port’s conversion into a premium tourism destination.”

The joint venture also announced plans to house an on-site discovery centre by the first half of 2019. The space will enrich visitors’ experience with the heritage of Muttrah, while leveraging technology tools, such as virtual reality gear, to explore the community’s rich past and its visionary future. The centre will also showcase details of the approved masterplan for the waterfront destination.

DAMAC was selected as the strategic partner of the joint venture due to its successful track record in developing world-class residential and leisure projects in the Gulf and around the world. DAMAC’s extensive portfolio of luxury homes, hotels and international golf courses in its home market of the UAE, Middle East and the United Kingdom, make it the ideal partner for establishing an integrated community-based destination that will attract global interest.

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About OMRAN

Oman Tourism Development Company SAOC (OMRAN) drives the investment, growth and development of the rapidly growing tourism sector in the Sultanate of Oman. The company is the master developer of major tourism, heritage, urban and mixed-use projects, delivering some of nation’s most visionary and iconic destinations. 

As the leading executive government arm for tourism development, OMRAN has a proven track record of delivering tourism and related projects to a world-class standard, due to our core philosophy of sustainability, transparency and partnering with renowned regional and international investors. Importantly, by working in close collaboration with the local communities, as well as the public and private sector, sustainability is built into every project. The company’s portfolio of projects, asset management expertise and investment experience embraces the unique aspects of Oman’s culture and heritage, while safeguarding the natural beauty of the country for the future generations. Visit us at www.OMRAN.OM  

About DAMAC

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom. 

As of 30th June 2018, DAMAC Properties has delivered over 21,700 homes. The company has a development portfolio of over 40,000 units at various stages of progress and planning, comprising more than 10,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.  Visit us at www.damacproperties.com 

For more information, please contact:

Rania Maroun, Manager, Corporate Communications, DAMAC Properties

Tel: +971 4 3731696 │Email: rania.maroun@damacgroup.com 

© Press Release 2018

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