The Sultanate of Oman is currently witnessing an unprecedented surge in construction activities with the implementation of prestigious residential projects, the building of large-scale industrial plants, and the setting up of additional facilities for tourists
|
Project |
Investor |
Scope |
Cost (USD million) |
Estimated Completion |
THE WAVE PROJECT |
Government / Majid al Futtaim Investment |
2.5 million sqm., 4 hotels, 18 hole golf course, marina, 4,000 dwellings |
1,100 |
2011-12 |
THE BLUE CITY |
Al Sawadi Investment & Tourism Company (ASIT) |
35 sqm (phase 1:5 hotels, golf course, tourism village, 2,500 - 3,000 villas) |
15,000 |
2020 |
YITI RESORT & SPA |
Government / Sama Dubai |
2.6 million sqm, 3 hotels, spa, 1,100 villas, apartments, golf course, marina, eco-centre |
820 |
2008 |
SALALAH TOURISM COMPLEX |
Government / Sama Dubai |
hotels, marina, golf course, shopping centre |
na |
2010 |
SHINAS TOURISM RESORT |
Government / Sama Dubai |
4 hotels, serviced apartments, marina, 18 hole golf course |
na |
2009 |
RAS AL-HAD TOURISM VILLAGE |
Government / Qatari Diar Real Estate Investment Co. |
2 million sqm, 2 hotels, residential villas, marina, and commercial building |
300 |
2011 |
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All these projects are fueling a huge demand for all types of building materials, construction supplies and interior furnishings. With investments in property development expected to continue growing in the coming years, Oman is rapidly emerging as a major market for all companies directly serving the building and construction industry. |
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