Omran-Damac JV begins work on $2bn waterfront project
New project will feature an on-site discovery centre which is scheduled for delivery in 2019
A JV consisting of Oman Tourism Development Company (Omran) and Damac has begun the transformation of Mina Al Sultan Qaboos (MASQ) port. The port will be replaced by an integrated mixed-use waterfront destination that will cost approximately $2 billion, and will feature hotels, residences, F&B outlets, retail and entertainment offerings.
According to Omran, the county’s tourism development authority, the project is in line with the National Strategy for Tourism 2040. The authority also said the project aligns with Sultan Qaboos’ vision of transforming the historical centre of commerce in Muscat into a ‘timeless and thriving economic hub’.
Omran said that project planning and place-making research for Muttrah – the district that surrounds MASQ – has already been undertaken. This includes 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 JV prepared sub surfaces for the first phase of construction, Omran said in its statement.
“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,” said Dr Ali bin Masoud Al Sunaidy, deputy chairman of the Supreme Council for Planning, minister of Commerce & Industry and chairman of Omran.
The joint venture also announced plans to build an on-site discovery centre in the first half of 2019. The centre is being designed to ‘enrich visitors’ experience with the heritage of Muttrah using technology such as virtual reality. The centre will also showcase the approved masterplan for the waterfront destination.
Hussain Sajwani, chairman of Damac added, “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. Working closely with local stakeholders, 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.”
