Under Construction: Major Development Projects

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 Name	Owner/Developer	Project Cost
Al Madina A’Zarqa (Blue City)	Al Sawadi Investment & Tourism	USD 15-20 billion
Muscat and Salalah airports expansion	Ministry of Transport and Communications	USD 3 billion
The Wave, Muscat	The Wave, Muscat	USD 2.4 billion
Integrated Tourist Resort Complex	Yenkit Tourism Development	USD 2 billion
Omagine Project	Omagine LLC	USD 1.6 billion
Salam Resort & Spa – Yiti and Salam Resort & Spa - Shinas	Sama Dubai and Oman Tourism Development Company	USD 1.1 billion
Salalah Beach, Jebel Sifah and Al Sodah Island	Muriya Tourism Development Company	USD 850 million
Intercontinental Muscat Hotel Expansion	Oman Tourism Development Company	USD 800 million
Khasab Resort	Majan Gulf Properties	USD 780 million
Green Acres	Radiance International	USD 500 million

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.