|
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 |
|
Mirbat Beach
Project |
Dhofar Tourism
Company |
USD 2.5 billion |
|
The Wave, Muscat |
The Wave, Muscat |
USD 2.4 billion |
|
Integrated
Tourist Resort Complex |
Yenkit Tourism
Development |
USD 2 billion |
|
Salam Yiti
Project |
Sama Dubai and
Oman Tourism Development Company |
USD 2 billion |
|
Omagine Project |
Omagine LLC |
USD 1.6 billion |
|
Barka Resort |
Alargan
International Real Estate Company |
USD 1.1 billion |
|
Qaryat Qurum |
Al Qurum
Properties LLC |
USD 1 billion |
|
Tilal Al Khuwair |
Al Madina Real
Estate Co. |
USD 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 |
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. |