Interior &buildex 2009 Market Report

Interiors & Buildex 2009
16-18 March 2009

Oman International Exhibition Centre
Muscat, Sultanate of Oman
MARKET
REPORT MAY 2006 - JULY 2008
The Wave, Muscat The Blue City
Muscat Hills Barr Al Jissah Resort & Spa
Compiled by:
OMANEXPO LLC
P.O. Box 20, Code 117, Wadi Kabir, Sultanate of Oman
Tel. No. +968-24660124 Fax No. +968-24660125
E-mail: omanexpo@omantel.net.om Website: www.interiorsbuildex.com
MARKET REPORT 1
Table of Contents
Major Development Projects in Oman 05
Complete News on Oman’s

Building & Construction Industry
WJ Towell launches Talat Al Koudh, a 90-villa project 07
Kuwait’s Action Hotels to set up budget property in Muscat 07
Galfar wins RO 25 million Al Amerat-Bausher road dualisation contract 08
Minister of Tourism unveils show villas at The Wave 09
Omran starts onsite works in Musannah for Asian Beach Games 09
Alargan Towell launches Al Qurm Gardens real estate project 10
Sadolin Paints launches two new decorative concepts 11
Nine firms apply to prequalify for Ras al Hadd airport contracts 11
The Wave signs deal for Fairmont hotel 12
Super-luxury Raffles hotel set for Oman 13
Al Balushi Investments launches Mayar Al-Khoudh home project 13
Work on Salam Yiti project progresses 14
Port of Salalah to invest $112m for superstructure 15
$1bn VALE project ranks among top 10 steel-based ventures in Gulf 15
Real estate deals worth RO1.61 billion concluded in 2007 16
New cement giant plans to enter Oman market 17
Development boom as 36 pacts worth RO205.5 million signed in a day 17
Al Madina A’Zarqa drives economic growth 19
Daewoo to develop tourism in Duqm 20
Majan Gulf launches sales of ‘Springs Compound’ Homes in Sohar 20
Al Madina A’Zarqa project on course 21
Real estate, luxury hotel project launched 21
Muriya starts signing of Phase 1 contracts 22
W.J. Towell, 3 Indian companies to team up for real estate development 23
Suhail Bahwan ventures into property market 23
Al Nabri Global to set up RO10 million hotel and resort 24
The Wave’s Ocean View project an instant hit 24
Al Haitham tees off ‘Muscat Hills’ project 25
Gulf construction feels heat of supply shortages 26
31 pacts for 575 housing units in Dhofar signed 26
Bank Muscat to build RO36m head office in Seeb 27
Rising steel prices hit construction 27
Gulf Stone Company opens factory in Sohar 28
Barka Resorts joins RCI network 28
Accor Hospitality plans Sofitel hotel in Oman 29
Consolidated Contractors wins multimillion dollar Omagine contract 29
Blue City kicks off first phase of development 30
Leading sanitary ware firm to tap tourism boom in the sultanate 31
2 INTERIORS & BUILDEX 2009

Jebel Sifah, Salalah Beach projects unveiled 32
Foster+Partners to design The Blue City 32
Muriya to launch property development projects 33
The Wave sells 100 properties in just a few hours 33
Oman Cement Co. to sign pact for $162 million expansion 34
Muriya projects in Oman worth $850 million underway 34
Phase I of Barka Tourism Resort project to begin soon 35
$3-billion expansion plan for Seeb, Salalah airports 35
Multi-billion project Blue City announces development timetable 36
The Wave Muscat pioneers freehold ownership in the sultanate 37
International firms line up for Wadi Adai dam project 37
Eqarat.com launches innovative real-estate services 38
Leading contracting firms set sights on Sohar Port interchange project 39
Construction progressing at The Wave at a fast pace 39
Safeer group opens its ninth hotel 40
Development Agreement for Omagine Project to be inked soon 41
$2-billion integrated resort to come up at Yenkit 41
Many mega housing, water projects implemented for citizens 42
Real estate deals top RO 2.5 bn in 17 months, says ministry report 43
RO 250m Al Batinah coastal road work to begin next year 44
Prices, shortage of materials impede contracting sector 44
Deal signed for $500m recreational project 45
Strong and sturdy withstood the cyclone fury 46
Pact inked to develop tourism projects in Al Seifa, Salalah 46
50,250 houses and 4,557 establishments affected 47
Shortage of cement halts many projects 48
RO76 million okayed to rebuild cyclone-affected infrastructure 48
Nizwa Industrial Estate witnesses investment boom 49
Third Crowne Plaza hotel to be located in Sohar 49
Oman Ceramics opens new showroom in Wadi Kabir 50
Yiti resort first phase may go on stream by mid-2009 50
The Wave signs pact with Kempinski 51
The Wave begins construction 52
Golden Tulip Nizwa plans expansion 53
Sharq Sohar’s Steel Melt Shop to commence operations in August 54
ACP launches new products 54
New projects will ease steel prices 55
Shadeed Iron & Steel to boost capacity to 3.5 mtpy by 2010-11 56
Steel summit to highlight Oman’s emergence as a steel producing nation 57
Fairmont joins The Wave 57
Cement, wood prices up 58
Coral International Hotel begins operations in Oman 58
The Wave awards RO 100m contracts 59
Sheraton Oman closed for $25m renovation 59
Muscat set for a real estate boom 60
MARKET REPORT 3
Second phase of The Wave’s sales to begin on December 16 61
Al Madina Real Estate Company launches major tourism project 61
Finance deal signed for major real estate project in Sohar 62
Oman: One brick at a time 63
Safeer Group to set up mega mall in Sohar 63
Carrier launches super quiet air-conditioner 64
Development of Duqm Port and drydock to kick off 65
Oasis Living Group to cash in home decor, furniture market 65
Oman fastest growing market for air conditioners: Sato 66
Physical activity of Blue City project to begin in November 67
MCC to build first-ever multi-storied car park 67
Oasis Lifestyle opens new shop 68
Development in overdrive 68
Galfar bags two major contracts from PDO 69
IECC well-positioned to tap construction boom in Oman and Gulf region 70
Mirbat tourism resort to open in early 2007 71
Six Omani firms vie for Seeb fish harbour contract 72
Development drive in Oman hits top gear 72
Beautifying the capital 73
Health projects in North Batinah 74
EBS targets construction projects in Oman 75
Al Hassan Electricals opens new showroom 75
Plans for $1 billion Yiti and Shinas resorts firming up 76
ADPi bags Seeb and Salalah airport contracts 76
Qatabi lists new tourism projects for Dhofar governorate 77
Majan Gulf, IGDC ink RO56 million real estate project deal 77
Deal for RO43-million dam signed 78
OTDC, Saraya to set up mega tourism venture 79
Sohar Aluminium, Dawood Contracting sign agreement 80
The Wave first sales release nets over $100m 80
Oman, Egypt to set up $600 m tourim venture 81

Major Development
Projects in Oman
Cost (in
Name of Project Owner/Developer Status
million $)
Al Amerat and Quriyat highway upgrade Muscat Municipality 180 Execution

Al Inshirah Boutique Hotel in Muscat Oman Tourism Dev’t Co. (OTDC) 50 Study
Al Madina A’Zarqa (Blue City) - Phase 1 Al Sawadi Investment & Tourism 1900 Execution
Al Musanaah air base expansion Ministry of Defence 70 Execution
BarAl Jissah Residential Complex & Market Zubair Corporation 50 Execution
Concert Theatre Muscat project Ministry of Palace Affairs 250 Execution
Dakhiliyah Central Prison in Sumail Town Oman Govemment 140 Execution
Dubai Resort & Spa - Shinas Omani Resort Sama Dubai 1900 Design
Salam Yiti Resort - marine works package Sama Dubai 50 Bidding
Duqm Beach Hotel OTDC 300 Design
Duqm Port - marine works Ministry of National Economy 490 Execution
Duqm Port - ship repair yard and dry dock Ministry of National Economy 200 Bidding
Green Acres in Muscat Radiance International 500 Planned
Hasik-Shuwaymiyah Highway MOTC 178 Execution
Hayoot Beach Hotel Resort - Phase 1 Ministry of Tourism 60 Bidding
Hotels Development in Muscat - Hotel 1 OTDC 650 Study
Industrial Estate in Sohar - infrastructure PEIE 65 Bidding
InterContinental Muscat hotel expansion OTDC 800 Design
Al Madina A’Zarqa
Al Madina A’Zarqa or the Blue City
or the Blue City
Salam Yiti
Resort
MARKET REPORT 5
Cost (in
Name of Project Owner/Developer Status
million $)
Jabal Al Akhadar Hotel OTDC 150 Planned
Khasab Family Resort in Musandam Majan Gulf Properties 780 Design
Majan Logistic City in Sohar Majan Gulf Properties 200 Design
Muscat Hills - golf course - villas Ministry of Tourism 110 Execution
Muscat Southern Expressway MOTC 350 Execution
New Sohar Airport - passenger terminal MOTC 300 Design
Omagine Project Alfa International Holdings Corp. 1600 Execution
Oman Convention and Exhibition Centre OTDC 500 Planned
Port Sultan Qaboos expansion in Muscat Port Services Corporation 400 Bidding
Residential Township in Sohar Saud Bahwan Group 120 Execution
Salalah Complex United Real Estate Company 63 Design
Salalah domestic roads MOTC 167 Execution
Salalah Port expansion - container berths MOTC 85 Execution
Salalah Port expansion - marine works MOTC 200 Execution
Salalah-Thumrait Road Dualisation Project MOTC 130 Execution
Seeb Airport / Salalah Airport Development MOTC 1200 Bidding
SoharAluminium Smelter - residential units Sohar Aluminium Company 200 Execution
Sohar Buraimi Road Expansion MOTC 114 Execution
Sohar Health City World Health Organisation 300 Planned
Sohar Port and Industrial Area - Phase 3 MOTC 243 Execution
Sohar residential and commercial project Majan Gulf Properties 172 Execution
Southern Expressway road project Muscat Municipality 342 Execution
The Wave, Muscat - infrastructure The Wave, Muscat 100 Execution
The Wave - Phase 1 - 191 townhouses The Wave, Muscat 60 Execution
The Wave - Phase 1- 303 villas The Wave, Muscat 100 Execution
The Wave - Phase 1- marina The Wave, Muscat 100 Execution
The Wave, Muscat - Phase 2 The Wave, Muscat 1000 Design
The Wave - Phase 2 - Fairmont Hotel The Wave, Muscat 300 Planned
The Wave - Phase 2 - Kempinski Hotel The Wave, Muscat 300 Planned
Sohar residential and

Muscat Hills commercial project
The Wave,
Muscat

WJ TTo
owell launches TTalat
launches alat Al Koudh,
Koudh,
a 90-villa project
Source: Oman Tribune - July 30, 2008
K eeping in mind the need for

quality housing for young
Omanis in Muscat, WJ Towell has
which brings in a unique strength
that differentiates us as developers.
venture partners. We had also spo-
ken to and got feedback from many
Omanis while designing this project.
launched “Talat Al Koudh“, a 90 The Group also has many compa- The design theme is a combination
villa project at Al Khoudh. nies in the construction sector that of Mediterranean and Omani influ-
supports the property development ences, which are visible in the qual-
These housing units have been de- business namely building materials, ity of architecture, craftsmanship
signed and developed keeping in paints and in electro mechanical. and the finishes used” says Surinaa
mind the Omani lifestyle which cen- Triveen, Business Head – Design
ters on the family . The total value The project would be exclusively Division of W. J. Towell.
of the project is valued at $50 million marketed by Gulf Property world,
and marks a series of launches that who are among the leading property The project is set on a 28,000m2
are due in the next few months. agents in the country. Says Mike plot, with built up areas of each unit
Harris, CEO of Gulf Property World: ranging from 308m2 to 421m2. The
‘WJ Towell is an established and “We are extremely proud to be asso- units are of two types, both com-
trusted name in property arena. ciated with W.J. Towell in the mar- prising of spacious living and din-
keting of Talat Al Khoudh. The ing rooms leading to open court-
Towell will soon be launching vari- project is not only well located but yards which are ideally suited for
ous properties in Madinat Sultan also well suited to the Omani life private outdoor gatherings. These
Qaboos, Madinat Al Illam, Qurum style. The opening response to the are 4 bedroom units with well
and Al Khoudh to name a few. project has been overwhelming. It is thought of utility areas and storage.
assured that these three storied Thoughtful, spacious floor plans are
These new projects would be units will not only be a sought after designed for active family life, while
launched in the coming three to four home but will also prove to be an ex- neutral, quality finishes. In addition,
months”, says Ivor Braganza, CEO – cellent investment.” each unit has dedicated parking
Towell Property & Construction. He space for 2 cars.
went on to add “it is our intention to The project will be constructed by
create a good living experience in all W.J.T Construction, who is among What sets Talat Al Khoud apart
our projects with a focus on design, the reputed Construction Company from standard offerings include its
landscaping, a safe environment that has completed many projects in convenient location, within easy ac-
complimented with a good quality of Oman. The project would begin in cess of Muscat City Centre, Univer-
construction. The group is poised August 2008 and be completed by sity Hospital and Muscat Interna-
to deliver this with an integrated ap- the last quarter of 2009. tional Airport. These villas provide
proach to property development by comfort and style, both inside and
a strong backward integration by “The concept design of Talat Al out. A dedicated website has been
partnering Architects – Talati and Khoudh was done by Maya Over- created for the project that carries all
Patnaki, Continental sourcing, Gulf seas, a well known Consultancy firm details on the property:
Properties, Home Essentials etc. from Italy who are also our joint www.talatalkhoudh.com
Kuwait’s A
uwait’s ction Ho
Action Hottels tto
o se
sett up
budge
budgett proper
proper ty in Muscat
operty
Source: Oman Observer - July 22, 2008
T he Kuwait-based Action Hotels

is developing a new hotel prop-
erty under the well-known brand
Street in Al Khuwair, within distance
of the main business hub, and the
ministries and embassies of the Sul-
rooms, a state-of-the art fitness cen-
tre and a swimming pool. The hotel
will be operational in July 2009.
‘Ibis’. The 170-room Ibis Muscat tanate. It will further offer guests all- Ibis, which is part of the Accor
will be located off Sultan Qaboos day dining restaurants, meeting Group, is Europe’s leading budget
MARKET REPORT 7
hotel network and is designed to Muscat property were announced Waverley is the second Ibis project
meet the needs and expectations of by Action Hotels at the opening of to be completed by Action Hotels
a broad spectrum of customers who its first partnered property outside this year following the recent open-
travel regularly on business or lei- the GCC in Melbourne, Australia. ing of the Ibis Salmiya in Kuwait.
sure. With an adapted service offer The property was completed in part-
to budget prices, Ibis has over 800 nership with Ibis and Accor Hospi- The group also announced another
hotels worldwide and are always tality. The new 155-room Ibis Glen 10 hotels under development, pre-
conveniently located in business Waverley was officially opened in dominantly in the Middle East.
districts, tourist spots and near air- the presence of Shaikh Mubarak Action Hotels has established a
ports. Abdulla al Mubarak al Sabah, Vice- partnership with the global Accor
Chairman of Kuwait based Action Group to develop hotel projects ini-
Action Hotels is one of the fastest Group Holdings, the parent com- tially in the Middle East and Austra-
growing hotel development compa- pany of Action Hotels and Action lia and includes the construction of
nies in the Middle East. The com- Group Australia, the Victorian State both Ibis and Novotel projects.
pany specialises in the development Minister of Tourism and Special
of 3- and 4-star hotels in partnership Events Hon Tim Holding and Simon Speaking at the official opening cer-
with global hotel operators at loca- McGrath, Accor Hospitality’s Vice- emony, McGrath said, “The growth
tions including Kuwait, Jordan, President for Australia. of Ibis in the Middle East owes a
Bahrain, Oman, the UAE and Aus- great deal to the commitment and
tralia. Action Hotels has completed The development is the first of a faith in the brand shown by Shaikh
two hotels and is engaged in the de- number of hotel projects that Action Mubarak’s Action Group. His com-
velopment of 11 more, providing Hotels are currently planning for the pany has been responsible for de-
over 2,500 rooms in the Middle East Australian market including other veloping seven Ibis hotels in Ku-
and Australia. projects for Melbourne and the con- wait, Jordan, Bahrain, Oman and the
struction of a 314-room hotel in UAE, as well as the development of
Plans for the opening of the new downtown Brisbane. Ibis Glen a new Novotel in Kuwait.”
Galfar wins RO 25 million Al Amerat-Bausher

road dualisation contract
L eading Omani construction firm

Galfar Engineering & Contract-
ing has been awarded a contract by
build two pre-stressed reinforced
concrete wadi bridges of a total
span length of around 300 metres.
pleted in 2006, opened up a single
carriageway link between the two
wilayats. Following a strategic de-
Muscat Municipality to dualise the Wadi bridges are increasingly the sign review, Muscat Municipality
Al Amerat-Bausher Road at a cost norm where new roads intersect finalised plans for the dualisation of
of RO 25 million. fast-flowing wadis, thereby ensur- the road to allow for smoother traffic
ing that such roads are essentially flows between the wilayats.
As part of its contract, Galfar will flood-proof. The dualisation project
dualise a 14-kilometre stretch de- represents the third phase of a plan According to officials, the dualised
signed to enable smoother traffic by Muscat Municipality to expand road will also help open up new ar-
flows between the rapidly road communications between the eas of Bausher to development. The
urbanising wilayats of Al Amerat two wilayats. In the first phase, well- hills around Bausher overlook much
and Bausher,. Of this dualised dis- known firm Consolidated Contrac- of the city of Muscat and the Gulf of
tance, a six-kilometre stretch will be tors Company (CCC) built an initial Oman beyond, making them attrac-
built along a completely new align- two-kilometre stretch through a rug- tive areas for tourism-related invest-
ment. Adding to the overall cost of ged swathe of hills to open up ac- ment. Six other local and interna-
the contract is the significant cess between Bausher and Al tional construction firms bid for the
amount of rock excavation and Amerat. dualisation contract. They are
blasting that the contractor will Nagarjuna Construction, Shanfari
have to undertake as part of the Following up on CCC’s work, Galfar Trading, Sarooj Construction, CCC,
dualisation project. added another seven kilomeres to Desert Line, and Afcons. The
this road link in the second phase of project is due to completed in the
Additionally, the contractor will the project. That contract, com- first quarter of 2010.

Minister of TTourism
Minister ourism un
unvveils
sho
showw villas at The W
Waave
T he Wave Muscat’s luxurious

show villas were officially un-
veiled at a ribbon cutting ceremony
The three villas are, however, very
distinct in their layouts, internal
play of spaces and their inter-rela-
Nick Smith, Chief Executive Officer,
The Wave, Muscat said, “With the
opening of our show villas we set
held under the auspices of Dr Rajha tionships. The event celebrated an- another example of The Wave,
bint Abdulameer bin Ali, Minister of other milestone for The Wave as Muscat’s commitment to deliver
Tourism, and in the presence of dignitaries and other guests were luxurious living standards to our
Abdullah bin Abbas bin Ahmed, taken for a tour of the new show vil- customers. The Wave will receive
Chairman of Board of Directors of las, located adjacent to the sales the highest quality kitchens within
The Wave Muscat, and Dr Noel centre. its properties, kitchens that are in-
Guckian, British Ambassador to the deed fit for a Meilleu Ovrier de
Sultanate, at its sales centre in Al The highlight of the event was Grande Bretagne (MOGB) chef.
Hail, Seeb, yesterday. award-winning UK celebrity chef,
Antony Worrall Thompson who Smith further added that “The
It was noted that the new villas, came to Oman especially for this Wave, Muscat is pushing the
one each from architects, Tombazis, demonstration. He has entertained boundaries of what has previously
Santini and Triad, combine a mod- food lovers in the UK for the past 27 been delivered within Oman and this
ernist approach in their treatment years and has achieved a great is an exciting task that carries with it
with a distinct Omani character. In reputation in this field. In a live a great deal of responsibility. We are
some ways it is correct to identify cooking demonstration he tempted determined to exceed the expecta-
them as a modern interpretation of the culinary taste buds of The Wave tions of our home buyers and hope
Omani architecture, set in a well de- Muscat’s customers at a cooking the show villas will provide another
signed environment, with rich session organised at the kitchen of window for all to see what The
amenities and services of interna- the Santini show villa at The Wave, Wave, Muscat has to offer in terms
tional standards. Muscat. of fine living”.
Omran star ts onsit

starts ew
onsite or
works in
orks
Musannah for Asian Beach Games
Source: Oman Observer - June 24, 2008
O nsite works for Oman’s first

ever world-class ‘sports vil-
lage’ in Musannah is under way for
Village dedicated entirely to the
sportsmen and sportswomen of the
event, hotels for officials, media and
the most reputable international
firms to understand the complexities
and requirements of the Asian
the 2nd Asian Beach Games Muscat guests, an administration building Beach Games project and are in
2010. Following a spectacular un- and a state-of-the-art Media Centre regular liaison with a variety of
veiling of the games logo last week in addition to special features for sports associations specialising in
by Tourism Minister Dr Rajha bint the public’s convenience including beach sports for the development of
Abdulameer bin Ali, a mixed use de- restaurants and recreational facili- the sports village.” He added, “The
velopment custom built to host ties. Dedicated playing pitches with project is running on a challenging
such a prestigious event is full temporary shaded grandstands to schedule and the Government’s
steam ahead led by Omran. Only accommodate around 300 spectators strong support for the Games has
two years away, the countdown has for preliminary events and up to been fundamental. Every detail is
started with a project completion 5,000 spectators for the final event being re-checked to ensure the de-
date scheduled for June 2010. will be built along with a purpose livery of a quality product.”
built marina for docking sail boats.
The 1 million square metre site at The main entry point to the site will
Wudam al Sahil will comprise a mix- Wael A al Lawati, Omran CEO, said, be elevated overlooking the Arabian
ture of facilities such as an Athletes “We have commissioned some of Sea to provide dramatic views. Spe-
MARKET REPORT 9
cial attention is given to protecting among athletes representing coun- gather in Muscat for the sporting
the environment through extensive tries from Asia. event in 2010, where athletes will
surveying where the sustainability compete in 11 beach sports disci-
of the infrastructure has been con- The first Asian Beach Games are plines. The 2nd Asian Beach Games
ceived and designed to later become less than four months away and will Muscat 2010 will position the Sul-
a major sports, leisure and tourism be hosted by the Olympic Council tanate of Oman as a magnet for pre-
resort providing significant benefits of Asia in Bali, Indonesia, in Octo- mium sports tourism, instilling na-
to the national and local economy. ber of this year. Over 10,000 ath- tional pride while attaining interna-
The Asian Beach Games is a multi- letes, officials, media and volunteers tional prestige and recognition
sport event held every two years from 45 countries are expected to through beach sports.
Alargan TTo
owell launc hes
launches
Al Qurm Gardens real estate project
A largan Towell Investment Co

has unveiled a residential cum
commercial real estate project in
downtown area. The rental and of-
fice space is laid out at the southern
and western ends of the complex.
coming projects including Al-
Khairan Resort and beach-front
Barka Resort estimated at RO 500
Qurum, opposite the Qurum Natural million.
Park. Al-Qurm Gardens, recipient of The units come in various designs
the CNBC Arabian Property Award that shape the skyline of the In 1973, W J Towell & Co envi-
2007 for the best architectural de- neighbourhood in a way reminiscent sioned and developed Madinat Sul-
sign, covers a total built-up area of of traditional Omani villages. They tan Qaboos — one of the finest ad-
24,682 square metres. “Inspired by are characterised by a unique con- dresses in Muscat. Now, 35 years
the traditional architectural style of struction technique: peripheral down the line, the Group is again set
Oman, Al-Qurm Gardens offers a to- shear walls and slabs, articulated to make a major contribution to
tal harmony between heritage and through a palette of plug-in ele- Oman’s burgeoning real estate and
modernity to satisfy the needs of ments consisting of galvanised steel tourism sector. Alargan Towell’s
discerning Omani nationals,” said planters, wooden pergolas and achievements in real estate and
Ali Hassan Moosa, General Man- tents. The party walls between each property development have earned
ager, Alargan Towell Investment. Es- unit disappear as the elevation of it several industry awards such as
timated to cost RO 22 million, the these residences consists of differ- the Best Residential Developer
residential complex will be ready by ent pavilion-like structures, breaking Award — 2005, by EUROMONEY,
2010. down the scale of the elevation. The and the Best Developer in Oman —
two housing rows result in an in- 2006 by Islamic Conference Group
Construction at the site has started ward slope that reinforces the intro- (ICG) in addition to the CNBC
and 18 units are almost complete. version of the project, while expand- Arabia Property Award 2007 for the
The 40 premium residential units of- ing the visual horizon on the central Best Architectural Design.
fered are in seven unique designs, road.
and have built-up area varying be- The projects are being implemented
tween 259 to 350 sq metres with plot In view of the prime location, the through a joint venture, Al Alargan
area of 194-284 sq metres. The units unique design, the premium-quality Towell Investment Co that was
boast exquisite finishes, duct-type construction and amenities, this formed in 2003, in partnership with
split units, dedicated car-park with project targets the higher end mar- Alargan International Real Estate
electronic gate, fitted kitchens, ket. Established in 2003, the com- Company, the Kuwait-based real es-
branded appliances, audio-video se- pany has now broadened its atten- tate development company with
curity system, and sound system. tion by planning and developing footprints in the UAE, Saudi Arabia,
projects for the up-market segment. Bahrain, Egypt and Lebanon. The
Raid Maqbool Ali Sultan, Assistant “Our projects contribute to alleviat- joint venture had an initial mandate
Business Development Manager, ing the accommodation shortages to develop middle-income real estate
said Al-Qurm Gardens complex is currently witnessed,” said Vilas housing solutions in Oman. Its first
flanked by two gateways at the Kelshikar, Senior Vice-President, project was 72 three-and-four-bed-
southern and northern edges of the Alargan Towell. He said the com- room residential villas in Al
project, making the complex an ex- pany is evolving as a major real es- Mawaleh, in the vicinity of the Mus-
clusive community project in the tate developer with a clutch of up- cat City Centre.

Subsequently, the company initiated leled growth as an emerging real es- property developments, in addition
another project of 100 townhouses tate destination for both individual to the government’s privatisation
at Al Hail, which is nearing comple- and institutional investors, owing to initiatives and the liberalisation of
tion. “Oman has witnessed unparal- the attractive incentives it offers for foreign investment parameters.
Sadolin Paints launches two

new decorative concepts
C elebrating 30 years of leader-

ship as the largest paints manu-
facturing company in Oman, Sadolin
eco-friendly paint that comes in five
different gloss levels of 5/10/20/40/
80, Armour Gloss Emulsions are de-
growth and excellent market condi-
tions are predicted for the next five
years. With the recent move of shift-
Paints (Oman) Ltd recently held a signed to meet individual choice of ing our headquarters to Rusayl and
Dealers Meet to announce the finishes and for different needs. now with our single plant operation,
launch of its ‘Sadolin White Collec- we have increased our production
tion’ and ‘Armour Water Based The Armour range is designed to of- capacity to over 20 million litres. We
Gloss Emulsions’. fer a life of over 7 years and has ex- are now well equipped to cater to
cellent washability. It can be used the increased demand as well as the
The Sadolin White Collection com- on wood and metal surfaces as well. change in market trends.”
prises 36 different and vibrant The key feature that differentiates
shades of white that can be used Armour from other paints is that 5 The two new ranges will be avail-
both for interiors and exteriors. different gloss levels are available able at all Sadolin Colour Point out-
These “Whites” are offered as through water based system. lets starting this month. Sadolin has
colour collections in the premium the largest network of dealers in
range and available through 88 Plus, Speaking on the occasion, M M Oman, including branches in Sohar
Sadomastic Silk and Armour 5/10/20 Khan, General Manager, Sadolin and Nizwa. Sadolin Paints also has
Gloss Emulsions. said, “Our strategy over the years branches in Bahrain, Qatar and
has been to continuously offer a Dubai. Sadolin Paints manufactures
“These can be teamed with any of range of products with distinct fea- the entire range of decorative coat-
the other ranges including Flair Inte- tures and benefits so that consum- ings and furniture lacquers under a
rior Décor Range, Music and Wild- ers can make an informed choice. technical licensing agreement with
flower Shade collections to create Today we are proud to be the first to Azko Nobel, the number 1 paint
your own unique space,” said launch the new range of 36 whites company in the world. Sadolin
Animesh Biswas, Marketing Man- and the water based gloss emul- Paints (Oman) Ltd is certified for
ager, Sadolin Paints (Oman) Ltd. sions.” ISO9001, ISO14001 and OHSAS
18001. All emulsions are truly low
The “Armour range” is a classic He went on to say, “Oman is wit- odour and meet EU norms for inter-
case of ‘designed for durability’. An nessing an immense economic nal coatings.
Nine ffirms
irms apply tto
o prequalify ffor
or
Ras al Hadd air por
portt contracts
airpor
N ine construction firms have

signalled their intent to partici-
pate in a competitive government
world-class eco-tourism destination,
centring largely on its turtle breed-
ing beaches, nature reserve and po-
opment of a number of eco-tourism
resorts along the scenic Gulf of
Oman coast.
tender for the development of an air- tentially rich archaeological heri-
port at Ras al Hadd in the Sharqiyah tage. The greenfield facility, targeted Several international firms are also
region. The new airport is seen as for launch in the fourth quarter of among those applying to prequalify
key to the Omani government’s goal 2010, is part of an ambitious tourism for construction contracts linked to
of positioning Ras al Hadd as a master plan that includes the devel- the development of airside and ter-
MARKET REPORT 11
minal facilities as part of the Ras al The other package provides for the In the first phase of the project, also
Hadd airport project. The line-up of construction of the passenger termi- known as Package 1, the selected
parties responding by last week’s nal building, concourse and Air contractor will develop access facili-
prequalification deadline are Desert Traffic Control (ATC) tower, as well ties and build utilities that serve the
Line Projects, Samwhan Corpora- as the provision of boarding airport during the operational phase.
tion, Hanjin Heavy Industries & bridges, baggage handling and se- Package 2 covers the construction
Construction, Larsen & Toubro curity systems and fire-fighting fa- of the runways, while the terminal
(Oman), Strabag Oman, Bahwan cilities. and associated facilities will be built
Contracting, Galfar Engineering, in Package 3.
Alsim Alarko Sanayi and Shanfari Built to Code F design standards of
Trading. the International Civil Aviation The new airport is expected to spur
Organisation (ICAO), the airport will Duqm’s development into a world-
The Ministry of Transport and Com- be suitable for some of the largest scale industrial, petrochemical and
munications has envisaged devel- aircraft in operation today, including commercial hub with a major Port
opment of the airport in two pack- the Airbus Superjumbo A380. Au- and Dry Dock project at its centre.
ages. One package, covering the thorities are also pursuing develop- When operational in the year 2012,
airside facilities, entails the con- ment of another airport project at Duqm International Airport is also
struction of a four-kilometre-long Duqm on the southeastern edge of expected to handle some of the larg-
and 75-metre-wide runway, as well the Sultanate. The greenfield facility est aircraft in service today, as well
as taxiway, apron and car parking. will be constructed in three phases. as a range of heavy lift aircraft.
The Wave signs deal ffor

Wa or FFairmont
airmont ho
hottel
F airmont Hotels & Resorts, a glo-

bal hotel company, has signed a
deal with The Wave, Muscat to op-
areas, the Hotel can be accessed di-
rectly from the 18th November
Street.
within the Sultanate, following our
existing offerings in the region such
as Fairmont Dubai, Cairo’s Fairmont
erate and manage a luxury Fairmont Towers, Heliopolis and Fairmont
branded property at The Wave. An The signing of the Agreement com- Heliopolis, and demonstrates our
agreement to this effect was signed bines the strength of Fairmont’s commitment to working with key
on Thursday by Eng Abdulla bin technical team with The Wave, partners to develop world-class
Abbas bin Ahmed, Chairman of the Muscat’s Hotel team and together properties and to build the brand’s
Board of Directors at The Wave, they will use all their expertise to en- global strength.”
and David Walmsley, Vice President, sure delivery of a world class prod-
Development Europe, Africa and uct synonymous with The Wave, Expected to take approximately 3-4
Middle East, Fairmont Hotels and Muscat and Fairmont brands. years to complete, construction of
Resorts. Fairmont The Wave, Muscat will
Nick Smith, CEO, The Wave, Mus- provide an opportunity for the local
Fairmont The Wave, Muscat will be cat said “Fairmont are the perfect workforce across a wide range of
a 5-star luxury resort hotel, and will partner for this project. As a leading skill sets and will not only enhance
benefit from being positioned next global luxury hotel management the lives of those who will use the
to the Greg Norman signature18 company, with over a century of ex- facilities but also offer a place to ex-
hole Links golf course. The accom- perience, they bring a new and excit- pand knowledge and experience
modation will comprise approxi- ing dimension to the world of Omani within this specialised construction
mately 280 rooms, supported with hospitality. The facilities they pro- category.
branded residential offerings, leisure vide are second to none and this al-
and conference facilities together liance will play an integral role in en- Fairmont is owned by Fairmont
with a luxurious Willow Stream Spa. hancing the lives of our home own- Raffles Hotels International, a lead-
ers and also the people of Muscat.” ing global hotel company with 90
The hotel’s location within the de- hotels worldwide under the Raffles,
velopment will allow guests and David Walmsley of Fairmont Raffles Fairmont and Swissôtel brands. The
visitors to enjoy its extensive Hotels International commented: Wave, Muscat, is a joint venture be-
beachfront and beautifully land- “We are delighted to take this next tween Oman’s Waterfront Invest-
scaped gardens. Surrounded on significant step towards bringing ments, National Investment Funds
three aspects by superb waterfronts Fairmont Hotels & Resorts to Oman. Company and UAE based Majid Al
and overlooking landscaped park This will be our first development Futtaim Group.

Super-luxur
Super-luxuryy Raf
Rafffles ho
hottel se
sett ffor
or Oman
O man will soon boast its own

super-luxury hotel property un-
der the world-renowned Raffles
tional is a leading global hotel com-
pany with over 90 hotels worldwide
under the Raffles, Fairmont and
national Airport. Speaking to the
Observer, Walmsley said the global
hotel company was keenly looking
brand, underlining the country’s Swissôtel brands. The company at other opportunities to expand its
growing investment appeal at the also owns Fairmont and Raffles presence in the Sultanate. “We also
high-end of the hospitality market. branded Residences, Estates and own the Swissôtel brand, which is a
Plans for the development of the luxury private residence club prop- business hotel concept. We think
Raffles branded property, which erties. there are some fantastic opportuni-
promises to set a new benchmark in ties in Muscat for potentially a
luxury in the Sultanate, are currently Raffles’ planned entry into Oman Swissôtel. We don’t have anything
being finalised, according to a top will be a major boost for the definite, but we are looking.”
executive of the Singapore based country’s booming tourism sector,
hospitality chain. Last year, the which in recent years has attracted In terms of market positioning, the
company launched its first property several billions of dollars in invest- proposed Raffles property in Oman
in the Middle East — Raffles Dubai ments in sumptuous integrated tour- would rank among the premium ho-
— which now competes with the ism resorts, luxury hotels, golf tels in the region. “Raffles is what
iconic Burj Al Arab for top billing as courses, and marinas. Over the past you would call super-luxury. As
the UAE’s premier hotel. year, a number of leading hotel high as you can go, Raffles is there
brands, notably Kempinski, or even above that. So its natural
“We are expanding the Raffles Movenpick, Viceroy, and Shaza, competition, in Dubai for instance,
brand into Oman,” said J David have announced plans to manage would be the Burj Al Arab.” Raffles
Walmsley, Vice-President — Devel- properties in the Sultanate. is a collection of luxury hotels and
opment (Europe, Africa and Middle resorts worldwide, each distin-
East), Fairmont Raffles Hotels Inter- On Thursday, Warmsley signed an guished by its luxury, elegance and
national. “We are not ready to make agreement for the management of residential charm. Each hotel is a
an announcement, but I would ex- the first Fairmont branded property landmark in its respective city, posi-
pect that announcement would at The Wave, Muscat — a RO 1 bil- tioned at the top of its local market
come in the next month or so.” lion mixed use tourism and residen- and rated among the very best in
Fairmont Raffles Hotels Interna- tial development off Muscat Inter- the world.
Al Balushi Investments launches

Mayar Al-Khoudh home project
A s Oman’s real estate market

moves into new realms, Al
Balushi Investments, committed to
a flower and inspired by a single Is-
lamic arch — a confluence of el-
egant design, community living and
spired by community living, will fea-
ture four to five bedrooms, a living
room and family sitting area, five to
deliver premium living and maximum modernity rooted in traditional Ara- six bathrooms and toilets, a dining
investment value to its clientele, an- bian ethos of warmth, hospitality room, kitchen, storage, laundry
nounced the launch of its multimil- and family orientation. With the to- room, a maid’s room and two park-
lion home project, ‘Mayar Al- tal cost of RO 13 million, the project ing spaces.
Khoudh’, Oman’s first managed, ex- occupies an area of 23,029 square
clusive community living experience metres with built-up areas for each The gated community living will
yesterday. villa ranging from 288 to 363 square have additional modern and well-
metres. appointed facilities that include a
‘Mayar Al-Koudh’ embodies a vi- swimming pool, gymnasium, recre-
sion to create contemporary living The villas will feature four different ational spaces, walking tracks,
spaces for distinctive people in an designs with the size spanning 230 children’s play yards, as well as
exclusive and classy environment to 347 square metres. The luxury exclusiveshopping and recreational
with the brand identity consisting of houses in the project, which is in- facilities. Al Rawahi International,
MARKET REPORT 13
the company that was awarded the standards.” Eqarat.com Oman, expressed her
primary contract for the project, will happiness to be associated with a
construct the villas. Shaikh Ahmed The three-storey villas, which will project as distinct as ‘Mayar-Al
bin Suwaidan al Balushi, Chairman, be characterised as Type A (20 vil- Khoudh’. “We are confident that
Al Balushi Investments and Shaikh las), Type B (30 villas), Type C (4 vil- ‘Mayar Al-Khoudh’ will be one of
Salim Said al Rawahi, Chairman, Al las) and Type D (4 villas), are ex- the most sought after projects by
Rawahi International signed the pected to present excellent rate of investors as a result of its outstand-
construction agreement. Dubai- Rate of Investment (ROI) per year, ing design and the highly profitable
based architectural engineering firm considering the rising demand and real estate climate in Oman,” she
Dubarch has designed the luxury soaring value of real estate proper- said.
residences in association with Azri ties in Oman. The exclusive sales
Consultancy. and marketing agents, Eqarat.com, “‘Mayar Al-Khoudh’ reiterates the
the region’s leading total solutions fact that Oman’s real estate develop-
Addressing the press conference at provider in the real estate sector has ing at an extraordinary pace. We are
The Chedi Hotel yesterday, Hussain been signed on as the exclusive sure that investors will realise the
Habib, Managing Director, Al sales agents of the residential potential of the luxury residential
Balushi Investments LLC, said: “Our project that comprises of 58 indi- project with its launch today,” she
vision is for ‘Mayar Al-Khoudh’ to vidual villas in Al Khoudh. National added. The construction of ‘Mayar
become a premier development that Bank of Oman and Oman Arab Bank Al-Khoudh’, located 10 minutes
will represent the current uptrend in have partnered with Al Balushi In- away from Muscat International Air-
the Oman real estate market not only vestments LLC to provide finance to port that truly embodies the soul of
in terms of project values, number of buyers and investors. classic elegance and brings sublime
developments and profitability, but beauty to your lifestyle, is expected
more importantly in high quality Dina al Jafari, Marketing Manager; to complete by the end of 2010.
Work on Salam Yiti pr

ork oject pr
project ogresses
progresses
S ama Dubai, the international real

state investment and develop-
ment arm of Dubai Holding, has an-
maintain the steady progress of en-
abling work, Sama Dubai has con-
tracted Boskalis Westminister Oman
measures have been adopted to en-
sure the preservation and protection
of the environment.” The enabling
nounced the completion of 85 per (BOC) along with its joint venture work for the first of the two exclu-
cent of advanced earthwork for its partner Consolidated Contractors sive islands has also been success-
prestigious AED6.5 billion Salam Yiti Company (CCC) to drive the early fully completed, leading to the com-
lifestyle resort project in Muscat. construction and development mencement of further earthworks as
works, which included the arrival of part of the Phase-2 reclamation work
Salam Yiti project, a joint venture major dredging equipment to site ca- for the development.
with Omran (Oman Tourism Devel- pable of delivering nearly 300,000
opment Company), a subsidiary of cubic meters of sand per week to the Over 30 per cent enabling works for
the Oman Ministry of Tourism, al- site. the marina access has been com-
ready has over three million cubic pleted for the access ‘bunds’, while
metres of rock and sand placed Farhan Faraidooni, Executive Chair- the marina construction is firmly un-
onsite. The advanced earth works man of Sama Dubai, said: “The fast derway. A ‘concrete batching plant’
are considered highly critical to the progress of major foundation work has been commissioned on-site to
development of Salam Yiti, specifi- at the Salam Yiti project reflects produce 30 tonne concrete blocks
cally the three-six metre high incre- Sama Dubai’s objective to deliver for the purpose of erecting marina
ment to the existing ground level, high quality real-estate products walls that will accommodate 75 deep
along with the realignment of Wadi and services that endorse our far- berths for larger sailing yachts.
Qanu. sighted vision and commitment to- Salam Yiti, engulfed by mountains
wards the local community. on the Yiti Beach, is an integrated
The design followed an extensive “Complementing the steady ad- residential resort between Oman’s
study and analysis by Halcrow In- vancement of the overall Salam Yiti Al Hajar Ash Sharqi mountains and
ternational of the upstream wadi project, work on its individual com- the pristine beach below, covering
catchment areas for ensuring the ponents is also moving ahead as 420 hectares of land and rising as
mitigation of natural calamities. To scheduled. Concurrently, a series of high as 140 metres above sea level.

Por
ortt of Salalah tto
o in
invvest
$112m for superstructure
Source: Oman Observer - May 20, 2008
T he Port of Salalah is investing

$112 million for installing port
handling equipment at the newly-
by mid-2009. “These cranes can op-
erate the largest vessels in the world
with their ability to reach containers
Our business growth makes it im-
portant for us to increase available
capacity in order to maintain our
developed berths, which will en- stacked 23 across on deck. The in- consistently high-quality service to
hance the port’s capacity to 6 mil- vestment will also include 4 mobile our customers as our throughput
lion twenty equivalent tonnes harbour cranes, 10 new spreaders continues to increase,” Gary Lemke,
(TEUs) per annum from 4.5 million that allow twin pick capacity and 11 Chief Executive Officer of Port of
TEUs now. The cost of expansion additional rubber-tyred gantry Salalah, said in the statement.
will be funded by way of long-term cranes,” said the port in a statement.
borrowing from institutions and in- Salalah Port Services posted a 144
ternal accruals. The port is prepar- The new cranes will play an impor- per cent growth in net profit at RO
ing to add four Super Post-Panamax tant role in meeting customer de- 1.56 million for the first quarter of
Gantry Cranes for its two new 18m mands and ensure improved effi- 2008, over the same period last year.
depth berths. ciency and faster vessel turn times. Similarly, the port’s revenue soared
“Since its inception, the Port of to RO 9.84 million from RO 6.97 mil-
The four new Super Post-Panamax Salalah has always strived to be an lion, while earnings per share stood
Gantry Cranes will complement the industry leader in innovation and higher at 87 baisa from 36 baisa. Di-
current 17 and enhance the port’s port development. To ensure contin- rect operating cost was up at RO
capacity to about 6 million twenty ued success, we must make neces- 5.12 million from RO 4.22 million dur-
equivalent units (TEUs) per annum sary long-term investments. ing the period.
$1bn VALE pr
VALE oject ranks among
project
top 10 st
10 eel-based vventures
steel-based entures in Gulf
T he $1 billion iron ore pellet plant

planned at the Port of Sohar by
Companhia Vale do Rio Doce
ping supply,” said Spencer Felix, Ex-
hibition Manager of the Middle East
Manufacturing Exhibition
plants on the books, Bahrain four
and Qatar three.
(VALE), the global giant in the min- (MEMEX), which takes place in Abu Topping the list of projects is an in-
ing industry, has been ranked Dhabi from November 23 to 25, 2008. tegrated complex of steel factories in
among the top 10 steel and related Saudi Arabia which will turn out
projects in the GCC. “In the race to plug the supply gap 500,000 tons a year of railway track,
a swathe of new steel plant projects three million tons a year of iron and
More than $18 billion is being in- as well as expansions to existing steel processing and production
vested in 46 steel manufacturing plants have been unveiled across plant and 800,000 tons a year of
plants throughout the Arabian Gulf the region with huge potential busi- pipeline manufacturing plant. Of the
in an attempt to close the widening ness opportunities for industry top ten projects, four are in Saudi
gap between supply and demand for stakeholders,” added Felix. Arabia, three in the UAE, two in
steel — a major component for the Qatar and one in Oman.
construction industry as well as ma- According to the database of re- Brazil-based VALE is planning to
terials handling machinery for manu- search company Proleads, which construct an iron ore pellet plant
facturing, according to latest indus- monitors major construction and iron ore distribution centre facil-
try research. projects across the region from ini- ity in the Port of Sohar. The produc-
tial study to completion, Saudi tion at the Port of Sohar of iron ore
“While there is talk of a slowdown Arabia with 17 and the United Arab pellets is planned to commence in
in other parts of the world, the Emirates with 16 are leading the way the second half of 2010. This will be
growth in the Middle East manufac- in steel plant projects individually the first whole-owned green field in-
turing base continues to expand varying in value from $2 billion to vestment in the ferrous sector out-
with demand for steel far outstrip- $15 million. Oman has six steel side Brazil for VALE.
MARKET REPORT 15
Real estat
estatee deals wor
wor th
orth
RO1 .6
O1.6 1 billion concluded in 200
.61 7
2007
T he real estate sector is the high-

est income yielding investment
in the Sultanate, with demand grow-
in the law governing land ownership
by foreigners. Non-Omanis can now
own real estate in certain tourist
The increase in commercial projects
envisages an influx of expatriates
further fuelling the demand for resi-
ing across the different usage projects. The Capital Investment dential rentals. The number of expa-
groups — residential, commercial Law now permits up to 70 per cent triates in the Sultanate was 638,447
and tourism related activities, ac- ownership by foreigners in projects in 2007 representing a y-o-y growth
cording to the Kuwaiti think-tank and the tax law has been revised to rate of 25 per cent over 510,713 as at
Global Investment House (GIH). De- promote investor confidence. The end of 2006. During the previous
spite the recent increase in real es- free zone project covers an area of year the expatriate population had
tate prices, Oman still remains a 2,000 hectares. Phase 1, currently grown at a y-o-y rate of 20.2 per
competitive market in terms of prices being developed, encompasses 200 cent from 424,788 to 510,713. The in-
as compared to other GCC coun- hectares. The entire cost of the increasing sequential y-o-y expatriate
tries, it said. Citing statistics by frastructure development is borne population growth rate is expected
Mazaya real estate, GIH said the to- by the government of Oman. to maintain the upward trend in 2008
tal volumes of concluded deals as well, and lead to a paucity of resi-
jumped to new peaks reaching 24.2 Yenkit Tourism Development LLC is dential facilities, says Global Invest-
million sq m in 2007 compared to developing a $2 billion luxury Inte- ment House.
13.7 million sq m in 2005, an increase grated Tourist Resort Complex at
of 43.4 per cent. The investment Yenkit in Muscat Governorate. The Secondly, the recent surge in the
during the period was RO 1.61 bil- project will be an ‘Integrated Tour- Construction Cost Index (CCI) in the
lion compared to RO 0.29 billion dur- ism Complex’ as designated by the Sultanate underpins the increasing
ing 2005. Ministry of Tourism, and will con- real estate demand. The CCI for
sist of four 5-star hotels with ap- commercial space registered a 3.5
The average price per square metre proximately 900 rooms, an 18-hole per cent y-o-y growth in Q2 2006
for residential land increased by 253 international golf course; a wide compared to the 0.2 per cent y-o-y
per cent to RO 52 in 2007 compared range of tourist facilities, including growth during the Q1 2006 period.
to RO 16.3 in 2006 and RO 14.7 in sports and leisure facilities, a resort For residential space, the CCI had
2005. The residential sector cap- village, nature reserve and visitors grown at a y-o-y rate of 3.4 per cent
tured the biggest share, registering centre, beach club, heritage and in Q2 2006 as compared to 1.2 per
94.6 per cent of the total number of craft centre and major open spaces; cent y-o-y growth during the Q1
plots in 2006, and the capital city 1,400 residential villas and up to 2005 thus representing an increased
Muscat having around 26.2 per cent 1,900 residential apartments and level of activity on a sequential ba-
of the total plots in 2006. On the townhouses. sis.
commercial front, volume of deals
increased by 27 per cent reaching The project responds to a major ini- Thirdly, the Muscat Wholesale Price
2.7m sq m in 2007 compared to 1.97m tiative of the Omani government to Index for building materials has also
in 2005. The total value the deals in- create a world-class tourism corri- grown by 8 per cent from 131.1 in
creased by 314 per cent reaching RO dor, stretching down the scenic 2006 to 141.6 in 2007. “The real es-
397.8m in 2007 compared to RO 96m coast between Muscat and Sur to tate in Oman is continuing its strong
in 2005. The average price per sqm the south. A number of other factors growth. The latest available data
of land for commercial use was RO have contributed to the increasing from the Ministry of National
151 compared to RO 48 in 2005. real estate demand. Firstly, owner- Economy indicate that the total
ship laws have been relaxed to en- number of plots have increased from
According to GIH, an ambitious free courage foreign ownership of real 35,414 in 2004 to 71,263 in 2005, a
zone project in the Dhofar region estate. Royal Decree 12/2006 ex- whopping increase of 101 per cent.
has evoked considerable interest tends foreign ownership rights to We expect further growth in demand
among local and foreign investors. include non-GCC nationals (how- in 2008 for commercial land as a re-
This is due to the new amendments ever only in certain designated ar- sult of vigorous commercial activity
to visa rules and legislation govern- eas). Demand for housing is also in the manufacturing and tourism
ing foreign ownership of real estate. growing especially with 65 per cent sectors as a result of Sultanate’s fo-
A new visa system is in place and a of the Omani population below the cus on these sectors during the cur-
number of changes have been made age of 24. rent plan period,” GIH stated.

New cement giant plans tto
New o enter Oman mar
enter ket
mark
Source: Times of Oman - May 6, 2008
C EMENA, a new giant cement

company whose creation was
announced in Bahrain yesterday,
largest state-owned building materi-
als in China. The project will com-
prise of multiple plants located
create CEMENA.
The GCC alone consumes around 62

also plans to enter the Oman market across the MENA region. It is esti- million tonnes per annum but over
in the near future. Gulf Finance mated that production will begin in the next three to five years this fig-
House (GFH), the leading invest- 30 months, and the target is to sup- ure is expected to increase by a pro-
ment bank in the region, yesterday ply 10 per cent of the region’s re- jected value of 40 per cent. To meet
announced plans to create quirements in the future. this demand CEMENA will operate
CEMENA, which is set to become multiple plants in the MENA region
one of the largest cement companies The tremendous growth in the and is planning to enter seven initial
in the Middle East and North Africa. MENA real estate sector, driven by markets (the UAE, Bahrain, Syria,
huge numbers of private and gov- Jordan, Yemen, Oman and Libya),
In a deal with an estimated end ernmental infrastructure projects, and in time, hopes to broaden its
value of $2 billion, GFH will be col- have created substantial demand for reach into other markets in the fu-
laborating with strategic partners cement in the region. This, along ture.
including the Associated Group, with interest shown by European
Emirates Islamic Bank, Capcorp, and companies to secure supply into GFH Chairman Esam Janahi com-
leading technical partners Holtec their markets from this region, are mented: “There is a substantial
and China National Building Mate- the principle factors behind GFH wealth of opportunity in this market-
rial Group Corporation (CNBM), the and its strategic partners’ plan to place.”
Development boom as 36 pacts

wor th R
orth O205.5 million signed in a da
RO205.5 dayy
Source: Times of Oman - April 29, 2008
T hirty-six agreements to develop

the infrastructure of ports, ma-
rine affairs, roads and civil aviation
project to construct the infrastruc-
ture of Sohar Industrial Port.
In the field of roads, Al Alawi signed
the first agreement with Caison Con-
tracting Company, worth
sectors at a cost of RO205,559,481 The third agreement with Haskoning RO7,323,812 related to Khasab/
were signed at the Ministry of UK Ltd and Khateeb and Elmi Al Lima/Diba Al Baiah first part/
Transport and Communications yes- Barakah for Economic Consultancy, Khasab/Al Khalidiyah 21.6km road.
terday. worth RO1,695,640, is related to the
consultancy service for the design The second agreement with Khalid
The agreements were signed on be- and supervision services as well as bin Ahmed & Sons, worth RO3,340,
half of the Sultanate’s government operation and management of the 295, is related to the additional
by Dr Khamis bin Mubarak Al new port and dry dock construction variation order No. 5 for the design
Alawi, minister of transport and in the wilayat of Al Duqm. The and construction project of Al
communications, and the general project also includes the design and Lihiban road in the wilayat of Saham
managers of the contractors. The supervision of the marine works at to Kahnat in the wilayat of Ibri.
major agreements include an agree- the port.
ment with Dawoo Engineering and The third agreement with Arab
Contracting in partnership with The fourth agreement worth Projects and Transportation Oman
Galfar Engineering and Contracting RO925,165 is related to the variation Company, worth RO3,321,626, is re-
company, worth RO170,168,229, re- order No. 2 for construction of lated to the additional variation or-
lated to construction of dry dock at berths at Sohar Industrial port. der No. 2 and 3 for the construction
Al Duqm Port in the Al Wusta re- of Wadi Dema road project in the
gion. The fifth agreement with Teejan Sharqiyah region.
Trading and Contracting Company,
The second agreement with Con- worth RO499,039, is related to the The fourth agreement with the Gulf
solidated Contractors Oman, worth variation order No. 3, for the arrival of Oman company, worth
RO4,956,314, is related to the addi- terminal for tourists and passengers RO1184.666, is related to the addi-
tional variation order No. 2 of the at Sultan Qaboos Port. tional variation order to the design,
MARKET REPORT 17
construction and lighting of the in- RO572,640, is related to repair of the worth RO405,000, is related to the
ternal roads project in the wilayat of damage on Falaj Al Mashaiekh road consultancy service for the design
Maqshan. in the wilayat of Jalan Bani Bu and supervision of dual carriage
Hassan, which was affected by the way from Farq roundabout to
The fifth agreement with Strabag adverse weather conditions. Merfaa Falaj Daris in Nizwa.
Oman Company, worth RO969,506,
is related to repair of the damage re- The 13th agreement with Wadi Al The 20th agreement with the same
sulting from the adverse weather Sheab Trading and Contracting company, worth RO376,800, is re-
conditions on BidBid/Sur road op- Company, worth RO459,795, is related to the consultancy service for
posite Sur Hospital. It is related to lated to the design and construction the design and construction of a
the construction of new box cul- of a 4-km road project in Fanja town. number of internal roads in the
verts with 4x4m openings. wilayat of Dema wal Tayeen, as well
The 14th agreement with Arab as the design and construction of a
The sixth agreement with Shanfari Projects and Transportation Oman number of internal roads in the
Trading and Construction Company, Company, worth RO452,377, is re- wilayat of Ibra 2.
worth RO945,686, is related to the lated to the additional variation or-
additional variation order No. 2 on der No. 1 related to the construction The 21st agreement with the same
the design and construction of Al of the second part of Al Ashkhara/ company, worth RO371,800, is re-
Ghaizin/Maskan road project. Shannah road project, from lated to the consultancy services for
Khuwaimah to Shannah. the design and construction of a
The seventh agreement with Al number of internal roads in the
Raseed Trading and Contracting The 15th agreement with Oub Hail wilayat of BidBid, as well as the de-
Co., worth RO900,000, is related to Trading and Contracting Company, sign and construction of a number
the additional variation order No. 1 worth RO400,000, is related to the of internal roads and connections at
for maintenance of the graded roads additional variation order No. 1 for Rahba in the wilayat of Sumail and
at the mountainous areas in Dhofar the maintenance of a number of BidBid.
governorate. graded road projects in Dhofar gov-
ernorate. The 22nd agreement with the same
The eighth agreement with Galfar consultant, worth RO282,000, is re-
Engineering and Contracting Com- The 16th agreement with Oman for lated to the consultancy services for
pany, worth RO789,330, is related to Building and Contracting Company, the repair of the damage resulting
the additional variation order No. 4 worth RO264,000, is related to the from the adverse weather conditions
for Rustaq/Maskan road project. additional variation order No. 1 for on Sur Bahari road, Sur Al Aija road
the design, implementation, paving and Ras Al Hadd/Asila road.
The ninth agreement with Strabag and lighting project for a number of
Oman, worth RO761,000, is related internal roads in the wilayat of Al Alawi also signed the 23rd agree-
to the additional variation order Shaleem and Halaniyat Islands in ment with National Pakistani for En-
No.1 for the design and construc- Dhofar governorate. gineering Services and Partners
tion of Al Haj/Filam road in the Al company (NASPAK), worth
Wusta region. The 17th agreement with National RO229,000, for the provision of the
Pakistani for Engineering Services consultancy service for the supervi-
The 10th agreement with Al Nasr Al and Partners Company (NASPAK) sion of Al Maladda/Al Hazm dual
Arabia Company, worth RO700,000, worth RO531,705, is related to the carriage way project.
is related to the additional variation consultancy service for the supervi-
order No. 1 for the annual mainte- sion of the design and construction The 24th agreement with W. S.
nance of the asphalt roads in Dhofar of a number of internal roads in the Atkins International and Partners
governorate. wilayat of Sumail (1, 2 & 3). Company, worth RO210,000, is re-
lated to the consultancy service for
The 11th agreement with Al Sarooj The 18th agreement with the same the design of asphalt road project
Construction Company, worth company, worth RO423,130, is re- from Wadi Al Minqal till Bani Jabir
RO579,590, is related to the design, lated to the consultancy service for in the wilayat of Sur.
construction, re-alignment and im- the supervision of the design and
proving the hurdles of a number of construction project for a number of The 25th agreement, worth RO178,
graded road projects in the Al internal roads in the wilayat of Izki 660, is related to the design and
Sharqiyah region. and the wilayat of Nizwa (1, 2 & 3). construction of a number of internal
roads in the wilayat of Bahla (1 & 2).
The 12th agreement with Khalid bin The 19th agreement with Parsons
Ahmed & Sons company worth International & Partners Company, The 26th agreement with Engineer-

ing Consultancy Services Company, The 28th agreement, worth stallation and test of automatic
worth RO175,000, is related to the RO132,700, is related to the transmitters. He also signed an
consultancy services for the super- consultancy services for the super- agreement with Carillion & Alawi,
vision of the design and construc- vision of the design and construc- worth RO273,425, related to the sup-
tion of a number of internal roads in tion of a number of internal roads in ply and installation of a temporary
the wilayat of Mudhaibi, the design the wilayat of Wadi Bani Khalid. security boundary at Muscat Inter-
and construction of a number of in- national Airport.
ternal roads in the wilayat of Ibra. The 29th agreement with Consir &
Partners Company, worth The signing ceremony was attended
The 27th agreement with the Na- RO129.750, is related to the by the undersecretary for transport
tional Engineering Office, worth consultancy services for the super- at the Ministry of Transport and
RO143,630, is related to the vision of the design and construc- Communications, undersecretary for
consultancy services for the super- tion of road project in the wilayat of ports and marine affairs at the Min-
vision of the design and construc- Sur. Al Alawi also signed an agree- istry of Transport and Communica-
tion of Misbit, the wilayat of Sumail ment with Comsoft GMPH, worth tion and a number of officials at the
and the wilayat of BidBid road. RO388,425, related to the supply, in- ministry. — ONA
Al Madina A’Zar
A’Zarqa tto
’Zarqa o drive economic gr
drive owth
gro
T he Al Madina A’Zarqa coastal

development, one of the most
important tourism and infrastructure
“From the outset, Al Madina
A’Zarqa has been committed to gen-
erating employment opportunities
mobilisation work for Phase One of
Al Madina A’Zarqa is considered to
be the biggest in the Gulf region due
projects in the Middle East, is fast for the people of Oman and to sup- to the sheer size and scale of the
emerging as a valuable growth en- porting Oman economy. It gives us project. More than 50 per cent of all
gine for the Omani economy great satisfaction to be able to con- material needed for this has been
through its successful Omanisation tribute significantly to Oman’s 2020 sourced from within Oman.”
initiative and multi-million dollar vision for the future”.
contracts. “To date, 85 per cent of AECO’s
“We have achieved 52 per cent of agreements have been with Omani
Situated on 32-square kilometres of Omanisation according to the stipu- registered companies and AECO has
prime beach front at Al Sawadi, lo- lations of the Ministry of Man- committed 40 per cent of its sub-
cated between Muscat and the rap- power, and are looking forward to contract expenditure in the Sultan-
idly growing city of Sohar, Al increasing this number as we con- ate. AECO has executed works in ex-
Madina A’Zarqa serves as a multi- tinue to recruit and retain talented cess of $70 million with nearly $24
faceted commercial centre, tourist Omanis.” million awarded to sub-contracting
attraction and residential develop- companies as well as the procure-
ment. Phase 1 of the project, which This vision of Omanisation is sup- ment of equipment ($21 million) and
broke ground in 2007, has already ported by AECO Development LLC, materials ($16 million).”
created hundreds of employment responsible for construction of
opportunities for Omani nationals, Phase One of Al Madina A’Zarqa According to Perk, more than 70 mil-
with millions of dollars worth of (Blue City 1). lion working hours and almost one
contracts and subcontracts being million cubic metres (1,000,000 m3)
awarded to local Omani companies. An estimated 17 per cent of AECO’s of concrete will be required for the
workforce is from Oman, while 50 construction of phase one of
“The $2 billion development of per cent of the group’s machinery Madina A’Zarqa.
phase 1 requires a labour force of and equipment continues to be pur-
approximately 7,000 workers and 500 chased locally from companies such This involves more than 1,500,000
engineers over the course of the as Saud Bahwan Group, Suhail m2 of building space and the associ-
next five years,” said Professor Fari Bahwan Group, Muscat Overseas ated urban infrastructure. It is esti-
Akhlaghi, CEO and managing direc- Group and many others. mated that more than 1,500 Omanis
tor of Blue City Company 1, the de- will be working at peak time during
velopers of phase one of the Al Tamer Perk, project manager of phase one, ranging from engineers
Madina A’Zarqa project. AECO Development LLC said: “The to technicians.
MARKET REPORT 19
Daewoo tto
Daew o de
devvelop ttourism
ourism in Duqm
D aewoo Shipbuilding & Marine

Engineering Co. has signed an
agreement with the government of
on airports, power plants and busi-
ness parks, according to Morgan
Stanley.
building homes for people working
in the city, which will become an in-
dustrial and tourist area by 2020, the
Oman to develop tourism projects in shipyard said. The government also
Duqm, the South Korean company’s The Duqm project may be worth plans to build a refinery complex, a
first foray into real estate. about $20 billion, the Korean-lan- crude-oil export terminal and a new
guage internet newspaper airport and expand port facilities in
The venture will develop the port MoneyToday reported yesterday, Duqm.
city, about 450km south of Muscat, without saying where it got the in-
into a tourist and business area, formation. The South Korean shipbuilder in
Daewoo Shipbuilding said in an e- 2006 signed an agreement to build
mailed statement yesterday. The Gulf states plan to spend a com- and operate a ship-repair yard in
value of the project will be decided bined $1.1 trillion to develop their Oman, which will be the biggest in
later, the Seoul-based company said, economies, Qatar Finance Minister the Middle East. Other South Ko-
without giving details of the devel- Yousuf Hussain Kamal said on rean companies are also moving into
opment. Daewoo Shipbuilding, the March 16. That may help South Ko- Oman. LG International Corp., a unit
world’s third-biggest shipyard, is rean contractors win record orders of LG Corp., said on Tuesday it
turning to new businesses to ben- for a third year in 2008. signed a preliminary agreement with
efit from increased spending in the Korea Southern Power Co. and
Middle East. Economies in the Gulf Daewoo Shipbuilding may develop state-owned Oman Oil Co. to bid for
region will expand 9.2 per cent this Duqm into a marine resort with con- a $2 billion coal-fired power project
year as oil revenue spurs spending dominiums and hotels as well as in the Middle East nation.
Majan Gulf launches sales

of ‘Springs Compound’ homes in Sohar
Source: Oman Observer - April 20, 2008
M ajan Gulf Properties (MGP),

designers and developers of
the Sohar Residential and Commer-
faced by the challenge of scarcity in
such real estate projects. Addition-
ally, the current devaluation of cur-
promise of timely delivery is an im-
portant factor in instilling confi-
dence in our customers.”
cial Project, launched the sale of 1st rencies has had a negative impact
phase of its luxurious ‘Springs Com- on financial investments.” “In the Speaking about the details of the
pound’ home project comprising 75 light of these situations, investment project, Sami Karam, Project Man-
double-storied villa style residences in real estate poses as an ideal alter- ager, said: ‘The Springs Compound’
yesterday. Combining Omani archi- native to most investors today and is spread over a total area of 63,758
tecture with contemporary Arab cul- hence has propelled the demand square metres comprising 129 luxury
tural construction, the villas’ interior even more. Springs Compound, in villas in all, with different variations
design is a combination of Arabic this regard provides a unique op- ranging in size from 200 m² to 220
and Western style. Strategically lo- portunity due to its location m². “Each villa is extended on two
cated in the fastest developing in- amongst other features. The yield in storey, a ground and first floor lev-
dustrial bay in Oman, the Springs Sohar is reaching 15 per cent. More- els, with a private landscape area,
Compound seeks to cater to the over, potential buyers have easy fi- two outdoor parking lots as well as
growing real estate demand acceler- nancing options from banks across private services,’ he said. “The com-
ated by the city’s rapid industrial the country”, he added. pound includes a mosque, a sports
growth and influx of residents and club and a recreational area. A mod-
tourists alike. On the progress of the 1st phase, Al ern infrastructure offers decorative
Hamdani said: “The Springs com- street lighting, attractive public
Addressing the press conference, pound is 70 per cent complete and is landscape areas and parks,
Bader al Hamdani, Marketing and expected to complete by May 2008. centralised sewage network with the
Sales Manager, said: “The growing Timely delivery is a core constituent main entrances and exits provided
residential demand in Sohar due to of our overall marketing objective. with a 24-hour security tool booth
the pace of its industrialisation is We realise that adhering to our with access barriers,” he added.

Al Madina A’Zar
A’Zarqa pr
’Zarqa oject on cour
project se
course
A l Madina A’Zarqa, the most sig-

nificant infrastructure develop-
ment in Oman and one of the big-
In other words, when one purchases
a property in Al Madina A’Zarqa,
payments are directed to bank ac-
which funds are made available to
BCC1, all funds must be held in spe-
cific bank accounts.
gest developments in the Middle counts held in the name of Blue City
East, is firmly on course and pro- Company One and supervised by The monitoring and supervision of
gressing without delay on phase the bondholders’ representative the funds is overseen by the Bank
one of the city. bank, and not to the shareholders of of New York, as the appointed repre-
the company,” added Prof Akhlaghi. sentative of the Bond Holders. A
The 32-square kilometre project, lo- The funding of Al Madina A’Zarqa’s technical adviser, Hill International
cated 60 minutes north-west of first phase differs greatly from other (UK) Ltd, also participates in the
Muscat, is divided into a number of developments in the Middle East. monitoring and supervision of the
phases, the first phase being 2.6 Unlike most other real estate project to ensure compliance with
square kilometres. The development projects in the region, Al Madina A’ the conditions on which funds have
will create a tourism platform for the Zarqa does not rely solely on the been made available to BCC1. Prof
country and will help to position pre-sale of off-plan property to fi- Akhlaghi commented that the strict
Oman as an international destina- nance the development. This pro- supervision of fund releases has not
tion. It will also become a vehicle for vides investors and purchasers with affected progress of the project.
thousands of job opportunities di- the highest levels of confidence that “Phase one of Al Madina A’Zarqa is
rectly in the new city and thousands the project is protected from all man- on schedule and progressing with-
of other jobs created through satel- ner of challenge during its lifetime. out delay,” he said. “The main
lite services to the city. contractor’s direct work force de-
Phase one of the project used a ployed on site is expanding rapidly.”
“Al Madina A’Zarqa is not only sig- unique and pioneering funding ve-
nificant in the region due to its hicle through issue of bonds on the Various enabling and preparation
sheer size and scope, but also due Irish Stock Exchange that raised ini- work has advanced, including the
to the independent legal and finan- tial funds of $925 million. Depending construction of a major facility on
cial structures under which the on their category, the bond issue site to provide accommodation for
project is secured and managed,” has already been formally rated at more than 7,000 workers, engineers
said Professor Fari Akhlaghi, Man- investment grade by major interna- and staff. The facilities for delivery
aging Director and CEO of Blue City tional rating agencies such as Fitch of the project are now complete and
Company 1 SAOC, the special pur- and Moody’s. The bonds, which are include living accommodation and
pose vehicle incorporated to over- traded instruments on the financial all amenities for single status and
see the management of phase one of markets, have been purchased by married personnel. The project has
Al Madina A’Zarqa project. “BCC1 major international institutions that passed more than one million man
SAOC is an independently financed are regularly updated on the hours of site activity without any
legal entity established to develop progress of the project and regard accidents and with significant con-
Al Madina A’Zarqa, operating inde- them as sound investment. Accord- struction activity about to start, this
pendently of the shareholders. ing to a strict loan agreement under figure will escalate rapidly.
Real estate, luxur

estate, luxuryy ho
hottel project launc
project hed
launched
T he Malkai, a project represent

ing a significant real estate and
luxury hotel development in Oman,
the finest around the world. The
project is scheduled to open by the
end of year 2010.
Khimji, owner of The Malkai, said:
“Through the project we hope to
make a statement in lifestyle and in
was launched yesterday. architecture.”
Al Maeen Real Estate Services Co
Designed to be an exclusive commu- LLC is the developer of the project. He informed the media that the
nity, The Malkai at Barka will com- project would be spread across 216
prise a country club, residences and Announcing the launch at a press acres and will comprise 101 four-
resort that will compare to some of conference at Hotel Chedi, Pankaj bedroom villas for sale, 92 two bed-
MARKET REPORT 21
room suites, as well as a boutique ity for the Middle East. “Golf is a property for the exclusive use of
hotel offering 41 luxury suites. great catalyst for getting people to residents and guests.
travel. Bringing golf to Oman is
The project, estimated to cost $250 something I am going to enjoy. The Reda Amalou, architect, AW2 who
million, will be a low-density devel- best part of Oman is that there is a was at the press conference said the
opment and only 10 per cent of the lot of fresh air and sunshine,” he project while clearly contemporary
216 acres will be built up. It will be a said. would remain rooted in the essence
freehold title and there won’t be re- of Omani architecture and tradition,
striction on foreign ownership. The Malkai’s master plan and lead giving a strong sense of place.
design has been carried out by AW2
The approximate price currently from Paris. Internationally acclaimed The extensive use of walls, screens,
starts at $1.3 million for the two bed- designers Jaya and Associates are shadows and light throughout the
room suites and $4 million for the responsible for the interior design of design is a direct reference to this
villas. all the villas and suites, which will rich Arabian and Islamic architec-
be presented fully furnished for tural past.
Pankaj also said that a world-class sale. Each property will be fully
nine hole golf course — the first landscaped and also feature large The operator of the project is the re-
ever in Oman designed by re- swimming pools. All villas will have tained management company; GHM
nowned golf course architects, Gary direct golf course views. A fully ser- (General Hotel Management Ltd)
Player Design, will be an added ad- viced spa enclosed in a walled water bears the unmistakable imprint of
vantage for the owners and guests garden will also be part of the legendary hotelier Adrian Zecha and
at the property. project. will be setting a standard of style
and service.
Pankaj and the most successful in- Additional facilities will include the
ternational golfer Gary Player also main clubhouse, two restaurants, a International Chartered Surveyors
signed a golf-designing contract at boutique, delicatessen, a junior club and Property Consultants, Cluttons
the launch. and tennis courts. are managing the sales of the
project. Alex of Cluttons said, for
Gary who was present at the press The Malkai will also have its own those who buy the property it will
conference said he had a great affin- Beach Club within easy reach of the be a turnkey purchase.
Muriya star
Muriya ts signing of Phase 1 contracts
starts
M uriya Tourism Development

has initiated the process of
signing the agreements with the
Abuelhawa said.
The signing of the contracts com-

erties will provide diversity in archi-
tectural style that will at the same
time be integrated with Omani cul-
customers of the Phase I of its two menced on April 5, wherein ture and traditions. Muriya is com-
major projects — Jebel Sifah and Abuelhawa along with the director mitted to preserving the country’s
Salalah Beach. The first phase of of customers relations and sales op- natural treasures and is leading the
both the projects was sold out erations, Hani Macki were present way in promoting environmentally
within 48 hours of being launched in on the occasion of the first cus- and socially responsible tourism.
the last quarter of 2007. tomer signing. Muriya is currently
arranging appointments for custom- Muriya Tourism Development Com-
Director of sales Ali Abuelhawa de- ers to sign their contracts. pany was established in Oman in
scribed the signing of the contract March 2006, as a joint venture be-
as a moment of great importance for Mobilisation of the sites is already tween Egypt’s Orascom Hotels &
Muriya. “The proud owners of the underway and the projects are pro- Development 70 per cent, and the
420 apartments and villas have been gressing as planned. The integrated Omani government 30 per cent rep-
eagerly waiting to sign the contracts tourism complexes will feature a di- resented by Omran. Muriya is in-
and we are very pleased to an- verse range of commercial, tourism vesting over $900 million in four ma-
nounce the same. With this, we are and high-end luxury facilities such jor projects in Oman, namely Salalah
entering the next phase of Muriya’s as real estate, hotels, marinas, golf Beach, Jebel Sifah, ‘City Walk’ in
ambitious development plans,” courses and much more. The prop- Muscat and Al Sodah Island.

W.J. TTo
owell, 3 Indian companies tto
o tteam
eam up
for real estate development
W .J. Towell Group has joined

hands with three leading In-
dian business houses for real estate
Anil Wadhwa, India’s ambassador
to Oman said: “For these giants of
Indian industry, an association with
development project, signed off by
the two partners, Towell Construc-
tion and Simplex represented by
development in Oman. Piramal W. J. Towell & Co. in Oman will Amitabh Mundhra, director.
Group, Simplex Infrastructures Ltd bring in synergy and will surely help
and Talati and Panthaky Associated to build and maintain close Indo- Leading architectural and design
Pvt Ltd are the companies joining Omani relations.” firm Talati and Panthaky Associated
hands with W.J. Towell Group, Pvt Ltd, enjoys an unparalleled po-
headed by Hussain Jawad as the Piramal Group under the leadership sition of prestige in its field.
group chairman. of Ajay Piramal has a group turn-
over in excess of $1.1 billion, and a The firm was established four de-
Imad Sultan, director in-charge of total market capitalisation of $1.88 cades ago by group Chairman
Indian ventures, W.J. Towell & Co. billion. Active in four main business Noshir D. Talati. Talati and
LLC said: “We are entering a new sectors, including pharmaceuticals, Panthaky’s design is transforming
phase in its long history of success financial services and real estate, more than 40 million sqft ranging
within the region. The association Piramal has a global presence with from residential, commercial, corpo-
with these joint ventures will bring a representation and offices through- rate headquarters, retail, entertain-
new level of interest and expertise to out Europe and in the United States, ment and health, education.
the fore in all W.J. Towell construc- the United Kingdom, Canada, China,
tion and real estate activities.” South America and Sri Lanka. By engaging in these joint ventures
Ivor Braganza, CEO (Property &
W.J. Towell Group, formed in 1866, Simplex’s history and current market Construction) said: “W.J. Towell is
has been a pioneer in property de- presence is equally impressive. The adding another successful chapter
velopment in Oman. Way back in company has enjoyed an uninter- to its rich history in Oman. The new
the 1970s, the company developed rupted profit track record since its alliance with these major players of
the first residential complex inception in 1924. With a business Indian industry will undoubtedly
characterised by garden courts, vil- model emphasis in diversification, add significant value to the tremen-
las, apartment blocks and commer- Simplex has executed over 2,100 dous progress of Towell’s construc-
cial centre. Property/real estate and prestigious projects in India and tion and infrastructure projects to
construction is one of the group’s across the world. Simplex was re- the benefit of all of us within the
core businesses. cently awarded the Seeb Corniche Sultanate.”
Suhail Bahwan vventures

Bahwan entures into pr
into oper
proper ty mar
operty ket
mark
Source: Times of Oman - March 30, 2008
A t a time when Oman is experi-

encing a rapid development
phase unparalleled in its history, the
tate arm of Suhail Bahwan Group,
unveiled the two exclusive projects
yesterday at a ceremony held at
tural splendour and spacious envi-
ronment within the residences as
well as the premises.
Suhail Bahwan Group is venturing Grand Hyatt Muscat. Saad Bahwan
into property development with two and Milind Pathare, business head- The project will include private
premium projects —a luxury resi- real estate, Suhail Bahwan Group, pools, shopping facilities, spa, root-
dential development and a state-of- attended the press conference. top pool, restaurant, and health club
the-art commercial building. The — the luxury standards befitting the
projects are being offered to both According to a company release, cream of high-end clients associated
Omani nationals and Gulf citizens. Janayin Sama (Sky Gardens) will set with the development.
new benchmarks in luxury and con-
Bahwan Properties LLC, the real es- venience, unparalleled in architec- Janayin Sama will be located in
MARKET REPORT 23
North Ghubra, a few minutes from buildings is reserved for vehicle will form only a small segment of the
the beach and close to ministries parking, with dedicated space for facilities at Janayin Sama.
and embassies. One of the compel- two vehicles to each resident.
ling attractions of the project is that The second landmark will be a com-
it is located within the heart of Mus- The architectural design of Janayin mercial building project, Al Rawaq,
cat city, providing island of calm, Sama has been conceptualised by which will come up in the prime
greenery and water bodies which architect Karan Grover, winner of Qurum area, between Nissan show-
combine to offer a sophisticated the first Leeds Platinum award for room and Omanoil headquarters.
lifestyle unparalleled in Oman. green buildings in India. The commercial property is expected
Janayin Sama will have leading to attract international corporate
brands operating in the shopping Real estate management company houses. This commercial develop-
arcade, along with a world-class Cluttons has been appointed the ex- ment features substantial basement
spa, restaurant, health club and rec- clusive selling agent of the project. parking and 44,000 square metres
reational hall managed by renowned showrooms and offices.
operators. Janayin Sama will be the only
project of its kind, which offers du- Spread over ground plus six floors,
In all, 175 exclusive residential units plex-pent houses with private pools. the offices will be available on lease
will come up in Janayin Sama’s three The ground floor will comprise du- in a wide range of areas, providing
buildings facing a green courtyard. plex apartments facing the green flexibility of space design.
The entire basement of the three central courtyard. Shops and offices
Al Nabri Global tto

o se
sett up
RO10 million ho
O10 hottel and resor
resortt
A l Nabri Global Investment Com-

pany recently announced the
establishment of a world-class sea
of the company, said that the project
would form a new addition to the
hotel and tourism sector in the Sul-
project would create 200 job oppor-
tunities for Omanis, he said adding
that the hotel’s management would,
view hotel and resort at Al Zaafaran tanate. It backed the government in cooperation with the Ministry of
in the wilayat of Sohar. trends in enhancement of infrastruc- Manpower and the Ministry of
ture in the wilayat of Sohar, he Tourism, set an Omanisation plan.
Construction works on the project, added.
worth around RO10 million, is ex- Priority in employment would be for
pected to commence by the end of ‘In the next few days, we will sign Omanis with some well experienced
the third quarter of the year and will three agreements; the design agree- expatriates in the tourism field also
be complete by 2010. It will have 207 ment with an international being employed, he said stressing
rooms, 10 luxurious suites, 2 presi- consultancy firm in the Sultanate; that there is a need for comprehen-
dential suites, seminar and meeting an agreement for finance with a lo- sive training programmes in the field
ballrooms and other hotel services. cally operating bank and agreement of hotels and hospitality for Omanis
with an international company for so as to ensure distinct services for
Abdullah bin Ali Al Nabri, chairman operating the project,” he said. The visitors, tourists and businessmen.
The Wave’s Ocean Vie

Wa w pr
View oject an instant hit
project
T he recent sales launch of Ocean

View villas and Almeria North
apartments, at The Wave, Muscat
“Details of the launch were made
available on March 2, and crowd
started gathering outside The
launch date.
“By the evening of March 7, some

received an overwhelming response, Wave, Muscat offices immediately 150 people had assembled at the
and was an instant sell out. after that in sheer speculation of the project site. Whilst this is a huge

tribute to the credibility of The than simply a real estate develop- metres along 6km of natural beach.
Wave, Muscat and success of the ment. It is helping to diversify the The Wave, Muscat, once complete,
project, it was a situation that re- economic base of the country by at- will be home to 4,000 dwelling own-
quired immediate attention,” The tracting direct foreign investment ers of all nationalities, a signature
Wave said here in a statement. worth RO1 billion. It also adds thou- 18-hole green golf course designed
sands of jobs to local employment by the legendary Greg Norman, 300
In an effort to address the situation and contributes to enriching berth marina, three luxury hotels, vil-
and ensure complete transparency, people’s lives in the heart of Mus- las, retail and restaurant outlets.
the management had a dialogue with cat. More than 2,500 people are em-
the crowd and potential customers ployed on site and the project man- Located within a 10-minute drive
were allowed access to the specially agement team has grown to 100 from the centre of town, the commu-
prepared tent in order to insure their people working towards making this nity will be within driving distance
safety and welfare. The registration project a success. from the numerous authentic attrac-
process soon followed just after tions of Muscat, while enjoying
midnight on March 8, and continued The Wave, Muscat has been world-class amenities and facilities.
until 9am when everyone holding a recognised and rewarded with inter- The Wave, Muscat is being devel-
registration card has been offered a national and regional awards from oped through a joint venture com-
chance to secure a property in this prestigious organisations such as prising Oman’s Waterfront Invest-
release. CNBC Arabian Properties and the ments (representing the Government
UK-based Homes Overseas Maga- of the Sultanate of Oman), National
More than 3,000 properties will be zine. The Wave, Muscat is a fully Investment Funds Company (repre-
offered in this beachfront commu- master planned community over- senting Omani Pension Funds), and
nity. The Wave, Muscat, is unprec- looking the Gulf Of Oman occupy- the UAE-based Majid Al Futtaim
edented in Oman and is much more ing a total area of 2,500,000 square Group.
Sayyid Haitham ttees

Sayyid ees of
offf ‘Muscat Hills’ project
project
T he Muscat Golf and Country

Club’s new brand identity of
‘Muscat Hills’ was unveiled by His
The new logo is inspired by the
“golf swing”, the most debated
topic in the game and illustrates the
Muscat Hills comprises four aes-
thetic and environmentally friendly
parts that includes a golf course, an
Highness Sayyid Haitham bin Tariq grace of motion while encapsulating exclusive gated residential develop-
Al Said, minister of heritage and cul- the organic beauty of the project. ment, boutique resort hotel and pre-
ture, at an exclusive launch event miere Country Club in addition to a
held at the Grand Hyatt Muscat. “Muscat Hills is easily the most tract of commercial land to house
unique real-estate development in premium office space, retail and en-
A cherished dream and the brain- Oman, as it was born not out of any tertainment.
child of His Highness Sayyid Qais commercial motivation but purely
bin Tariq Al Said, Muscat Hills will out of one man’s dream of gifting The first phase of the residential
bring many benefits of champion- his country with its first green units comprising 80 deluxe villas
ship golf to Oman and rank amongst championship golf course,” ex- and 25 exclusive apartment blocks
the best golfing experiences in the pressed Chandra Lahiri, group man- along the periphery of the golf
region. Anticipated to be the most aging director of Muscat Hills. course have already been sold out
spectacular and challenging course “There is little doubt that it will be a and the next, and final, phase of
in Arabia, the first PGA-standard 18 magnet for premium golf tourism high-value luxury homes in nooks
hole Par 72 championship green golf and we are fortunate to have a around the golf course will be of-
course in Oman is designed by the group of world-class partners to fered by invitation only.
internationally renowned Paul Tho- bring this project to fruition.”
mas of Dave Thomas Associates He added: “Another noteworthy
and integrates the sporting de- Lahiri went on to say that a steering feature at our project will be an
mands of a high quality champion- committee of reputed professionals academy, not only to teach the game
ship course with the natural beauty was also constituted by His High- to aspiring youngsters here, but
of the Omani landscape, contrasted ness Sayyid Qais bin Tariq Al Said also to train Omanis in the highly
by picturesque fairways, lush to advise the management of the skilled vocations of golf course
greens and dramatic wadis. project. maintenance
MARKET REPORT 25
Gulf construction ffeels
eels heat of supply shor tages
shortages
Source: Times of Oman - February 20, 2008
T he Gulf's booming construction

industry is feeling the heat of
soaring materials costs and labour
few years on the back of record-
high crude oil prices, which are
pumping huge liquidity into the
als prices in pre-arrangements with
contractors.
shortages amid concern that supply economies of Gulf Cooperation "We are formulating deals with con-
pressures coud delay the comple- Council (GCC) countries. tractors that will give us better pro-
tion of projects. tection from cost escalation," said
It was research firm Proleads that in Matt Joyce, managing director of
The economy minister of the United November quoted the value of Gulf Nakheel's Waterfront project in
Arab Emirates (UAE), whose con- construction projects at 2.4 trillion Dubai.
struction and real estate sectors dollars. This would rise to 2.5 trillion
contributed 23 percent of the eco- dollars (1.7 billion euros), if projects "We've spent a lot of time
nomic output in 2007, has warned currently only at planning stages formalising 'locked-in' agreements
that supply constraints might slow were included, it added. for building materials such as steel.
construction in the area. If you 'lock-in' with contractors early
But this building boom in GCC mem- enough the price escalation risk can
"Regional and international factors ber states -- Bahrain, Kuwait, Oman, be removed," he told AFP.
that could unexpectedly cause a re- Qatar, Saudi Arabia and the UAE --
cession (in construction) should be has put extra pressure on the supply Dubai-based Emaar, the largest Arab
watched, Sheikha Lubna al-Qassemi and cost of construction materials property developer by market value,
told an industry conference in Abu and labour force. "There is a chronic also acknowledged the impact of
Dhabi earlier this month. shortage of resources. Clients are surging costs in January, saying
facing a shortage of contracting ca- higher "pre-operating expenses"
Among the critical factors were pacity while contractors are having would cut profits generated by malls
"knowing the limit in terms of the difficulty sourcing labour and mate- and hotels in 2008.
availability of building materials and rials," said a report by the Middle
labour force," he said. Construction East Economic Digest (MEED) Con- The property giant, currently con-
in the Gulf, currently valued at 2.4 tractors Survey 2007. structing the world's tallest tower,
trillion dollars (1.6 trillion euros), has Burj Dubai, said its profits in 2008
been hit by increased worldwide de- "The result is soaring materials would grow at the same three-per-
mand for building materials, as con- costs and wages, which in turn have cent rate as last year.
struction fever spreads to countries seen project costs soar," it added.
such as China. An Emaar spokesman told AFP that
Giant UAE property developer increased construction costs had
The Gulf region has experienced its Nakheel said it was trying to offset not caused delays to projects being
own building frenzy over the past the unexpected escalation in materi- completed.
31 pacts ffor
or 575 housing units in Dhofar signed
575
T hirty-one agreements for con-

structing 575 housing units
worth RO26,265,472 were signed at
The projects come in response to
the royal directives of His Majesty
Sultan Qaboos bin Said during his
tion of 180 housing units in the
wilayat of Thumrait, 140 at Shaleem
and Al Halaniyat Islands, 235 at Al
the office of the minister of state annual tours, aimed at ensuring that Mazyouna, 10 at Aybout (1) and 10
and governor of Dhofar here yester- modernisation would reach all parts at Aybout (2).
day. of the Sultanate.
The signing ceremony was attended
The agreements were signed by The tours also aim at achieving fur- by the acting deputy governor of
Sheikh Saif bin Mohammed Al ther achievements for Omanis and Dhofar, the chairman of Dhofar Mu-
Shabibi, housing minister; and securing better future for the coun- nicipality and the secretary-general
Sheikh Mohammed bin Marhoon Al try and its sons. of the supreme committee for town
Ma’amari, minister of state and gov- planning, a number of walis and
ernor of Dhofar, with 23 contractors. The agreements include construc- CEOs of the contracting companies.

Bank Muscat tto
o build
RO36m head of
offfice in Seeb
B ankMuscat is gearing up to
move into a 32,000sqm state-of-
the-art head office building that will
BankMuscat head office project to
Galfar Engineering and Contracting
SAOG. The lead architects and con-
cial features for the disabled, and
added security and safety measures.
Designed to project the bank’s im-
come up at Airport Heights, Seeb by sulting engineers of the project are age of a corporate environment with
mid-2009. WS Atkins International & Co; the an Omani identity, the building will
project manager is Mace Interna- reflect the bank’s vision for the fu-
The bank has entered into a 50-year tional Ltd and the IT and Security ture, its commitment to the public,
lease agreement with Internal Secu- consultant is Sinclair Knight Merz and be a bold statement that de-
rity Service Pension Fund, which (SKM). There are also various other mands attention.
has agreed to build a custom-de- consultants who are involved in the
signed head office complex for the project for other specialised areas According to bank sources, the new
bank. Work on the project, which such as interior decoration and head office building will bring with it
has been estimated at RO36 million, landscaping etc. We are confident a host of benefits. Besides provid-
has already commenced. that the new building will meet the ing a unique address to Bank Mus-
needs and aspirations of all our cur- cat, it will lend an excellent working
Speaking at a press conference an- rent and future employees and fur- environment to its staff and help
nouncing the move, AbdulRazzak ther strengthen the perception that boost their morale and motivation.
Ali Issa, chief executive of the bank, BankMuscat is the best place to
said: “The new head office is de- work in the Sultanate.” The proposed building will also im-
signed to be a landmark building in prove efficiency by reducing move-
the Sultanate incorporating the lat- John Cruiser of WS Atkins made a ment of staff and documents be-
est technologies, security and con- presentation about the design and tween different head office build-
veniences that will accommodate purpose of the new building. “The ings in different places. There will
the bank’s current and future re- new BankMuscat building is an ex- be higher customer satisfaction on
quirements. The building will also ample of a greater level of architec- account of their being able to carry
reflect our vision and stature of be- tural finesse. The design reflects a out all transactions in one single lo-
ing a leading regional bank.” The commitment towards a sustainable cation.
bank’s head office currently oper- future, social responsibility and en-
ates out of 11 buildings in Muscat. ergy efficient initiatives,” he said. In addition to this, the new premises
will have over 1,600 parking spaces
Waleed Al Hashar, member of the The proposed building has a host of for customer and staff convenience.
head office project steering commit- novel features, like overhangs and It will also offer a better business
tee for BankMuscat, said: “Our part- screen, automatic lighting control continuity plan, as the location of
ner, Internal Security Service Pen- and variable air volume, in addition the disaster recovery centre (in
sion Fund, has awarded the contract to facilities for social interaction, Ruwi) will be outside the recom-
for construction of the new healthcare facilities, a crèche, spe- mended 7km exclusion zone.
Rising steel prices hit construction

Source: Oman Tribune - January 6, 2008
R ising steel prices are proving to

be a damper on the ongoing in-
frastructure projects in the Sultan-
specific, it is affecting the construc-
tion sector in the country. Globally
steel prices are currently on an up-
East region by $30 per tonne from
January 1.
ate. Steel prices have been on an swing. Hyundai Steel, South Korea’s sec-
uptick for some time now. It rose ond-largest steel maker, said on
from RO90 per tonne in 2001 to Last month, ArcelorMittal, the big- Wednesday it will raise prices of
about RO400 per tonne in 2007. gest steel producer in the world, some steel products by up to 7 per
said it would raise the price of its cent, reflecting soaring raw material
Though the price rise is not Oman- long steel products in the Middle prices, Reuters reported.
MARKET REPORT 27
And closer to the Gulf, Indian steel imported steel to soften the blow for struction projects. This problem
makers have raised prices by RO5 to builders. could be solved by establishing
RO10 a tonne across product cat- steel factories,” Mustafa added.
egories on rising prices of raw mate- Mustafa Mukhtar Sayed, a sales ex-
rial such as coking coal and iron ore. ecutive with Bahwan, blamed the Welyam, manager of Al Rami Con-
price rise on the unprecedented struction Materials Co., said the cur-
In the face of the relentless price construction boom. rent wave of price rise affects every
rise, the demand for setting up steel one because “it touches our daily
factories in the Sultanate is rising. “Steel is hard to come by in the local activities and makes us unable to
Some are also calling for subsidy on market and this has resulted in de- meet our basic needs”.
lays in the execution of many con-
Gulf S
Sttone Compan
Companyy opens factor
oryy in Sohar
factor
Source: Times of Oman - January 6, 2008
T he factory of Mahajir Al Khaleej

(Gulf Stone) Company was
opened at Sohar Industrial Estate
witnessed significant growth. He
said that the Sultanate was putting
in tremendous efforts for develop-
Ahmed bin Mohammed Al Rasbi,
chairman of the company, said that
the idea behind establishing the fac-
under the auspices of Mohammed ing industries through providing in- tory was production of materials
bin Nasser Al Khusaibi, secretary- centives and required infrastructure. that could be domestically and inter-
general of the Ministry of National nationally utilised by making use of
Economy, in the presence of The minister of commerce and in- the raw materials available in Oman.
Maqbool bin Ali Sultan, minister of dustry said that the Sultanate had
commerce and industry. secured appreciable growth in the The chief guest and the attendees
industrial sector, particularly in toured the various sections of the
Al Khusaibi said that the factory Sohar Industrial Estate, emphasising factory, where they were briefed on
represented a new addition to the the role played by Sohar Industrial the stages of production of indus-
Sultanate’s industrial sector, reaf- Port and the mega industries at the trial marble by using high quality
firming that the Omani industry had Sohar Industrial Estate. quartz substance.
Barka R
Bark esor
Resor ts joins R
esorts CI ne
RCI tw
netw or
twork
ork
Source: Times of Oman - December 15, 2007
R CI has announced an agree-

ment with Allied Oman, the lei-
sure real estate enterprise owned by
furnished with a full range of appli-
ances and modern amenities. Set for
completion in 2009, the development
concierge services will be available,
including a spa, country club, cin-
ema and a selection of restaurants.
Salim Ali Nasser Aliyabi, to affiliate targets the AGCC and expatriate Sports facilities, swimming pools
the timeshare project at the Barka communities. With easy access to and water attractions add to its ap-
Resort. the airport, guests will experience peal as a family oriented resort. It’s
the flavour of Omani hospitality close to the famous Omani heritage
The Barka Resort located 60km to amidst a landscaped rural commu- site of Barka Fort, the beautiful
the east of Muscat consists of 65 nity that is adjacent to the beach. springs at Nakhal and even a local
units destined for the timeshare mar- Ostrich farm.
ket with a further 131 residential Residents will benefit from free ac-
units intended for a rental cess to a beach club and the facili- “The Barka Resort is an excellent ex-
programme. ties of a five star hotel being built ample of how Group RCI has the po-
within the same development. tential to add value to a developer’s
Inspired by the traditional Arabian project,” said Nick Turner, managing
architecture, each apartment will be An extensive range of amenities and director of Group RCI in the Middle

East. vice centres we offer Allied Oman recognise the potential of the Omani
the opportunity of distribution market and appreciate what makes it
“With our network of customer ser- through a global network. We distinctive in the tourist market.”
Accor Hospitality plans Sofitel hotel in Oman

Source: Oman Observer - December 12, 2007
A ccor Hospitality Middle East

has announced the signing of a
new Sofitel hotel, the Sofitel Muscat
hotels by 2011.
Says Christophe Landais, Managing

a time when the Sofitel brand is be-
ing elevated in the international
luxury hotel market. I believe the
& Spa. The opening, scheduled for Director, Accor Hospitality Middle Sultanate is ready to receive more
January 2011, will see the Sofitel East, who spoke at the ceremony: upper upscale international hotel
brand venture into the Sultanate for “We are thrilled to open yet another brands and so we anticipate a fruit-
the first time with over 230 rooms Sofitel hotel in a brand new market. ful opening and partnership with
and a location on the Azaiba beach Oman is undeniably the region’s Accor Hospitality.”
front. Sofitel Muscat & Spa will be emerging leisure capital; I believe
owned by Al Mashriq Hotels & our hotel will meet the growth in de- True to the new positioning of the
Tourism and managed by Accor mand for the deluxe five-star hotel Sofitel brand, Sofitel Muscat & Spa
Hospitality Middle East. sector in the Sultanate and the re- will provide guests all the luxuries of
gion, and will undoubtedly set the an elite expansive beach hotel, from
The major announcement affirms benchmark with its contemporary its well-being bedrooms to the
Accor Hospitality Middle East’s ag- lifestyle appeal, spa facilities and unique luxury spa. Dining options at
gressive development plans for the French flair, all symbolic of our most the Muscat hotel are second to
region. A leading developer of all upscale hotel brand.” none and cater to all age groups;
hotel segments, from budget to up- the hotel offers three speciality res-
scale, the international hotel group Sami Ahmed Macki, Managing Di- taurants including a Japanese-
continues to expand its regional rector, Al Mashriq Hotels and Tour- themed restaurant, a barbeque rotis-
portfolio of four brands — Sofitel ism, who was also present for the serie, all-day-dining area, children’s
Luxury Hotels, Mercure, Novotel ceremony, added: “We are delighted club restaurant and a teenager’s
and Ibis and fully aims to reach its to sign this strategic development club restaurant. It will also have a
ambitious target of developing 70 agreement with Accor Hospitality at lobby lounge, pool and theme bar.
Consolidat
Consolidateded Contractor
orss wins
Contractor
multi-million dollar Omagine contract
Source: Oman Observer - December 12, 2007
O magine Inc, the majority owner

of the proposed multi-million-
Omagine project, has announced
SAL (CCG) is a worldwide
organisation with $5 billion in rev-
enue and employs approximately
sidiary Journey of Light (JOL),
which is the majority owner of the
project.
the general contractor which will 125,000 people. The announcement
lead the construction of the 300-acre is the second in a series of major Drohan said that an investment arm
residential and entertainment com- events anticipated in the next few of CCG and another Omani financial
plex planned near Muscat. Consoli- weeks, culminating in the final step investor will each become minority
dated Contractors Company Oman needed to begin construction. equity shareholders of Omagine
(CCC), which is the Omani subsid- SAOC, the company that is cur-
iary of Consolidated Contractors “With CCC, we have a contractor rently being formed in Oman by JOL
Group SAL, will be responsible for with a very strong reputation, a suc- to build, own and operate the
all construction activities for the cessful history of high-quality con- Omagine project. The company —
company’s Omagine project, said a struction — on time and within bud- through its 100 per cent ownership
company statement. get — and a very active presence in of JOL — will own 70 per cent of the
Oman,” said Frank J Drohan, Presi- project company’s equity. “We iden-
Consolidated Contractors Group dent of the company and of its sub- tified CCG early on as a potential
MARKET REPORT 29
partner who could handle the scope most prominent contractors in the Oman just west of the capital Mus-
of this development and the rapid Middle East to bring to life one of cat.
nature in which it is unfolding,” the most forward-looking projects in
Drohan said. this region today.” The project also includes the con-
struction and sale of approximately
“They can mobilise the very sub- The company’s planned Omagine 3,300 residential housing units in-
stantial manpower and equipment project is an integration of cultural, cluding luxury villas, townhouses
resources required almost immedi- heritage, educational, entertainment and apartments in addition to 450
ately and they have the capability to and residential components. As serviced apartments and 150 em-
execute high quality work quickly presently planned, Omagine will be ployee apartments. The project is
and efficiently. We are proud to be located on 1.2 million square meters expected to take between 4 to 5
working closely with one of the of beachfront land facing the Gulf of years to complete.
Blue City kicks of

kicks offf
first phase of development
T he groundbreaking ceremony of
the first phase of Al Madina
A’Zarqa — a visionary city devel-
expresses an appreciable unique-
ness, rich and natural beauty, dis-
tinct environmental integrity that
The Blue City — a unique 32 square
kilometre project and a significant
metropolitan development in Oman
opment in Al Sawadi — was held ensures all potential for success. — creates an entirely new city of
yesterday evening. The ceremony “Al Madina A’Zarqa is planned to more than 250,000 people and repre-
was held under the auspices of His become a model for a lifestyle that sents an estimated $15 — $20 billion
Highness Sayyid Asaad bin Tareq al adapts to the surrounding environ- investment. The highlight of the
Said, Representative of His Majesty ment. The project has not excluded event was the laying of the founda-
the Sultan. It was attended by His traditional Omani architectural de- tion stone of the first phase by HH
Highness Sayyid Haitham bin Tareq sign and construction; on the con- Sayyid Asaad to mark the official
al Said, Minister of Heritage and trary it is inspired by the architec- commencement of the development
Culture, members of the Royal fam- tural elements to be found in the lo- and the birth of Oman’s new city.
ily, Dr Rajha bint Abdulameer bin cal environment. Al Madina A´Zarqa Guests at the gala ceremony were
Ali, Minister of Tourism, diplomats is planned to be a model for those also treated to a stirring musical per-
and dignitaries from across the re- seeking relaxation in an integrated formance by renowned singer Ste-
gion and Oman. community that meets the need of fanie Rose Airey, accompanied by
daily life including family and work Paul Schwartz.
Anees Issa al Zadjali, Chairman of requirements”.
Al Sawadi Investment and Tourism A short film titled A New City is
(ASIT), which is developing the HH Sayyid Asaad told reporters that Born in Oman was aired. Shown in
project, also attended the function. Oman is looking forward to set up two sections, the film depicted the
In a welcome address, HH Sayyid such projects, as it has several ad- past and present of Omani architec-
Haitham reiterated that “A Royal vantages. “We are trying to have a ture, and included an impressive
Decree was issued in 1982 assigning balance between different areas (in presentation of Al Madina A’Zarqa.
all government lands at Al Sawadi terms of development). . . . So that Al Madina A’Zarqa will comprise a
area for tourism purposes. Al all areas will be developed equally series of compact communities, set
Madina A’Zarqa came to reaffirm within the next 10 years. This will within an extensive, dramatic coastal
this assignment of the area through benefit local people, and provide landscape. The small-scale build-
a profound and precise reading for them with education and training,” ings borrow from traditional Omani
the future of the place, and to keep HH Sayyid Asaad added. The first architecture, forming tight-knit clus-
abreast of the government’s initia- phase of the project is due to be of- ters that offer privacy, peace and
tives which are supportive of the ficially released for sale tomorrow safety. Roads will be curving and
tourism sector as per the stipula- featuring a select group of proper- organic, meandering and winding —
tions of the royal decree.” ties which will form part of the ‘town offering surprises at every turn.
within the city’ — and which will be Connections will be seamless, with
The project enjoys a number of ad- ready for delivery by 2010. Further opportunities for discreet car park-
vantages not only as an integrated properties will be released for sale in ing, combined with pleasant
modern resort but also the area itself the coming months. pedestrianised routes that are

shaded and cool. more than 6,000 people working on partments involved to prepare for
this project, as well as the infra- the beginning of work.
ASIT has established very high structure of this large job-site are
standards in this project. Enka from nearing completion. More than 70 million working hours
Turkey and Elliniki Technodmiki and almost one million cubic metres
from Greece, the shareholders of the The first team of experts — consist- of concrete will be required for the
Omani company AECO Develop- ing of more than one hundred and construction of phase one of the
ment, which is responsible for the fifty people — has been working fe- project, which involves more than
first phase of this project, are fully verishly for a year now in close co- one million five hundred thousand
committed to the target. The tempo- operation with the respective teams square metres of buildings and the
rary city, which will accommodate of ASIT and all the government de- respective urban infrastructure.
Leading sanitar
sanitaryy ware ffirm
ware irm
to tap ttourism
ourism boom in the sultanat e
sultanate
R oca, the world-leader in

sanitaryware, is looking at a
three-digit growth in the Sultanate
Sohar and Nizwa.
When asked about Roca’s market

sanitaryware, faucets, bathtubs, ac-
cessories, kitchen sinks, bathroom
furniture, hydromassage wellness
of Oman by capitalising on the share in Oman, Victor Schoone said: products among others.
booming tourism sector. “It all depends upon which segment The company also produces a com-
you consider. When you consider prehensive range of ceramic tiles in
With multibillion dollar integrated all the different segments of the its state-of-the-art plant at
tourism complexes mushrooming in bathroom sectors, then obviously Barcelona.
Oman, the time is ripe to bag a slice we have higher market share in the
of the sanitaryware share in all up- medium and higher segments.” Khimji Ramdas Infrastructure Group,
coming projects, said Victor the well-known player in building
Schoone, Roca country manager — “What we would like to get instead materials with a slew of international
Middle East, during a function to of a market share is the recognition brands, is proud to have repre-
introduce the latest designer series as a leader. A market leader usually sented Roca, in Oman, for the past
from Roca. has a good percentage of market two decades.
share. But we are definitely on a
The function was organised by the good path of growth in Oman,” With a wide network of showrooms
Infrastructure Group of Khimji Schoone added. and offices and a well-honed logis-
Ramdas, the renowned business tics and distribution network,
house of Oman and the exclusive Roca, established in Spain in 1917, Khimji’s provide the best-in-class
franchisee for Roca in the country. is the market leader in almost all service to valued customers across
countries where its products are Oman.
The new designer Roca series sold. It has factories and subsidiar-
launched at the show were from ies in over 115 countries across the The new initiative to increase the
world-renowned designers like globe. Its world-class Roca Design retail network with state-of-the-art
“Frontalis” designed by Rafael Centre, headquartered near Barcelo- outlets at Muscat, Barka, Al Khoud
Moneo; “Element” by David na, has revolutionised bathrooms and Sohar, is set to provide the cus-
Chipperfield; and “Happening & by introducing innovative and ver- tomers across Oman the conve-
Hall” by Ramon Benedito. satile products that adapt to the nience of having the best products
habits and sensibilities of different at their very doorstep. The audience
The function was attended by a vir- markets. The growing trend towards was welcomed by M. G. Chengappa
tual who’s who of Oman with reviewing this private space as one — senior divisional manager, Build-
nowned architects, engineers and where calm and well-being are para- ing Materials while N. S. Vijaya
consultants in the field, valued cli- mount, has fuelled Roca’s desire to Kumar, general manager — Infra-
ents, contractors and consumers, provide solutions to meet the varied structure Group, Khimji Ramdas ad-
representatives of various preferences of its consumers. dressed the elite gathering on the
organisations covering both the pri- occasion and thanked them for their
vate and public sector coming from Roca’s specialisation — “Every- continued support, cooperation,
all over the Sultanate including thing in Bathrooms” — includes and valued business.
MARKET REPORT 31
Jebel Sifah, Salalah Beach projects unveiled
Source: Times of Oman - November 21, 2007
I ntegrated tourism complexes Jebel

Sifah and Salalah Beach are all set
to become the hot new tourism ad-
Samih Sawiris, chairman of Muriya
Tourism Development, unveiled the
plans of the diverse range of com-
for sale at the two projects. A sales
team was on hand to offer further
assistance to potential buyers.
dresses in Oman with their official mercial, tourism and high-end luxury
launch yesterday. real estate available at Salalah Beach The first phase of the two projects
and Jebel Sifah. to be completed in five years, will
The two projects were unveiled yes- comprise a total of 550 villas and
terday by Muriya Tourism Develop- Muriya was established in March 1,200 apartments.
ment, the project promoter, at 2006, as a joint venture between
Shangri-La’s Barr Al Jissah Resort & Egypt’s Orascom Hotels & Develop- In exclusive comments to Times of
Spa under the auspices of Ahmed ment (70 per cent) and Omran (30 Oman, Ahmed bin Abdulnabi Macki
bin Abdulnabi Macki, minister of na- per cent), representing the Ministry said that the two projects are ex-
tional economy and deputy chair- of Tourism, Government of Oman. pected to add more than 4,000 jobs
man of the Financial Affairs and En- to the local labour market and con-
ergy Resources Council. Jebel Sifah and Salalah Beach with tribute greatly to the development
an initial investment of over $400 of tourism in the country.
A huge number of Omani and inter- million will be bustling communities
national potential investors, a host incorporating more than four hotels “Jebel Sifah and Salalah Beach are
of dignitaries including ministers, each, villas and apartments, first- two great projects of course, and
undersecretaries, members of the class marinas and marina towns, 18- will contribute not only to the devel-
Royal Family were in attendance at hole PGA golf courses, restaurants, opment of the country, but also to
the grand function held amidst dra- and prestigious retail outlets. the tourism sector, because the
matic settings of the amphitheatre at projects will contain almost four
Shangri-La. Potential investors who gathered at more hotels each and golf courses
the launch function expressed keen besides adding more than 600 hous-
Dr Rajiha bint Abdul Amir bin Ali, interest in the more than 250 apart- ing units in the first phase,” said
Oman’s minister of tourism; and ments and 160 villas, which are up Macki.
Foster+P
oster+Par
er+Par tner
tnerss tto
artner o design The Blue City
Source: Oman Tribune - November 20, 2007
A l Sawadi Investment and Tour-

ism (Asit) appointed Foster+
Partners to develop the master plan
is one of the most significant con-
struction projects in the Middle
East,” said Anees Issa Al Zadjali,
community, to the ecology of the
area and to the productivity of the
region. With its compact grain and
for Al Madina A’Zarqa (The Blue Chairman, Asit. defined courtyards, Al Madina
City), the most significant metropoli- A’Zarqa (The Blue City) is informed
tan development in Oman. “This metropolitan development will by Omani architectural traditions
serve as an incubator of change for and modern needs. Designed to
One of the foremost architectural Oman, raising its international cre- grow organically over time, the mas-
firms in the world and designers of dentials as a place for tourism, inter plan is richly layered with a care-
iconic structures such as Millau Via- vestment and living where the true ful mix of education, knowledge and
duct in France, Swiss Re Headquar- essence of Arabia is preserved, light industries.”
ters in London, Hong Kong’s Chek honoured and respected. This is a
Lap Kok airport and the Hearst challenging yet rewarding brief,” Al Madina A’Zarqa (The Blue City)
Tower in New York, Foster + Part- said Gerard Evenden, senior partner, project is supported by integrated
ners are tasked with developing the Foster+Partners. tourism legislation on freehold prop-
master plan for the city with a focus erty ownership that recognises in-
on delivering the modern essence of “The scheme for (Al Madina heritance laws from the purchasers’
Arabia, building on strong Omani A’Zarqa) Blue City offers an exciting country of origin. The project will
heritage and history without com- opportunity to create a new model create an entirely new city of more
promising on modernity and quality. for living and a new destination for than 250,000 people and represents
Oman. It also brings with it tremen- an estimated $15 - $20 billion total
“Al Madina A’Zarqa (The Blue City) dous responsibility – to its future investment.

Muriya tto
Muriya o launc
launchh proper
proper ty de
operty devvelopment projects
projects
Source: Oman Tribune - November 20, 2007
M uriya, one of the single larg

est tourism development com-
panies in Oman and a joint venture
much a part of the Salalah beach
and Jebel Sifah communities as we
do. Using many exciting and inno-
Vice-President Development,
Muriya Tourism Development re-
vealed.
between Egypt’s ‘Orascom Hotels vative methods, we plan to repro-
and Development’ and Oman’s gov- duce the very essence of what these The Phase-1 of Salalah beach and
ernment- owned company ‘Omran’ two developments are all about, Jebel Sifah project is expected to be
will announce the initial plans of the with a view to generating excitement completed in five years, he said.
real estate development in its two and curiosity amongst our potential Work is already underway in Salalah
Integrated Tourism Complexes (ITC) customers. Beach and Jebel Sifah will begin by
at an event to be held at Shangri- the end of December.
La’s Barr Al Jissah Resort and Spa Once the master plans are unveiled,
on Tuesday. guests will be able to understand “Omani nationals and expatriates
the correlation between the future can buy residential properties at our
At the invitation-only event, Salalah communities, and what we have cre- projects,” he said. “Our aim is to
Beach and Jebel Sifah’s diverse ated for them,” he said. create tourist destinations, which
range of commercial, tourism and have the branding and flavour of
high-end luxury real estate will be Muriya has other ambitious projects the diversified nature and culture of
unveiled, Cyril Piaia, CEO of Muriya in various locations across Oman, the Sultanate,” he added.
said while addressing a press con- including a City Complex in Muscat
ference on Monday. and Al Sodah Island. The total in- At the launch event, the project
vestment for all the four projects is models will be unveiled and proper-
“We want our guests to feel as over $850 million, Tamer Shendidy, ties will go on sale, Piaia said.
The W
Waave sells 100 pr
100 oper
proper ties
operties
in just a few hours
Source: Times of Oman - November 05 2007
T he Wave, Muscat yesterday

said that the response to the
launch of the Shoreside Villas and
beach, and the park areas.
The Wave, Muscat is being devel-

“We thank all of our customers,
some of whom queued for 24 hours
to secure their dream home. This is
the luxurious Almeria South Apart- oped through a joint venture com- yet another indication that The
ments was outstanding. prising Oman’s Waterfront Invest- Wave, Muscat is seen as the most
ments (representing the government desirable place to live.”
Just over 100 properties were sold of the Sultanate of Oman), National
out within just a few hours. The Investment Funds Company (repre- Overlooking the Gulf of Oman, The
properties at Almeria South offer the senting the Omani Pension Funds), Wave, Muscat is a fully master
first opportunity to purchase free- and the UAE-based Majid Al planned community occupying a to-
hold apartments within the Sultan- Futtaim Group. tal area of 2,500,000 square metres
ate, with residents living at the heart along 6km of natural beach. The
of the vibrant marina village. The Speaking about the response to this Wave, Muscat, will be home to 4,000
demand for these 1, 2 and 3 bed- sales launch, John Langford, vice- dwelling owners from all nationali-
room properties was extremely high. president sales and marketing, The ties, a signature 18 hole green golf
Wave, Muscat said: “We were de- course designed by Greg Norman,
The release of Shoreside villas, lighted at the tremendous response 300 berth marina, four luxury hotels,
whilst offering a completely differ- to the release of the Almeria South villas, retail and restaurant outlets.
ent lifestyle to that of apartment liv- apartments and the Shoreside villas. Located within a 10-minute drive
ing, was also received with great en- The properties offer two different from the centre of town, the commu-
thusiasm. Residents at Shoreside lifestyles for residents, which come nity will be within driving distance
Villas will benefit from peace and together to create the truly unique from the numerous authentic attrac-
tranquillity being situated just min- proposition that is offered at The tions of Muscat while enjoying
utes away from both the 6km natural Wave, Muscat. world class amenities and facilities.
MARKET REPORT 33
Oman Cement Co. ttoo sign pact
for $162 million expansion
Source: Oman Observer - 29 October 2007
O man Cement Company (OCC)

will sign a turnkey project
agreement with China National
ker every year from Thailand and In-
dia for the cement mill, which is very
expensive. The company aims at
ics, X-ray spectrometers, laser par-
ticle size analysers and computer-
ised physical properties testing
Building Material Equipment Corpo- producing 2 mtpa of cement. “Once equipment. There has been a phe-
ration (CNBMEC) today to build a the plant is ready, we need not have nomenal growth in cement demand
new production line with a capital to rely on imported clinker,” he in the whole Gulf region, particularly
expenditure of $162 million. The new noted. CNBMEC, a subsidiary of in Oman.
production line, which is the China National Material Industry
company’s third line, will have a ca- Group, is capable of providing com- The country’s two cement produc-
pacity to produce 4,000 tonnes per plete sets of equipment for cement ers — Oman Cement and Raysut Ce-
day (tpd) of clinker, Sharif al Sadaa, production lines with a capacity of ment — have achieved phenomenal
Chief Operating Officer of the com- up to 10,000 tonnes per day of clin- growth in sales volumes and has
pany told the Observer. The new ker. been taking advantage on the rising
project, which will take another 25 selling price of cement. “Cement is
months to complete, will be ready Oman Cement’s Rusayl cement plant selling like hot cakes as there is a
by end-2009. was completed in 1983 to produce shortage in the market,” an official
ordinary portland cement and sul- with a cement firm said. “There has
Sharif said that although Oman Ce- phate resistant cement. OCC subse- been a 20 per cent growth in de-
ment has an installed capacity to quently added oil well cement in its mand in recent months,” the official
produce 2.4 million tonnes per an- product portfolio. In 1999, clinkering added. This follows the recent un-
num of cement, its clinker capacity capacity was expanded to 1.2 million usual weather conditions in Muscat
is limited at 1.2 million tonnes per tonnes per annum. OCC’s quality and neighbouring areas, which ne-
annum. As a result, the company im- control is supported by its own cen- cessitated reconstruction of resi-
ports almost 800,000 tonnes of clin- tral laboratory consisting of robot- dential villas and office apartments.
Muriya pr
Muriya ojects in Oman w
projects or
wor th
orth
$850 million under way
underw
Source: Oman Tribune - 17 October 2007
M uriya Tourism Development

Company is making good
progress in line with shareholder
The company is developing virgin
lands and providing a vast array of
facilities, including real estate
nouncing further investment
opportunities shortly.”
expectations with a variety of development, hotels, marinas, golf Piaia said: “Muriya is committed to
ambitious projects in and across courses and more. And all this is develop sustainable multi faceted
Oman, including Sifah, Salalah and being done with the support and communities whilst developing
Al Sodah Island with a total cooperation of its partners Omran tourism-related destinations with a
investment of over $850 million, and Eqyptian pioneers, Orascom, diverse range of products, including
according to a company press said the press release. commercial, tourism and high-end
release. luxury real estate. Our real estate
Eng. Cyril Piaia, the new French offering will provide diversity in
Set up in the Sultanate of Oman in chief executive officer of Muriya architectural style whilst integrating
March 2006 as a joint venture said: “This is a new start for Muriya. within the Omani culture and
between Orascom Hotels and The next few months will witness adhering to local tastes and
Development with 70 per cent substantial developments. Two of traditions.” He added: “Our proper-
holdings and the Omani Govern- our projects, namely Jebal Sifah and ties will pose an attractive proposi-
ment (Omran) with 30 per cent Salalah Beach, with a combined land tion for potential investors who can
holding, Muriya is the single largest bank of over 21 million square choose from units spread around
tourism development company in metres, are progressing at a steady golf courses, beach front, marinas
the Oman. rate and we look forward to an- and hotels.”

Phase I of Bar
Barkka TTourism
ourism Resor
esortt
Resor
project tto
project o begin soon
Source: Oman Daily Observer - 08 October 2007
T he United Business Establish-

ment has announced its prepa-
rations for the launch of Barka Tour-
180,000 square metres, is located in
the wilayat of Barka in the Al
Batinah region, Siyabi said, adding :
of Al Nahda Resort and The Blue
City.
ism Resort project, which includes “We will shortly begin Phase I of The project required a spacious
residential units, an international the project by constructing 360 resi- area, which was not available in
standard hotel and entertainment dential units for retail sale in addi- Muscat.
facilities. tion to other 360 residential units for
whole sale (specified for Omanis The future vision necessitates es-
The project, worth over RO30 mil- and Gulf citizens). tablishing projects outside Muscat
lion (including Omani and Gulf in- as it (Muscat) would not be able to
vestment), is the only one of its kind The project is an integrated one accommodate all investment
that provides partial and complete with single/two/three bedroom units projects in the future, he said.
possession as per the laws of the at 65 square metres, 85 square
Ministry of Tourism. metres and 105 square metres, re- The project is expected to provide
spectively. over 1,500 job opportunities for
Salim bin Ali Al Siyabi, chairman of Omanis, he said, adding that the es-
United Business Establishment, said On the location of the project, he tablishment was keen on employing
that all designs and the project–re- said the wilayat of Barka enjoyed Omanis in the various departments
lated procedures were ready for the beautiful beaches and other tourism of the project, adding that they
final approval of the Ministry of potentials. It is also adjacent to heri- would coordinate with the universi-
Tourism. tage sites in the wilayats of Nakhal ties and colleges to make available
and Al Rustaq, in addition to the the well–trained and qualified na-
The resort, covering an area of presence of various tourism projects tional cadre.
$3-billion expansion plan

for Seeb,Salalah air por
airpor ts
ports
Source: Oman Tribune - 26 September 2007
S eeb and Salalah airports will be

expanded at a cost of more than
$3 billion, according to Undersecre-
will be 12 million passengers. The
second phase will handle 24 million
passengers. The annual capacity of
sued in 2007. It contained important
detailed procedures for setting up
maintenance firms and establish-
tary for Civil Aviation Affairs at the Salalah airport after the first phase ments.
Ministry of Transport and Commu- of expansion will be two million pas-
nications HE Mohammed Bin Sakhar sengers. He said the Sultanate has joined all
Al A’amri. international treaties, issued the na-
As for the other three airports, Al tional programme for aviation, and
New airports are also on the anvil at A’amri said two will be constructed paid attention to training.
Sohar and two other important tour- at two important tourist sites while
ist sites, he told the 36th session of the third will be built at Sohar. He said, the Sultanate of Oman has
the International Civil Aviation supported the efforts of the Arab
Organisation’s (ICAO) general as- Al A’amri said the Sultanate had is- Authority for Civil Aviation by rati-
sembly in Canada. sued the new law on civil aviation in fying the Air Transport Services
2004 and it contained all the ICAO Liberali-sation Agreement. He said
Al A’amri said that the annual ca- legal and technical recommenda- the Sultanate was supporting the
pacity of Seeb International Airport tions. The executive regulations of open skies policy to boost air trans-
in the first phase of the expansion the Civil Aviation Law were also is- port.
MARKET REPORT 35
Multi-billion project Blue City
announces development timetable
Source: AmeInfo - 18 September 2007
A l Sawadi Investment and Tour-

ism (ASIT) has finalised the ea-
gerly anticipated launch plans for
in December 2007.’
Chris Steel for Hamptons remarked:’

regional and international visitors
and is primarily a residential and
tourism development with leisure
The Blue City - a unique 32 square We are expecting tremendous de- and retail components.
kilometre project and the most sig- mand for the Blue City residential
nificant metropolitan development properties, from within the region ’The first phase represents a sub-
in Oman. and further afield, particularly the stantial standalone project in its
UK where interest levels are ex- own right but it is also intended to
It will create an entirely new city of tremely strong”. fit as a component of the overall de-
more than 250,000 people and repre- velopment,’ added Al Zadjali.
sents an estimated $15 - $20 billion Visuals and details of the master-
total investment. plan for the first phase of the city ’The Blue City is being designed as
will be unveiled in the coming weeks a fully integrated live-in community
ASIT has set out the timetable for and will show the unique architec- and has a wider role as an important
the launch of the project and sales tural style and approach to urban part of Oman’s aims to be the pre-
of freehold property in its first planning which will characterise the eminent tourism destination for the
phase. Unlike many similar projects Blue City project and set it apart Middle East.’
found in the region, The Blue City from other Middle East property de-
project is the largest development in velopments. AECO, a partnership between
Oman, supported by integrated AKTOR of Greece and ENKA of
tourism legislation on freehold prop- ‘Extensive research has been under- Turkey has been appointed as con-
erty ownership that recognises in- taken to find organisations and enti- tractors for the first phase of The
heritance laws from the purchasers’ ties that share the vision of The Blue City which will see an initial
country of origin, supporting Blue City in creating a harmonious area totalling 5.5 square kilometres
Oman’s drive to attract foreign di- community on one of the most (2.12 square miles) or 17.2% of the
rect investment to develop its tour- beautiful natural coastlines in the projected final site land of 32 square
ism potential and economic growth. region. Our master-planning and ar- kilometres (12.36 square miles) de-
chitectural designs have been fo- veloped. Al Zadjali added that fur-
’The dynamics of The Blue City cused on delivering a modern es- ther announcements on third-party
project and its importance to Oman sence of Arabia which builds on our contracts and partners will also be-
cannot be underestimated,’ said strong Omani heritage and history, gin shortly.
Anees Issa Al Zadjali, Chairman of but does not compromise on moder-
ASIT. ‘The success of the first nity and quality. Together these fac- ’The Blue City is one of the most im-
phase of this project is crucial to tors will distinguish the Blue City portant developments in Oman. It is
succeeding phases so it has been project and provide a unique set of much more than just a real estate de-
imperative to ensure our plans are in highly appealing characteristics velopment. We are creating a city
line with projected market trends which we believe will be very attrac- which will take Oman into the next
and forces. tive to buyers from across the century, providing not just homes,
world, as well as from Oman and the but new jobs, new industries and a
’ASIT is very pleased to announce Middle East itself,’ added Al Zadjali. legacy for the future,’ he added.
that the master-plan and initial art-
ists’ impressions of the first phase The Blue City’s first phase is one of ’As the cornerstone of the new city,
will be revealed in October. The first the most vital components of the the first phase of the development
tranche of retail sales will commence entire project due to its value and will set the tone and style for what
in November. Construction on site the unique key tourism related ele- is to follow and will offer wider op-
has already begun and vertical con- ments it encompasses. It will accom- portunities beyond freehold prop-
struction is scheduled to commence modate 25,000 residents and local, erty.

The W ave Muscat pioneer
Wa pioneerss
freehold ownership in the sultanate
Source: Oman Observer - 03 September 2007
T he Wave Muscat is helping to

pioneer freehold ownership in
the Sultanate, according to Nick
illustrated the success of The Wave
Muscat model, acknowledging the
rapid pace at which development
the long-term confidence of foreign
investors in the Sultanate.
Smith, Chief Executive Officer of the was taking place at The Wave, and Plans to develop The Wave started
prestigious integrated oceanfront its significant impact on the lifestyle in 2004 against the backdrop of a
tourism and residential development of people in Muscat. freehold boom in the Gulf. “Our first
at Al Athaiba. Speaking at meeting release of property in early 2006 re-
of the European Business People “Oman, has reinvented itself, and is ceived an overwhelming response
Forum at the Inter-Continental Mus- rapidly moving ahead with its mac- and the second release in November
cat on Monday, Smith noted that roeconomic objectives. The country 2006 was also equally popular, and
ownership interest in properties of- has political stability, strong eco- even though the price points were
fered by the project remained very nomic performance and a positive raised significantly the enthusiasm
strong. attitude to business. It’s the best to buy remained the same.
kind of tangible and highly visible
The Wave Muscat is being devel- Arab prosperity,” Smith said during The Royal Decree in January pro-
oped through a joint venture com- his presentation. “The number of vided a robust legal basis to The
prising Oman’s Waterfront Invest- visitors to the Sultanate has in- Wave, Muscat. We have introduced
ments (representing the Government creased dramatically, thanks to ma- an early reservations service that
of the Sultanate of Oman), National jor investments in marketing ‘Desti- allows buyers to reserve property
Investment funds Company (repre- nation Oman’,” Smith continued. He without price guarantees, and
senting the Omani Pension Funds), further reiterated that a significant straightforwardness and transpar-
and the UAE-based Majid Al proportion of incoming investments ency have become hallmarks of the
Futtaim Group. In his address, Smith were foreign investments showing way we run the project.”
International firms line up

for W adi A
Wadi dai dam pr
Adai oject
project
A number of international con

tractors are among 16 firms that
have applied to prequalify for a gov-
weather conditions last June.
The Ministry of Regional Munici-

ders to prequalify for the project.
Those that responded by last
Monday’s deadline were: Nagarjuna
ernment contract involving the con- palities, Environment and Water Re- Construction Company, Desert Line
struction of a major flood protection sources is overseeing the implemen- Projects, Consolidated Contractors
system across Wadi Adai in Muscat tation of the flood protection sys- Company, Shwar International, Arab
Governorate. tem across Wadi Adai. The aim is to Centre for Commerce and Real Es-
regulate the monstrous volumes of tate, Strabag Oman and Sinohydro
The project will be the first of a water that flow through the wadi Corporation.
number of equally large flood pro- and its tributaries in the event of a
tection systems proposed to be major downpour. Sambu Construction, Sezai Turkes-
implemented in flood prone areas of Feyzi Akkaya, Zarubeshv Dstroy,
the Sultanate, notably Al Khoudh, During the June flood event, an esti- Gamuda Berhad (Qatar Branch),
Sur, and parts of the Batinah region. mated 95 million cubic metres of wa- Andrade Gutierrez, Gammon India
Implementation of these schemes is ter flowed downstream through the and OHI, BFS Group, Salini
part of the Oman government’s ef- wadi, say officials. A mix of local, re- Costruttori, and SEW Construc-
forts to bolster flood defences gional and international companies tions. Eighteen other firms that col-
around the Sultanate in the wake of has submitted offers in response to lected bid documents declined. Ac-
flooding caused by the adverse the Tender Board’s invitation to bid- cording to officials, three major
MARKET REPORT 37
dams are envisioned along Wadi dam (CFRD) of around 6,000-8,000- A tender for the actual construction
Adai and its tributary. The first — metres length, some 20 m above the of the dam is expected to be floated
the Flood Protection Dam in Wadi natural ground level. Some 3 million in October this year, with actual
Adai — will retain the flows from cubic metres of grouting will be reconstruction work likely to com-
Wadi Adai just above the entrance quired as part of the construction of mence in January 2008. Construc-
of the wadi gorge, and will be the the CFRD. Also as part of the tion will be completed by mid-2010.
main flood protection component in project, the contractor will also be The Wadi Adai Dams Project is de-
the entire project. Two other dams required to build 2-3 free overflow signed is to provide a greater degree
are planned at specific points fur- concrete spillways and an appurte- of protection to Qurum area against
ther downstream and will be built in nant spilling basin, leading to the severe flooding that results in loss
separate contracts. existing downstream wadi channels. of life and damage to property, agri-
Provision must be made for the in- cultural land and infrastructure in
As part of the main Flood Protection stallation of valves for the con- the area. It is also aimed at enhanc-
Dam, the selected contractor will trolled release of reservoir water into ing water resources through
construct a concrete face rockfill the wadi downstream of the dam. groundwater recharge.
Eqarat.com launches innovative

real-estate ser
real-estate vices
services
L eading regional real estate prop-

erty solution provider Eqarat.
com yesterday launched operations
vestors and developers.
The company can provide feasibility

service companies in the Middle
East. “We intend to build on our
record by focusing on Eqarat.com
in Oman, heralding innovative e-ser- studies for new projects and is keen Oman and helping it grow into a glo-
vices that promise to add momen- on sharing its knowledge, know- bal player offering diverse products
tum to the burgeoning sector in the how and experience in the real es- that will meet the increasing demand
Sultanate. Eqarat.com Oman is a tate sector, Al Rahma pointed out. of this region. Through secure, pro-
joint venture initiative by the UAE The company has a wealth of data- fessional services designed to
company in association with Al base on property in the Gulf region, optimise client investment returns,
Balushi Investments and Al Arabiya he added. “Our intention is to have Eqarat.com has seized the initiative
al Aqariya from Kuwait. a slice of the real estate pie in Oman. in worldwide property e-solutions,”
Eqarat.com can provide added value added Al Rahma.
The announcement was made at a service to customers and we have
media briefing attended by Ahmed the ability to showcase what the Hussein Habib said: “We are de-
bin Suwaidan al Balushi, Chairman market is offering under one plat- lighted to partner with Eqarat.com.
of Al Balushi Investments, Ali al form. This partnership will provide us
Rahma, Chief Executive Officer of with global expertise in the real es-
Eqarat.com, Mufeed Abdal, General We can provide total sales solu- tate industry, which will help boost
Manager of Al Arabiya al Aqariya, tions, including money transaction our regional market and increase
and Hussein Habib, General Man- through an electronic payment gate- value by bringing stronger business
ager of Al Balushi Investments. way. We provide total solutions, in- relationships within the Gulf re-
Eqarat.com Oman is an ideal plat- cluding finance, home insurance gion.”
form for property shopping through and furnishing, to home seekers and
the Internet, Al Rahma said. investors,” Al Rahma said. The Al Balushi Investments is an Oman
launch of Eqarat.com Oman at based company with projects and
Eqarat.com has vast experience in InterContinental Muscat was at- partnerships with renowned medical
offering real estate solutions tai- tended by leaders of the real estate and therapeutic organisations, in-
lored to the regional needs of inves- industry. cluding Welcare. Recently, Al
tors and customers, he said, adding Balushi Investments started devel-
that the company is specialised in Eqarat.com was founded in the oping housing, commercial and
property management and real es- United Arab Emirates 16 years ago tourism estates for Omani and Gulf
tate transactions for individual in- and is one of the leading real estate investors.

Leading contracting firms set sights
on Sohar Por
ortt int
Por er
ercchange pr
inter oject
project
Source: Oman Observer - 21 August 2007
A number of leading Omani con

struction firms are bidding for a
major contract to build an inter-
Construction Co and Shanfari Trad-
ing Co — are looking to bid for the
contract, expected to cost several
minium smelter road, dualisation of
this stretch, and loop ramps, under-
pass and flyover leading to the pre-
change on the Batinah Highway tens of millions of Omani riyals. gate area near the port. Improved
leading to the Port of Sohar. The road links are also proposed to the
project, which will be financed and The main component of the project Sohar Industrial Estate, where a
overseen by the Ministry of Trans- is a partial cloverleaf interchange, number of downstream projects are
port and Communications, is the lat- complete with collector and distribu- expected to materialise in the future.
est addition to the burgeoning infra- tor roads and service roads to facili-
structure being created in tandem tate the transfer and exchange of Road communications around the
with Sohar’s development as an in- traffic. A section of the Batinah Port of Sohar are being significantly
dustrial port city. Highway will also be realigned to strengthened to cope with a pro-
accommodate the new interchange. jected increase in heavy traffic in
The interchange is designed to and out of the industrial port.
serve not only the Port of Sohar, but Also as part of the project, the se-
also a number of major industrial un- lected contractor will construct sev- Earlier this year, the 61-km Sohar-
dertakings under development in eral kilometres of a new access road Yanqul, connecting the Batinah and
the vicinity of the port. It will leading to the smelter of Sohar Alu- Dhahirah regions, was formally in-
streamline traffic flows along the minium Company. Port access roads augurated. Development of the
Batinah Highway, as well as enable and link roads will be streamlined Batinah coastal road project, which
the smooth flow of heavy vehicles and strengthened, while a number of will run from Sohar to Shinas, is ex-
between the port and industries lo- roundabouts will be constructed to pected to commence next year. The
cated on the other side of the high- ensure the smooth flow of vehicles. project will facilitate traffic flow be-
way. Six well-known contracting tween the Port of Sohar and the
firms — Desert Line Projects, Al A number of optional improvements UAE and beyond. In future phases,
Adrak Trading & Contracting Co, are also envisioned as part of the the coastal road will be extended
Consolidated Contractors Co, contract. Optional works include south of the port all the way to
Larsen & Toubro (Oman), Nagarjuna multiple roundabouts on the alu- Barka wilayat.
Construction progressing at
The W ave at a fast pace
Wa
Source: Times of Oman - 20 August 2007
D uring the hot summer months,

whilst much of Oman has taken
the opportunity for vacation, con-
The project has consolidated its
growth strategy following the recent
unusual weather conditions, which
the Sultanate’s vision for the future.
Over the past two months the team
at The Wave, Muscat has been
struction at The Wave, Muscat has occurred along the Oman coastline. faced with constant challenges that
been progressing at an aggressive “Our commitment to growth, timely have risen over the course of a
rate, as plots that sat vacant only a delivery of projects and customer mega-project, from the day to day
few months ago suddenly find satisfaction is unshakeable,” says . logistical grind to handling unusual
themselves supporting the super- Eng. Abdullah bin Abbas bin weather conditions; every indi-
structure of new villas and Ahmed, Chairman of the Board of vidual working at The Wave has
townhouses. Over 200 million rials Directors of The Wave, Muscat. come together to continue to make
in contracts have been let by The this project a success.
Wave and that number is clearly re- The Wave, Muscat is constantly
flected by the stark progress that working towards successfully align- The Wave, Muscat, is a Joint Ven-
has been made in creating this new ing their expertise in the different ture between Waterfront Invest-
community. government and public sectors with ments (representing the Government
MARKET REPORT 39
of the Sultanate of Oman), Majid Al within the lake and then discharging Currently The Wave, stands at the
Futtaim Group and the National In- it into the best possible place, the threshold of officially unveiling their
vestment Funds Company (repre- ocean, thereby keeping the valued three show apartments.
senting Omani pension funds), and construction areas safe and pro-
has been officially granted the right tected. Featuring a magnificent view of the
to offer full freehold properties to ocean, each of the show apartments
buyers of any nationality. Abdullah bin Abbas further added: demonstrates the quality and atten-
“We are committed to keeping strin- tion to details that will go into every
During the design of the project a gent quality standards and our de- home in the development as well as
comprehensive Water Management velopment plans for the country. In a snapshot view of the options and
Plan was put in place in order to line with our strategy of transpar- upgrades available for the finishes.
manage the possible overflow of ency in operations, we will also keep The modern, spacious open plan liv-
culverts and during the recent un- our customers posted on the ing mixed with an Arabic flavour will
usual weather conditions, it was this progress in the construction of resi- also give a feel of The Wave, Mus-
plan that saved the project from any dential properties and marine works cat lifestyle. A state-of-the-art Cus-
significant flood damage by chan- at all different stages of our projects tomer Selection Centre will also be
nelling and containing flood water and operations.” opening soon.
Safeer group opens its ninth hotel

T he Safeer Hotel and Tourism

Company inaugurated Safeer
Plaza Hotel, the ninth in a chain of
The fusion concept can cater to
both the high and low ends of the
market needs by providing luxury
Hotel, Safeer Hotel Suites, Nuzha
Hotel Apartments, Al Khuwair
Apartments, Ghaba Motel, Oasis
hospitality properties owned by the hotels and serviced apartments to Residence and Safeer Residence.
company. the guests.
Safeer Hotel and Tourism Company
Safeer Plaza Hotel, located at Al This means that guests can have has plans to launch similar hospital-
Kuleiah Street in Al Khuwair, has 44 the most spacious accommodation ity projects in Muscat, Sohar and
well-designed suites with all modern in the hotel apartments and hotel Salalah with the fusion concept
fixtures and fittings, satellite TV rooms and also get luxury hotel fa- where it can offer a combination of
with multiple channels, multi-cuisine cilities like food and beverage out- hotel and hotel apartments to differ-
restaurant, 24-hour room service, lets, 24-hour room service, shopping ent segments of the market.
health club, indoor games, wi-fi arcades, health club, banqueting
internet connectivity, business cen- halls. All the hotels and resorts are man-
tre and other allied services. aged and guided by professionals
“Safeer Hotel and Tourism Company and senior managers which include
The hotel also has a ballroom named (SHTC), a member of the Golden Ali El Hadi, general manager, Oman
‘Sohar’ with a capacity of 400 Group of Companies, has several Commercial Agencies, a group com-
people for weddings and confer- projects of hotel resorts and hospi- pany besides Shekar.
ences. Safeer Plaza Hotel has intro- tality projects across the country
duced a specially designed aiming to bag a major market share SHTC is also planning to launch at-
children’s room on all the floors with of the booming tourism industry in tractive tour packages known as
a city view, a first of its kind. the country,” said D. Shekar, general Tour Oman and market them among
manager, hotel projects and opera- the AGCC and international markets
The unique concept of Safeer Hotel tions at a press conference to an- through its wide marketing network.
and Tourism Company is that most nounce the launch of Safeer Plaza
of its hotel resorts and projects are a Hotel. Safeer Hotel and Tourism Company
fusion of luxury hotels and serviced has a centralised booking system
apartments where the guests can The company is presently operating where anyone who would like to
have the best of the most spacious eight properties of hotels, motels book a room or hotel apartment can
accommodation in hotel apartments and resorts in Muscat, Ghaba, and log onto their website
and hotel rooms with vast luxury Salalah, which include Safeer Conti- (www.safeerintl.com) and choose
hotel facilities. nental Hotel, Safeer International any property of their choice.

De
Devvelopment A greement ffor
Agreement or
Omagine pr oject tto
project o be inked soon
inked
Source: Times of Oman - 28 July 2007
O magine Inc, which is investing

in a major beachfront develop-
ment in Muscat, has announced sig-
meetings and discussions with po-
tential investors and leading banks
in the region and there is a very
an updated and amended agreement
with Joannou & Paraskevaides
(Overseas) Ltd (J&P). The Amended
nificant progress towards the immi- high degree of interest on their part Agreement extends the original
nent attainment of its primary strate- to participate in the Omagine J&P-JOL agreement and firmly
gic objective. Project.” aligns the interests of the Company
and J&P relating to the financial
Omagine’s President, Frank J The Company’s planned Omagine closing, construction, ownership
Drohan, remarked, “The draft Devel- Project is an integration of cultural, and operation of the Omagine
opment Agreement for the Omagine heritage, educational, entertainment Project.
Project was completed and pre- and residential components. As
sented to the Ministry of Tourism presently planned, Omagine will be Drohan commented, “The
on July 5, 2007 and the (Ministry) located on 1.2 million square metres Company’s relationship with J&P
has officially circulated it among of beachfront land facing the Gulf of has been further strengthened as we
other appropriate concerned minis- Oman just west of Muscat and near collectively work to organise
tries for final review and comment.” Seeb International Airport. The Omagine LLC, update the Project’s
Omagine project also includes the financial model and arrange the fi-
The parties are expected to sign the construction and sale of approxi- nancial closing for the Omagine
Development Agreement in August, mately 3,900 residential housing Project. As previously planned, J&P
he stated, adding: “Both we and the units including luxury villas, town- will be a significant investor and will
government are pleased with the Fi- houses and apartments. The project receive a minority equity stake in
nal Draft. We are presently forming is expected to take between 4 to 5 Omagine LLC.”
and organising Omagine LLC — the years to complete and generate in
local project company in Oman — excess of $2.2 billion in revenue. Omagine, Inc is primarily involved in
which will be jointly owned by our the real-estate development, enter-
subsidiary and J&P. During the past In June the Company’s subsidiary tainment and hospitality industries
sixty days we have held numerous Journey of Light, Inc. (JOL’) signed in the Middle East and North Africa.
$2-billion integrat
integrat ed resor
egrated resortt
to come up at Y enkit
Yenkit
Source: Oman Observer - 26 July 2007
Y enkit Tourism Development

LLC has announced plans to
develop a $2 billion luxury Inte-
master planned community will be
developed along the country’s east-
ern coastline and is located just 20
sports and leisure facilities, a resort
village, nature reserve and visitors
centre, beach club, heritage and
grated Tourist Resort Complex at kilometres to the southeast of Mus- craft centre and major open spaces;
Yenkit in Muscat Governorate. cat. 1,400 residential villas and up to
Yenkit Tourism Development has 1,900 residential apartments and
been established by a group of pri- The project will be an ‘Integrated townhouses.
vate Omani investors and the Majid Tourism Complex’ as designated by
Al Futtaim Group, one of the the Ministry of Tourism, and will The site has been both recognised
region’s most pre-eminent property consist of four 5-star hotels with ap- and planned as a high-end environ-
developers, in order to plan, de- proximately 900 rooms, an 18-hole mentally sensitive tourism and in-
velop and manage this signature 5- international golf course; a wide vestment project specifically de-
star complex. The 950-hectare Yenkit range of tourist facilities, including signed to reflect the natural form of
MARKET REPORT 41
the land. Approval of the master “We are delighted to be part of this ment to create a world-class tourism
plan has been granted and develop- prestigious development that has corridor, stretching down the scenic
ment is expected to commence in great potential. Along with The coast between Muscat and Sur to
early 2008, subject to finalisation of Wave Muscat master planned com- the south. The location has been
agreements with the government. munity and Muscat City Centre identified as an international desti-
shopping mall, the Yenkit project nation within which significant tour-
“Oman has enormous potential with provides us with the opportunity to ism facilities and attractions will cre-
visitors coming to indulge in the further consolidate Majid Al Futtaim ate a world-class development.
natural splendour of the country Group’s reputation as one of
and with Middle East residents Oman’s and the region’s leading de- A team of internationally renowned
looking for sound investment op- velopers of signature projects,” said consultants are involved in master
tions. We are certain that the fully Jeffery Rossely, CEO of MAF De- planning, architecture, landscape,
integrated Yenkit Development with velopments. engineering and project realisation
its stunning location and diverse of the Yenkit lifestyle resort. The
product offerings will be a flagship The Yenkit project will be a flagship resort’s design theme is based on a
project for the country and the re- development for potential investors, number of key elements which build
gion,” said Hakim bin Majid al tourists, Omanis and international on the distinctive locality and illus-
Maamari, Chairman of Yenkit Tour- visitors. The project responds to a trious history of Oman.
ism Development LLC. major initiative of the Omani govern-
Many mega housing, water projects

for citizens implemented
T he Ministry of Housing, Elec

tricity and Water made remark-
able achievements during the last
geographical database system — a
one-shop database system, which
helps in exchanging information
Muscat (27,100 land plots), Batinah
region (21,809), Musandam region
(1,213), Dahirah region (2,667),
year, executing a number of water among the various ministries and Buraimi (1,107), Dhakhiliyah region
supply and housing projects in vari- government departments. (15,736), Sharqiyah region (8,351), Al
ous parts of the Sultanate. Wusta region (645) and Dhofar
During the last year, an analysis sur- (11,326).
Many mega water projects were vey on 101,490 land plots was con-
implemented in the wilayats which ducted. As part of the efforts to promote so-
faced acute water shortage. cial development, the ministry is
The ministry recently signed a pact keen to provide assistance to the
A number of housing projects aimed with a leading company for facilitat- families having limited income by
at achieving social development and ing the land distribution process for setting up housing units with mini-
enabling the citizens to continue in the citizens in various parts of the mum necessary facilities accompa-
their present places of existence, are Sultanate. The citizens can also sub- nied by health services.
in the pipeline. mit their applications for land plots
at some of the major post offices in A number of citizens benefited from
The ministry has been working on the country. His Majesty Sultan Qaboos bin
strategic plans to regulate the use of Said’s gesture for setting up hous-
land in towns and villages. For this, Till the end of August 9, 2006, ing units in various parts of the
it has adopted the latest methods 45,882 applications from various country.
and used modern survey equipment parts of the Sultanate were handled
in town planning and laying out fu- through post offices. A total of The ministry has initiated a number
ture plans. 89,954 land plots were distributed in of housing assistance programmes,
various regions and governorates of helping the families with limited in-
The ministry has also been using the Sultanate during this period: come and backward families. The

amount of assistance to those fami- and expanding the existing damaged region, at a cost of RO20 million; the
lies was increased to RO15,000 from houses. Eighty-five Omani families water supply networks in the inte-
RO10,000 this year. benefited from this programme, rior region which involves the con-
which distributed RO1.07 million. struction of five key transmission
A total of 90 families benefited dur- lines linking various wilayats; the
ing the year 2006 with an assistance In the water sector, the ministry is water networks project to supply
of RO1.12 million. striving to implement a number of water to some alienated areas in
mega projects, which include Sohar Bousher and Ma’abela.
The other scheme is interest-free Water Network, which is being un-
soft loan to the limited-income fami- dertaken at a total cost of RO65.7 As part of a training programme in
lies whose income is below RO130 million. the field of human resources devel-
per month at the time of their sub- opment, the ministry provided voca-
mission of applications. The loans The other water network projects tional training to 129 Omani nation-
are granted for constructing houses underway are in the wilayats of Ibra, als last year.
Al Qabil and Bidiya in the Sharqiah
Real estate deals ttop

estate op RO 2.5 bn
RO
in 17 months, sa
17 ys ministr
says ministryy repor
reportt
R eal estate contracts concluded

between January 2006 and May
2007 — coinciding with a period of
other purposes, subject to the laws
of the host state.
classified as integrated tourism
zones, and become eligible to offer
residential property to foreigners,
unprecedented growth in the prop- Secondly, freehold property owner- say officials.
erty sector — topped RO2.5 billion ship by non-Omanis in select areas
in value, according to a report by of the Sultanate designated as inte- In all, 4,033 GCC nationals were reg-
the Ministry of Housing, Electricity grated tourism complexes, has now istered as owning property for in-
and Water (MHEW). During this pe- been made possible by Royal De- vestment or housing purposes in
riod, real estate deals covering a to- cree No 12/2006 promulgated last the Sultanate during the January
tal of 173,178 new plots were regis- year. The statute is key to the Omani 2006-May 2007 period, according to
tered by the Ministry. The total government’s efforts to attract for- the latest MHEW report. Underlin-
number of real estate transactions eign investment in the tourism sec- ing the growing importance of this
recorded during this 17-month pe- tor. Oman is recognised as the first sector, the Ministry has adopted a
riod totalled 400,952, while 288,632 country in the Gulf region to have modernised Real Estate Registration
deeds were issued, according to the formally enacted legislation System to ensure efficient registra-
Ministry. authorising freehold property own- tion and documentation of all land
ership by non-GCC nationals. transactions. The new system is
The huge volume of transactions also aimed at ensuring that any
attests to the extraordinary growth Besides The Wave Muscat and The property in question is used only
of the property sector in the Sultan- Muscat Golf and Country Club for the stipulated purpose.
ate, according to officials. This project, both of which have already
growth stems from two key develop- begun offering residential units to Further, the Ministry is also intro-
ments: firstly, the conclusion of an foreigners, property ownership will ducing new imaging technology to
accord by each member state of the also be allowed in the following maintain a suitable record of all land
Gulf Co-operation Council (GCC) to tourism schemes: The Blue City; wa- documents maintained by it. The
treat investments by GCC nationals terfront resorts at Yiti (in Muscat new system will ensure the safety
on a par with those by its own citi- Governorate) and Shinas (on the and integrity of land records, facili-
zens. The recently endorsed accord Batinah coast); and lavish develop- tate easy access to such documents
also grants nationals of other GCC ments planned at Sifah (Muscat through Intranet and Internet chan-
states the right to own real estate Governorate) and in Salalah. The list nels, and also ensure confidentiality
for investment, residential use and is likely to grow as new schemes are of such records.
MARKET REPORT 43
RO 250m Al Batinah coastal
road wor
work tto
ork o begin next yyear
next ear
W ork on the RO250 million Al

Batinah coastal road will be-
gin next year, according to sources.
begin from the less-affected and
thinly populated area. Though the
government has not specified the
and the Sohar Industrial City. It will
be an environment-friendly project.
The road project is adjacent to sev-
project cost precisely, the cost was eral schools, but only three schools
“Initial designs of the road are ex- initially estimated at RO250 million. along the coastal line to Al Batinah
pected to be completed by August will be affected, Oman’s heritage
and final designs by year-end. Con- Development of coastal areas will sites will not be affected.
struction work on the project will help the government provide the
begin next year,” sources at the Su- public with open beaches. Though Initial estimates show that some
preme Committee for Town Planning coastal area residents, particularly 15,000 people will be affected by the
said. the fishermen, claimed that their road project. The government has
work would be affected, Al A’afani already proposed to build 2,200 resi-
Salim bin Mohammed Al A’afani, di- said the new road would not affect dential units to rehabilitate people.
rector-general for construction plan- fishermen as there would be system- The road in some areas is 500 metres
ning at the Supreme Committee for atic road crossing structures. It will from the coast (to protect vital in-
Town Planning, said that the road take four years to complete the two- stallations and utilities). The aver-
would link the wilayats of Barka (Al lane road construction. There will be age distance between the road and
Naseem Garden roundabout) and areas for tourism and commercial ac- the coast is 80-150 metres.
Shinas. tivities.
“The road comprises five flyovers,
Work on the first-phase comprising The project, he said, would not af- several roundabouts, and taxi-park-
100km, from the wilayat of Sohar to fect the vital economic and tourism ing areas,” Engineer Kasim bin
the wilayat of Shinas, he said, would facilities, for example, the Blue City Mohammed Al Nabhani said.
Prices, shor tage of mat

shortage erials
materials
impede contracting sect or
sector
S heikh Ali bin Abdullah bin Ali Al

Badi, chairman of the Contract-
ing and Labour Committee at the
the private sector. Al Badi pointed
out that the sector has been se-
verely hit by high prices and the
Al Yafiei pointed out that most of
the contracting companies have
been able to keep pace with the in-
Oman Chamber of Commerce and shortage of building materials due crease in the number of projects and
Industry, has said that the Sultanate to high demand. several local companies have been
has been witnessing great progress awarded mega projects by the Ten-
in the construction field especially “The contracting sector has been der Board. But this recent trend of
in mega projects. hit by price rise and shortage of increase in prices of building materi-
building materials in the local market als has affected the contracting sec-
Al Badi, who is also chairman of due to increasing demand,” he said. tor badly as most of the projects
Oman Contractors Association, “Authorities are concerned about were awarded prior to this trend.
mentioned that projects worth some the crisis as the contracting or con-
$5 billion are underway including struction sector is the cornerstone He added that some traders have
the Sohar Aluminum Project, adding of any progress,” said Hamid bin been charging more for building ma-
that are also several ongoing Abdulqawi Al Yafiei, managing di- terials under the pretext that prices
projects in road construction and in rector of Oman Strabag. have been moving northwards in

the international market. Contracting Establishment, said that Board wants the companies to
the sector which is expected to grow achieve 35 per cent Omanisation.
Omanisation: The private companies tremendously in the years to come,
have positively responded to the has been hit by a hike in the recruit- Ahmed bin Hassan Backer, deputy
drive of Omanisation, which is a na- ment fee for expatriates, he added. chairman of Hassan Juma Backer
tional duty. Some flexibility is re- Trading and Contracting Company,
quired in this campaign as sectors Al Akhzami mentioned that the small said that in the recent past, the con-
have their own unique problems. and medium companies have been tracting sector had contributed sig-
hit by the liquidity crunch and they nificantly by executing vital and
One of the problems facing the sec- do not have financial resources to mega government projects, espe-
tor is that majority of the Omanis buy adequate equipment and ma- cially in the Sohar region.
working here are still under training. chinery. There is also a crisis due to
“The contracting sector depends 80 the large instances of expatriate As this confirms the government’s
per cent on the expatriate man- manpower absconding. confidence in this sector, to make it
power,’’ he said, adding that salaries competent internationally, there is a
of those working in this sector He said though the Ministry of need to implement a unified system
should be increased. Manpower had stipulated a 30 per for the sector and have proper
cent Omanisation target for con- mechanisms for contracts, man-
Saif bin said Al Akhzami, CEO of tracting companies applying for power and specifications.
Saif bin said Al Akhzami Trading & high-grade contracts, the Tender
Deal signed for $500m recreational project

A n agreement was signed at the

Grand Hyatt Muscat here yes-
terday for the development of a
will also be established in a number
of other regions of the Sultanate, ac-
cording to the project’s promoters.
ping centres and entertainment mall,
natural camping sites, adventure
tourism facilities, health farms and
unique recreational project at an es- On Thursday, Oman-based Radi- spa hotels and prime residential ar-
timated cost of $500 million. The ance International signed an agree- eas.
deal was clinched by Oman-based ment with Malaysia’s Transmit
Radiance International (Al Ishraq Nanvang Engineering Construction Billed as the biggest of its kind in
International) with Transmit (TNEC) for the development of the the Gulf region, the ‘Green Acres’
Nanvang Engineering Construction first Green Acres project in the Gov- project will enhance Oman’s appeal
(TNEC), a leading Malaysian devel- ernorate of Muscat. The complex, as a tourist destination. Radiance
oper and investor. involving an investment of $500-600 International also plans to launch
million, is conceived as a sprawling similar Green Acres type projects,
The project, dubbed the ‘Green recreational, tourism and residential although with different investment
Acre’, is proposed to be established development. groups, in Dhofar Governorate,
in Muscat Governorate. It is con- Buraimi, Sohar and other regions of
ceived as a sprawling tourism and His Highness Sayyid Khalifa bin the Sultanate.
recreational complex, with mixed de- Taimur al Said, Chairman and Chief
velopment elements as well. Signifi- Executive of Radiance International, The Green Acres project will create
cantly, the project’s concept is signed on behalf of the Oman inves- job opportunities for Omani nation-
themed around family-oriented rector. TNEC, a leading Malaysian deals and open up business opportu-
reation, water-theme parks, golf veloper and investor, is a partner in nities for local companies. Over the
course, driving range, golf academy this joint venture project. According past two years, Radiance Interna-
and horse riding facilities envis- to the promoters, Green Acres will tional has been studying and explor-
aged. Billed as the biggest of its include a golf academy and 9-hole ing business and investment oppor-
kind in the Gulf region, the ‘Green golf course and driving range, 4- tunities for Oman and GCC invest-
Acre’ project will enhance Oman’s and 5-star hotels, water theme park, ment groups in Malaysia, and has
appeal as a tourist destination.. theme parks, largest indoor play pen been successful in concluding a
for children, stables, riding school number of projects. Details about
Green Acres, a unique recreational and equestrian sports facilities, these ventures will be announced in
development planned in Muscat, ranches with a ranch hotel, shop- due course, the promoters say.
MARKET REPORT 45
Strong and sturdy withst
trong ood the cy
withstood clone fur
cyclone furyy
W hile the urban infrastructure

and the coastal villages
struggled to cope with the fury of
engineer of the project, no structural
damage had been recorded to any of
their structures in the entire stretch
had to return to India because of the
cyclone and it may take weeks to
get all the material. But other work is
the cyclone, the Wadi Shab to Sur under their jurisdiction. He added in full steam. This may cause a delay
stretch of the new Quriyat-Sur dual that some scaffolding, steel dumped of some months to complete the
carriageway, whose work is in and some other material on the work.”
progress, withstood the onslaught ground had been washed away and
of continuous rains and the subse- the track road eroded. The third bridge over Wadi Heda is
quent flooding. the only one that has been com-
The second bridge over Wadi Tiwi, pleted. When asked what was the
Under separate contracts awarded yet another lovely watercourse, too most difficult work in a project like
in mid-2003, the STFA-POLAT joint escaped the brunt of the cyclone. the one which needs cutting
venture and the China Railway 18th This nine-span bridge, 34 metres in through the mountains or construc-
Bureau (Group) Co. Ltd are sharing height, cuts through the mountains tion bridges over the wadis, Zhang
the implementation of the project at and juts into the coastal road at Tiwi said: “Bringing material to the site
a total cost of RO56.2 million. village. Here also only the scaffold- has its own difficulties. But consid-
ing and the reinforcements were ering the experience we have every-
The STFA’s section covers a 62km washed away into the nearby sea. thing was done in a professional
stretch from Daghmar roundabout in Zhang said the fact that no struc- manner.”
Quriyat to Wadi Shab. The China tural damage had been caused to
Railway 18th Bureau (Group) Co. is the structure spoke volumes of their The fourth bridge on Wadi Hilm
constructing the 27.74km stretch expertise in erecting quality struc- spans 200 metres, and like the three
from Wadi Shab to Qalhat LNG tures. A visit to the company site at bridges, has remained intact. Here
roundabout leading to Sur. the Tiwi beach tells about the fury the ground-level road leading to the
of the cyclone as the batch plant foundation has been badly scoured
Times’ team embarked on the Wadi and other machinery have been by the flooding and the wadi swol-
Shab-to-Sur trail to scan the route of badly damaged and material strewn len by a few metres.
any damage inflicted as a result of all over the place.
the cyclone. Right at the starting Besides the bridges, the highway
point of the stretch at Wadi Shab (a Says Zhang: “Though the accom- also withstood the continuous
picturesque stream wedged between modation, material and machinery flooding with very minor erosion
high rocky cliffs), the team found have been damaged there has been seen at the edges at some places.
the bridge under construction over no human casualty.” The camp of- The road skirts the Gulf of Oman at
the wadi absolutely intact. Built on a fice has now been shifted to Sur and many places making the journey
concrete pile foundation, the eight- the work under the leadership of thrilling.
span bridge is 260 metres in length Zhang Wen Juan, general manager
and the drive over the bridge with of the company resumed on June 18. At many places along the stretch,
the calm Wadi Shab flowing down Says Zhang Shi Hua: “We have the road is flanked by the azure
below can inspire the artist in you. started work but we need to bring in mass of aquamarine blue sea on one
scaffolding from China. The ship side and the eastern majestic Hajar
According to Zhang Shi Hua, chief carrying material for blasting works mountains on the other side.
Pact inked tto

inked o de
devvelop ttourism
ourism projects
projects
in Al Seifa, Salalah
T he Sultanate government and

the Muria Tourist Development
Company signed agreements at the
develop tourist projects at Al Seifa
area in the Muscat governorate and
in the wilayat of Salalah in the gov-
Dr Rajiha bint Abdul Amir bin Ali,
minister of tourism, signed the
agreements on behalf of the govern-
Ministry of Tourism, yesterday, to ernorate of Dhofar. ment, while Eng. Sameeh Sawers,

board chairman, signed on behalf of 50 years, with a possibility of free The company will undertake to
the company. ownership in accordance to Royal implement and complete the
Decree No. 12/2006 and its executive infrastructural utilities and the set-
As per the Al Seifa project develop- panel. ting up of tourist projects in a maxi-
ment agreement, the Sultanate will mum period of five years of the
allocate six million square metres of The Al Seifa area in the wilayat of agreement signing date.
land and the Right of Utilisation to Muscat is renowned for its tourist
set up a fully integrated tourist attraction and sandy beaches. It is The tourist area in Salalah, which is
project. about 45km away from the Seeb In- renowned for its unique tourist loca-
ternational Airport. tion and sandy beaches, extends
Phase I of the project includes con- from the wilayat of Salalah to Khor
struction of five-star hotels, golf As per the agreement of the Salalah Taqah, which is about 15km away
course of high standard, a berth to development project, the govern- from Salalah airport.
accommodate 200 boats, commercial ment will allocate a space of 15 mil-
centre, markets and luxury residen- lion square metres of land with 50 It is worth noting that the integrated
tial units. years utilisation right to set up a tourist complexes comprise tourist
fully integrated tourist project to be and real estate utilities.
The Muria Tourist Development implemented in two phases.
Company will undertake the imple- Free ownership is permitted for indi-
mentation and completion of the Phase I comprises construction of a viduals and establishments in accor-
tourist utilities within a maximum pe- five-star hotels, a high standard golf dance with Royal Decree No. 12/
riod of five years of the signing the courses, a berth to accommodate 2006. The signing of the agreements
agreement, in addition to the setting 200 boats, commercial centre, tradi- comes within the context of the
up of infrastructural utilities. The tional markets and luxury residential Sultanate’s efforts to attract more
right of utilisation period will be for units. tourist investments.
50,250 houses and

4,557 establishments af
4,557 afffected
ected
Source: Times of Oman - 30 June 2007
T he main Inventory and Assess-

ment Committee formed as per
the royal orders of His Majesty Sul-
houses counted by the inventory
teams stood at 50,250 in the wilayats
of Muscat, Muttrah, Bausher, Al
eration with the Omani Chari-table
Organisation (OCO).
tan Qaboos bin Said, yesterday, Seeb, Al A’merat, Quriyat, Barka, Upon the committee’s invitation, the
held its fourth meeting under the Bidbid and Sur. meeting was also attended by the
chairmanship of Sayyid Ali bin undersecretary of the Ministry Na-
Hamoud Al Busaidi, minister of the The main committee has also exam- tional Economy for development af-
Diwan of Royal Court, in the pres- ined a report on the efforts being fairs and chairman of the sub-com-
ence of the minister of interior, the taken by the field inventory teams mittee formed at the Ministry Na-
minister of state and governor of to count the damage sustained by tional Economy for inventory and
Muscat, secretary-general of the Fi- commercial establishments, which evaluation of damage sustained by
nance Ministry, and the assistant- stood at 4,557 as on June 29 in the properties due to the unusual
inspector-general of police and cus- aforesaid wilayats. weather conditions.
toms.
Meanwhile, the committee reviewed The second instalment of the urgent
The main committee has examined a the efforts being put in by the Do- aid is expected to be distributed in
report on the decisions taken in the nation Fund Committee to aid those the next few days in Muscat,
previous meetings. It also reviewed affected by unusual weather condi- Quriyat, Seeb and later in Barka and
a report presented by the sub-com- tions, where the fund committee Bidbid. Meanwhile, the authorities
mittee on the inventory and assess- continued to provide urgent aid to concerned had started the supply of
ment activities between June 16 and the wilayats of Muscat, Muttrah, Al temporary accommodation for the
June 28. The number of affected A’merat, Bausher and Sur, in coop- affected people.
MARKET REPORT 47
Shor tage of cement halts man
Shortage manyy projects
projects
Source: Oman Tribune - 30 June 2007
T he shortage of cement has hit

many sectors badly in the Sul-
tanate. Many projects have been
lutions like setting up new factories,
providing help to the existing facto-
ries, issuing new regulations which
The CEO of Oman Cement said cur-
rently the company was unable to
meet the growing demand because
halted as contractors and compa- could control the market in a better many traders buy large quantities
nies were not getting the required way and protecting consumers and store them.
cement supply to carry out their against fraud by facilitating cement
construction work. imports. At the same time, there was a boom
The crisis has led to a rise in cement in the construction sector and land-
prices as scores of traders capitalis- Oman Cement and Raysut Cement owners were trying to build their
ing on the shortage have been try- last Sunday had said that they are houses in the wake of the recent rise
ing to make a fast buck. ready to meet the growing demand in rents.
of cement in the coming months but Saif Bin Salman Al Tobi, a resident,
In the absence of any committee to called upon the authorities con- said the cement market has been
control the rising prices, the situa- cerned to control the market and facing a real crisis with no way out.
tion was turning from bad to worse. keep closely monitor traders who “We are spending long hours to
Moreover, traders seem to have raise prices and hoard available buy cement and if we find a trader,
been ignoring the rules issued to quantities to keep the crisis going. we have to bargain and buy it at the
regularise cement trade. They called upon the authorities to hiked price.”
Cement prices have risen by 80 per provide additional incentives to the
cent in Ibri, Nizwa and Sohar – a rise private sector to import more cement Hussein Bin Ali Al Mantheri, a con-
that may prove catastrophic for a or set up new cement plants. They tractor in Ibri, said: “Even if the
number of contractors and house also urged the government to make price of a cement bag is RO3, it is
owners who feel helpless in such a available the gas required to operate still difficult to get the required
situation. cement plants, especially when the quantity. The authorities concerned
Sultanate will need cement to carry should be held responsible for their
It may be recalled that Oman Tri- out the reconstruction of the infra- inability to control the market and
bune has written about the issue structure devastated by Cyclone maintain a balance between demand
and also proposed a number of so- Gonu. and supply.
RO7
O76 6 million ok
okaayed tto
o rebuild
cyclone-af
clone-afffect
cyclone-af ed infrastructure
ected
T he ministerial committee formed

as per the royal orders of His
Majesty Sultan Qaboos bin Said to
the areas affected by the tropical cy-
clone.
the Ministry of Regional Municipali-
ties, Environment and Water Re-
sources to repair damage inflicted
rebuild the infrastructure affected A sum of RO76 million was ap- on internal roads, lighting and aflaj
by Cyclone Gonu, held its third proved out of which RO10 million in the governorate of Muscat and in
meeting yesterday under the chair- was approved for Muscat the Al Batinah, Al Dakhiliyah and Al
manship of Ahmed bin Abdulnabi Municipality’s developmental bud- Sharqiyah regions.
Macki, minister of national economy get to carry out work related to re-
and deputy chairman of the Finan- moval of debris, water, opening of He added that the balance amount
cial Affairs and Energy Resources main and internal roads in the of RO30 million was allocated for the
Council. wilayats of the Muscat governorate. development budget of the Ministry
of Transport and Communic-ations
Macki said the committee has dis- The minister further said that RO36 for repairing the asphalt and graded
cussed during its meeting a number million from the amount was allo- roads in the Al Sharqiyah and the Al
of issues related to the rebuilding of cated for the development budget of Batinah regions.

Macki indicated that the ministerial Ministry of Regional Municipalities, the proposed protection works at
committee had approved the forma- Environment and Water Resources the Al Qurum commercial district
tion of a technical committee com- and the Supreme Committee for and nearby areas subjected to wadi
prising the Muscat Municipality, the Town Planning to study bridges and flooding.
Nizwa Industrial Estate

witnesses investment boom
Source: Times of Oman - 26 May 2007
H amed bin Hamoud Al Qassabi,

director of Nizwa Industrial Es-
tate (NIE), said the volume of Omani
NIE, recently received an additional
space of 140,000sqm from the Minis-
try of Housing, Electricity and Wa-
The NIE director said the glass
smelter project is one of the largest
industrial projects to be imple-
and foreign investments at NIE had ter, thereby raising its total area to mented at NIE during forthcoming
reached RO50 million. 2,140,000sqm. So far, only period. The total foreign investment
800,000sqm have been utilised, he in the project is to the tune of $10
He told Oman News Agency (ONA) added. million. The project will commence
that the NIE will require further fi- operation in 2008.
nancial resources during forthcom- Qassabi said a number of projects
ing stage in order to provide infra- are currently existing at NIE, includ- Qassabi said raw materials such as
structure and services such as ex- ing 12 factories, seven of which are marble quarries, sand and agricul-
pansion of road networks, water under construction, procedures re- tural materials are located near NIE.
supply, wastewater management, lated to five projects are under With regard to Omanisation at NIE,
and power and gas. completion and two projects are be- he said, NIE is currently employing
ing evaluated. a great deal of Omani youth.
He said phase-one at NIE, whose
area stood at 260,000sqm, was de- Major industries at NIE are ceramic Omanisation ratio stood at 35 per
veloped in 1994. Arrangements to tiles, foodstuff, metallic alloys, tim- cent of the 600 total labour force at
prepare drawings for expansion of ber, water tankers, tea packaging, NIE.
services to phase two and three are furniture industries, steel structur-
under progress due to be imple- ing, building materials, oil and gas With new projects induction such
mented in the second half of 2007. services which provide technical as glass smelter project which is en-
NIE is currently witnessing consid- and logistics support to various oil visaged to provide 300 job opportu-
erable turn out from investors as to and gas projects, besides a com- nities for Omanis, Qassabi hoped
set up new projects and expand ex- pany which provides storage and that the Omanisation ratio would im-
isting ones. handling services at NIE. prove.
Third Crowne Plaza ho

Cro hottel tto
o be located in Sohar
located
I nterContinental Hotels Group, the

global hotel company, has rein-
forced its commitment to Oman as a
launched in 2002 and is set to be-
come the economic backbone of
Oman’s diversification effort.
banquet hall catering for up to 400
guests.
thriving business and tourist desti- The extensive leisure facilities in-
nation by announcing the develop- Planned to open at the end of 2007, clude a bowling alley with pool and
ment of a third Crowne Plaza hotel, the 126-room Crowne Plaza Sohar snooker tables and a worldclass
in the burgeoning industrial city of will be the first internationally health club with a fully equipped
Sohar. branded hotel in the area. It will fea- gym, steam room, sauna and mas-
ture a diverse mix of food and bever- sage facilities, tennis courts and an
The hotel, developed by owners age, leisure, commercial and service outdoor swimming pool. Commercial
Samco Trading & Contracting, is lo- outlets, including a Mediterranean services include boardrooms, meet-
cated on a hilltop near the Sohar In- restaurant, a lobby-level patisserie, ing and training rooms furnished
dustrial Port Company project, sports bar, poolside dining and a with state-of-the-art equipment. The
MARKET REPORT 49
800-square-metre fully serviced of- corporations and intra-regional business destination.”
fice space with separate entrance travel remain key to the commercial
and car parking will also be available success of the hotel, the Sohar Salim Macki of Samco Trading &
for lease. property will also act as a vital facil- Contracting said: “The development
ity and employer for the local com- of an established branded hotel
Tony Zamora, director of opera- munity, further testament to the such as Crowne Plaza is vital to
tions, InterContinental Hotels group’s commitment to meet the business needs of the port
Group, Oman said, “With the addi- Omanisation.” of Sohar and local business commu-
tion of Crowne Plaza Sohar we will nity. The high standards that are in-
see the group’s portfolio in the Added Zamora, “The Sohar devel- herent of the Crowne Plaza brand
country rise to 1,300 rooms, this will opment is indicative of the high lev- and its tailormade facilities will
allow us to offer a complementary els of industrial enterprise currently prove integral to international busi-
choice of hotels in Oman, to cater to occurring in the country and we are ness travellers and provide a wel-
a diverse mix of business and leisure proud to play a significant role in its come addition to the leisure activi-
travellers. While established global success as a world-class leisure and ties of the local community.”
Oman Ceramics opens

new sho
new wr
showr oom in W
wroom adi K
Wadi abir
Kabir
O man Ceramics Co. SAOG,

manufacturers of high-quality
vitreous sanitaryware, opened their
reputed European suppliers and the
technology is from the UK. Certain
critical raw materials are imported
per cent of its sales comes from ex-
ports to the UK.
new showroom in Wadi Kabir on from UK to ensure high product The products are in conformance to
Sunday. quality and reliability. The company EN (European) standards, British
is in the process of getting ISO:9001 standards, Saudi standards and are
Oman Ceramics is the only manufac- certification.The present capacity of tested and certified by CERAM —
turer of sanitaryware in the Sultan- the plant is 375,000 pieces per an- the world’s largest independent cer-
ate of Oman and boasts of a modern num and the company is in the pro- tification body for ceramics prod-
and state-of-the-art factory at Sohar. cess of implementing an expansion ucts. The products of the company
The plant was set up with the pri- plan that will enhance the capacity are sold under the brand name
mary intent of exporting to Western to 600,000 pieces per annum. Wave.Wave sanitaryware are ap-
Europe and also to exploit the busi- proved by Abu Dhabi Municipality,
ness opportunities in the AGCC and The product quality of the company many ministries of the Sultanate of
nearby regions. The plant and is comparable to reputed European Oman and National Housing Au-
equipment have been sourced from brands and in fact approximately 30 thority in Kuwait.
Yiti resor
resortt ffir
irst phase ma
irst mayy go
on stream by mid-2009
T he first phase of the pictur-

esque $1.4 billion Salam Resort
& Spa (Yiti) is expected to be com-
The property offerings will include
exclusive 5-star hotels, luxury villas
and magnificent apartments,
Sama Dubai is the international
property development & investment
subsidiary of Dubai Holdings while
pleted by mid-2009. complemented by a golf course, a Omran is the Oman Government
marina, a state-of-the-art wellness sponsored tourism development
Official sources told the Times of spa and eco-marina centre. The representative.
Oman that when fully developed, project is being developed by the
over 700 hotel rooms would be UAE-based Sama Dubai in a joint Salam Resort & Spa-Yiti is one of
available for tourists with additional venture with Omran (Oman Tourism the two resorts being created under
serviced residences. Development Company). the Sama Dubai Resort & Spa brand.

The other is Salam Beach Resort & this project appealing is the unique “With Oman’s politically stable en-
Spa – Bahrain, which will be the architecture which is inspired by the vironment and a growing economic
kingdom’s first exclusive beach Omani heritage and remains true to and social system, the progression
community. the traditions and culture of the Sul- of the country has resulted in a
tanate. The mountain and beach great increase in tourism. Oman’s
The 3.7sq.km Salam Resort & Spa– club setting will also deliver a luxuri- dramatic deserts and coastal land-
Yiti located at a 15-minute drive ous and sophisticated environment scapes surrounded by the azure wa-
south of Muscat, is positioned as to guests seeking escape. The re- ters of the Gulf of Oman combines
an architectural testimony to sort aims to attract international and to create a wonderful tourism experi-
Oman’s diverse natural beauty, rich regional tourists as well as second- ence.
culture and beauty and is poised to home owners in search of tranquil-
become a prime destination for the lity, wellness and relaxation and In addition the historic culture of
international luxury travel market. aims to convey the true essence of the Omani lifestyle which dates back
Oman. 5,000 years, makes Oman a truly
Building on the natural canvas pro- unique destination for international
vided by Oman’s breathtaking sur- Luxury villas and townhouses will visitors,” representatives of Sama
roundings, the Salam Mountain be available for private freehold said.
Beach Resort & Spa-Yiti will harness ownership to expatriates.
the beauty of the region, offering Living up to its Arabic connotation
long stretches of beach and spec- Officials of Sama Dubai are upbeat meaning of ‘peace’, the ‘Salam’ re-
tacular views. that Salam Resort & Spa-Yiti fits into sorts promise harmonious living
the overall tourism component of within the finest integrated luxury
One of the elements which makes the Sultanate of Oman. resort communities in the world.
The Wave signs pact with K

Wa empinski
Kempinski
Source: Times of Oman - 28 April 2007
C ome 2010, the Azaiba shore

overlooking the vast expanse
of turquoise Gulf of Oman will be
and the resurgence of hotel indus-
try, Kempinski’s presence will add
momentum to the tourism growth.
VP Development at Kempinski Ho-
tels, said: “We are delighted to be
part of The Wave, Muscat.
home to a palace of dreams.
After the signing ceremony “Kempinski has entered the regional
The Wave, Muscat, Oman’s leading Abdullah bin Abbas bin Ahmed resort market in response to grow-
tourism and beachfront residential said: “The partnership between the ing consumer demand even as we
development, announced that world-renowned Kempinski Hotels continue to maintain our leadership
Kempinski Hotels, one of the lead- and The Wave, Muscat, is yet an- in the business travel market, en-
ing luxury hotel groups worldwide, other important milestone in creat- dorsed by our renowned properties
has signed up for a beachfront ing our landmark destination. in many of the world’s key cities.”
property at the development during
a ceremony held here on Thursday The Wave, Muscat, epitomises the He added: “Our foray into Oman
at the magnificent Emirates Palace aspiration and culture of Sultanate and participation at this unique de-
(managed by the Kempinski). The of Oman and we are committed to velopment property further rein-
ceremony was attended by the com- delivering exceptional residential, forces our expansion plans in the
panies’ officials and Majid Al retail and leisure facilities”. Middle East. Our property at The
Futtaim Group, one of The Wave, Wave, Muscat, will offer an excep-
Muscat’s main investors. He added: “With the expertise on tional range of business and leisure
offer from our strategic partners like facilities, and luxury amenities
At a ceremony Abdullah bin Abbas Kempinski Hotels, the development within a breathtaking beachside lo-
bin Ahmed, chairman of Muscat joins the league of the top commu- cation.”
Municipality, and chairman of The nity projects in the Middle East. Our
Wave, Muscat, and Ulrich Eckhardt, tie-up with Kempinski is part of our Rashid Al Saadi, board member of
senior vice-president, Middle East vision to involve the finest world- The Wave; Ahmed bin Brek, vice-
and Africa, Kempinski, exchanged class companies in the field.” chairman, board of directors, The
documents after inking the pact. En- Wave, Muscat and representative of
thused by Oman’s strong economy In his comments, Ulrich Eckhardt, Majid Al Futtaim Investments and
MARKET REPORT 51
Michael Henssler, general manager, Oman receives the largest number of lers.” Commentinmg on the increas-
Mall of Emirates, Abu Dhabi were visitors from European countries. ing demand for five-star hotel occu-
present during the signing cer- pancy, Jeff Rossely said that three
emony. For leisure and business guests years ago Oman’s five-star hotel oc-
alike, the name Kempinski has long cupancy rate was 40 per cent on an
Later at a press conference held been synonymous with style, nobil- average and currently it has
yesterday at the Emirates Palace ity and efficiency. Put simply, they touched 80 per cent.”
here, Wael Ahmed Al Lawati, deputy are the first choice for the discern-
CEO, The Wave, Muscat, said that ing individual.” He further said: “In Ahmed bin Brek, vice-chairman
the management expertise of addition to operating many of finest board of directors, The Wave, Mus-
Kempinski will ensure that highest city hotels in the world, Kempinski cat and representative of Majid Al
levels of service will be savoured by is a name that now be found in Futtaim Investments commented: “It
our guest and residents. Wael many exciting resort locations, each is particularly exciting to have
added: “The Kempinski Hotel will combining local flair and ambience Kempinski Hotels at The Wave,
blend gracefully onto the Wave sur- with the international standards of Muscat. We have worked with
roundings and offer luxurious ac- service and luxury Kempinski Kempinski previously at Mall of the
commodations and unrivalled guests have come to expect.” Ac- Emirates and we hope to continue
amenities complemented by impec- cording to Ulrich the marketing our excellent rapport with the devel-
cable service.” strategy would be begin with the lei- opment of this landmark property”.
sure segment. “With superb loca-
Wael added that the third hotel in tion, close proximity to the airport Also present on the occasion was
The Wave would be announced and brand image of Kempinski Amer Al Fadhil, vice-president (Ex-
next year as they are already tied up Oman would be able to entice tour- ternal Affairs), The Wave Muscat.
with Fairmont and Kempinski pres- ists pretty quickly.”
ently. When asked if the presence of Rich in tradition, the Kempinski over
hotels would not disturb the privacy Jeff Rossely, board member of the the world comprises a fine collection
of the residents in the project Wael Wave and CEO of MAF Develop- of sumptuous hotels and resorts,
allayed the fears saying the resi- ments LLC, averred: “‘The opulence from the truly historic to the breath-
dences are protected and would not at its finest’ property will have takingly avant-garde. Today
lose privacy. about 300 rooms and will deliver ser- Kempinski’s prestigious portfolio
vice as a complete product.” “The comprises over 55 luxurious proper-
Participating in the press confer- entry of Kempinski,” he said, ties in Europe, the Middle East and
ence, Ulrich said: “We are pleased “would offset the shortage of good Africa, Asia and South America.
and honoured to participate in five-star rooms in Oman. He said: Well known and established names
Oman’s premier real estate and tour- “With the tourism-friendly Govern- such as the Hotel Adlon Kempinski
ism project and guarantee to add ment of Oman addressing the infra- in Berlin, the Cira?an Palace
value to the equation. Being structure demands and the potential Kempinski in Istanbul, Emirates Pal-
Europe’s oldest international hotel of more air traffic from different re- ace Hotel in Abu Dhabi, the
which is into business for the last gions of the world to Oman being Kempinski Grand Hotel des Bains in
110 years and which has a strong realised property like Kempinski St Moritz and the Kempinski Grand
brand name, Kempinski will be able would be an ideal choice for the Hotel in Heiligendamm are part of
to attract guests from Europe as business as well as leisure travel- the international growing group.
The Wave begins construction

Wa
Source: Times of Oman - 15 April 2007
O man’s top tourism and beach-

front residential development
project, The Wave, Muscat, yester-
planned community occupying a to-
tal area of 2,500,000 square metres
along 6km of natural beach. The
restaurant outlets. Located within a
10-minute drive from the centre of
town, the community will be within
day commenced construction of Wave, once completed, will be home driving distance from the numerous
residential properties and marine to 4,000 dwelling owners from all na- authentic attractions of Muscat
works. tionalities, a signature 18 hole green while enjoying world-class ameni-
golf course designed by the legend- ties and facilities.
Overlooking the Gulf of Oman, The ary Greg Norman, 300 berth marina,
Wave, Muscat, is a fully master four luxury hotels, villas, retail and With house foundations and infra-

structure commencing on site, and construction of this most exciting Carillion Alawi, Al Turki Enterprises,
the arrival of additional construction addition to this unique city. Al Mashrikia-Travo and Bauer
equipment dedicated to the devel- Spezialtiefbau GmbH amongst other
opment, The Wave, Muscat, consid- “We are on course to deliver on our contractors, for housing construc-
ered to be the Sultanate’s most pres- core mission to offer unparalleled tion and setting up of requisite in-
tigious initiative, is now starting to investment and lifestyle opportuni- frastructure and related support
take shape. ties at The Wave, Muscat. It is very structures. The recent agreements
exciting to see our vision come to mark a pivotal stage in the develop-
The landmark inaugural ceremony fruition. We have assembled a fine ment of the project.
was held under the auspices of team of reputed contractors and
Sayyid Al Mutassim bin Hamoud Al conglomerates to ensure the suc- The Wave, Muscat, is set to become
Busaidi, minister of state and gover- cess of the project and we are well the regional focal point, offering un-
nor of Muscat. on schedule.” paralleled prospects to both local
and foreign investors with a vast ar-
Sheikh Mohammed bin Abdullah Al Jeff Rossely, CEO, MAF Develop- ray of modern amenities, accommo-
Harthy, minister of transport and ments, said: “The diligent process dation and leisure facilities, includ-
communications; several govern- followed in the design, and now in ing Oman’s first sea facing links golf
ment officials, dignitaries and top the implementation of our project course — the signature course to be
officials of The Wave, Muscat, as will create an object of pride for designed by renowned golfer Greg
well as officials from one of The Muscat and will ensure a quantum Norman.
Wave, UAE based Majid Al Futtaim leap for the Omani tourism sector.”
Group, and Omani Pension Funds, The Wave, Muscat, is being devel-
attended the prestigious event. The event celebrated the new con- oped through a joint venture com-
struction phases and emphasised prising Oman’s Waterfront Invest-
In his address, Engineer Abdullah the progress achieved at the devel- ments (representing the Government
bin Abbas bin Ahmed, chairman, opment. The Wave, Muscat, has re- of the Sultanate of Oman), National
Muscat Municipality and chairman cently announced numerous con- Investment Funds Company (repre-
of the board of directors, The Wave, tracts amounting to more than senting Omani Pension Funds), and
Muscat, said: “We are extremely RO100 million with market leaders the UAE-based Majid Al Futtaim
proud to witness the start of the Group.
Golden TTulip
ulip Nizwa plans e
Nizwa xpansion
expansion
Source: Times of Oman - 02 March 2007
G olden Tulip Nizwa Hotel, which

is celebrating its 12 anniver-
sary, is expected to give more value
Nizwa being the cultural and heri-
tage capital of Oman needed more
accommodation to cater to the
panded its capacity and added 80
more luxury rooms in the year 2000.
The chairman further added that the
for money for all its shareholders. growing tourist market. mission of the hotel is to maintain
its reputation as the best 4-star de-
The hotel is planning a major expan- To serve the increasing demand of luxe hotel in the Dakhliyah region.
sion. As part of this plan, jacuzzi/ the market, Interior Hotels Co was In pursuit of this aim, efforts and
sauna facility, a theme restaurant established and came up with a plans are being laid out for continu-
and villas (which could be rented world-class hotel in Dakhliyah re- ous upgradation of standards and
out to corporate clients, residents of gion in the year 1994 on the auspi- services to provide the guests un-
Nizwa and international guests) will cious occasion of 24th National Day matched hospitality.
be added. The hotel held a reception of Oman.
as part of its 12th anniversary cel- Golden Tulip Nizwa entered into a
ebrations to honour all tour opera- Speaking on the occasion, Nasser franchise agreement with the inter-
tors/travel agents, corporate compa- bin Khamis Al Hashar, chairman of national brand, Golden Tulip Hotels,
nies besides ministries and govern- the company said that with the Inns and Resorts, which offer over
ment officials who have patronised boost given to the tourism industry, 500 hotels in 45 countries.
and supported the hotel in the past Oman became a popular destination
years. In the early 90s the Sultanate among tourists and to meet the in- Nasser expressed his gratitude to
of Oman was growing rapidly and creasing demand, the hotel ex- the Ministry of Tourism and to all
MARKET REPORT 53
other ministries for helping in pro- tional standard amenities to ensure who were present at the function for
moting the tourism sector in and that the stay of the travellers is their patronage and assured con-
outside Oman. peaceful, relaxed and memorable.” tinuous and long lasting business
relationship. Golden Tulip Nizwa is
Sarfraz Ahmed Sethi, general man- Sethi expressed his thanks to the located an hour drive from Seeb In-
ager, Golden Tulip Nizwa said: “Our tours operators/travel agents, cor- ternational Airport, Muscat and is
aim is to combine the cultural heri- porate executives and representa- ideal for both business and leisure
tage of Oman with all the interna- tives of embassies and ministries travellers.
Sharq Sohar’s Steel Melt Shop

to commence operations in A ugust
August
Source: Oman Observer - 15 March 2007
S harq Sohar’s multi-million-dollar

Steel Melt Shop (SMS) unit will
come on stream by around August
of the project’s development. Scrap
iron, the main raw material for the
project, will be sourced locally, as
SASO standards.
Today, the company is the largest

this year, a company official said. well as from the United Arab Emir- producer of new generation high
The project, under development on ates. Melt shop technology is being strength reinforcement bars in the
a 25-hectare plot within the Port of provided by IDC of Turkey, a major Sultanate. The plant also comes
Sohar, is now around 60 per cent force in scrap-based manufacture of with an epoxy coating unit, which
complete. Civil and structural works steel billets. The entire output of provides rust and corrosion-proof
are now complete, with equipment steel billets is earmarked for coated rebars for the construction
erection set to commence shortly, SSSRM’s rolling mill, which pres- industry. The company enjoys a
the official added. ently depends on steel billet imports strong market presence in Oman,
from Ukraine and other markets. UAE, Saudi Arabia and other coun-
The Steel Melt Shop unit is being tries of the Middle East.
developed by Sharq Sohar Steel When the Melt Shop unit is opera-
Rolling Mills LLC (SSSRM), which tional, Sharq Sohar’s capabilities will Sharq Sohar’s products have been
already produces reinforcement bars extend from steel-making to rolling, used in the construction of a num-
(re-bars) at its existing rolling mill at the official said. In addition to using ber of prestigious projects including
the nearby Sohar Industrial Estate. scrap as raw material, the plant is Sohar Port, Sohar Refinery, Oman
Conceived as a backward integra- also configured to use Direct Re- Methanol, Barr Al Jissah Resort,
tion plant, the new steel-making unit duction Iron (up to around 30 per Omifco fertiliser project, Al Khoudh
will produce initially 200,000 tonnes cent). Established in 1995, SSSRM’s and Al Mawaleh interchanges, and
per annum of continuous cast mild rolling mill currently operates at Sohar Aluminium, among others.
steel billets. around 295,000 metric tonnes per Customers in the region include
annum, producing a mix of 8 mm to Dubai Airport, National Petroleum
Capacity will be boosted to 500,000 32 mm high strength reinforcement Corporation (Iran), Qatar Petroleum,
tonnes per annum in the next phase bars conforming to BS, ASTM and and Saudi Arabia’s SGCM.
ACP launc hes ne

launches w pr
new oducts
products
Source: Times of Oman - 21 March 2007
A ssarain Concrete Products

(ACP) yesterday launched a
number of new and innovative con-
the launching ceremony at Grand
Hyatt. Offering a diverse new range
of products, ACP is continuing to
night. This included VIPs, dignitar-
ies and representatives from the
government, consulting and busi-
struction and landscaping products. extend its value for money to its ness community.
customers, thereby raising the stan-
Salem bin Said Al Ghattami, presi- dard of living in Oman. Over 300 Displayed on stage were the latest
dent of the Oman Chamber of Com- guests attended the ACP’s mega- products set to benefit the general
merce and Industry presided over launch event at the Grand Hyatt last public and the commercial sector

alike, ranging from new generation Launching latest products in the tem never used earlier in Oman. ACP
design of interlocking tiles to latest market, ACP, in its core competency Managing Director Khalid Said Al
dry pre-mixed plasters and renders area, introduced the ‘Najmah-Galaxy Wahaibi reaffirmed: “As a dedicated
to the most wonderful landscaping series’ of paving tiles for the more team, we remain committed as a part-
products. discerning and niche clients. ACP ner to the construction industry, to-
has been the pioneer in Oman to in- wards creating a beautiful Oman,
Assarain Concrete Products had al- troduce Light and Semi Light and ACP will continue to fulfil its
ready grown multifold in the last Weight Blocks, which are supposed pledge to its customer base by way
five years. Assarain and Alserkals, to be giving good savings in con- of bringing in beneficial and novel
both very renowned and respected struction. ACP has also come in products to them.”
business houses of Oman and with patented products like reflec-
Dubai, respectively, have joined tive pavers and innovative paver Ibrahim Said Al Wahaibi, managing
hands in Dubai and commissioned a system for roads and airport con- director for investments spoke
very large concrete products manu- struction respectively. about the group’s focus on its prod-
facturing plant at the Dubai Invest- ucts. He said Oman is growing in
ment Park. This apart, they have ACP is the exclusive agent in Oman leaps and bounds to fulfil the re-
also committed large investment in for “Plaxit” products, manufactured quirements of the market. A. R.
Sohar for a similar facility. This will in UAE, making cement, gypsum or Varma, general manager of ACP
meet the growing demand for lime based dry pre-mixed mortars gave a clear insight into the group’s
Assarain products from the con- and renders. Simultaneously, a new philosophy, work ethics and values.
struction industry. ACP has the system for carrying out high speed In recent years, ACP’s growth has
highest market share in the market plastering over large areas through been in a definitive direction of
by way of having an innovative automatic silos and plastering ma- quality, innovation and competitive
range of products and designs. chines were also presented, a sys- pricing.
New projects will ease steel prices

M ulti-billion investments in
Oman’s rapidly developing
iron and steel industry are expected
of the prestigious event, Al Harthy
noted, was in recognition of the
country’s emergence as a steel-pro-
has already attracted commitments
of around $5 billion in investments
in iron and steel projects. These in-
to impact positively on domestic ducing nation. “Mindful of the clude Oman’s first steel making unit
steel prices, currently hovering at Sultanate’s geographical location by Shadeed Iron and Steel, a pro-
new highs, Shaikh Mohammed bin close to the major steel consuming posal for a major seamless tube
Abdullah al Harthy, Minister of markets of south-Asia, particularly plant by Shadeed with India’s Jindal
Transport and Communications, China and the Indian sub-continent, Saw, an iron ore pelletising plant
said here yesterday. Speaking at the the Oman Government had taken a Brazilian mining giant Companhia
opening of the Arab Steel Summit strategic decision to foster invest- Vale do Rio Doce (CVRD), a Steel
2007, which is under way at the ment in a domestic iron and steel in- Melt Shop by Sharq Sohar Steel
Grand Hyatt Muscat, he said the dustry. Five years ago, the govern- Rolling Mills and a Merchant Bar
country’s burgeoning iron and steel ment embarked on a heavy Mill by Al Jazeera Steel Products.
sector would play a significant part industrialisation drive centring on
in meeting future domestic demand steel and aluminium,” Al Harthy Later, speaking to journalists,
for steel products vital for the con- said. Maqbool bin Ali Sultan, Minister of
struction industry, as well as petro- Commerce and Industry, noted that
chemical and industrial projects. He noted in this regard the Port of the present high cost of steel was a
Sohar’s strategic location for invest- worldwide phenomenon and not lim-
The two-day summit, organised by ments in iron and steel projects. ited to Oman. Global consumption
the Arab Iron and Steel Union Good infrastructure, access to en- of steel, he said, had increased sig-
(AISU) in co-operation with the ergy, proximity to consuming mar- nificantly on the back of strong eco-
Ministry of Commerce and Industry, kets and excellent transportation nomic growth. Freight costs of
has attracted a number of heavy- links are factors that lend a competi- transporting steel from producing
weight players in the regional iron tive edge to projects located in countries to consuming markets too
and steel industry. Oman’s hosting Sohar, he said. The industrial port had risen some 200 per cent, while
MARKET REPORT 55
demand from China and East Asia to 35 million tonnes per year by and steel industry are taking part in
continues to drive up prices. He 2010, from around 25 million tonnes the Summit. They include Saudi Ba-
voiced optimism that the upward in 2007. The Arab region will ac- sic Industries Corporation (SABIC),
trend in steel prices would ease off count for roughly half of this new Al Ghaith Holding, GHC Emirates
as new steel production units came capacity, he said. Iron Industries, Libya Iron and
on stream. Steel, Jordan Steel, CVRD Interna-
AISU Secretary-General M L tional, Monnet Ispat & Energy (In-
AISU Chairman M S al Jabr, in his Lachgar urged Arab producers to dia), Al Ghurair Steel (UAE), and
address at the summit, noted the seriously look at opportunities for United Gulf Steel (Saudi Arabia). A
Arab region’s growing influence as mergers and acquisitions in order to number of leading equipment and
a steel producer. Total global steel remain competitive. Several well- technology suppliers are attending
production capacity is set to climb known names in the regional iron as well.
Shadeed Iron & S

Iron Stteel tto
o boost capacity
to 3.5 mtp
mtpyy b
byy 20
20110-11
S hadeed Iron & Steel aims to ex-

pand the total capacity of its gi-
ant Sohar complex to 3.5 million
is now 38 per cent complete, said Al
Ghaith, who is also Chairman of
Shadeed Iron & Steel.
dition, agreements linked to the sup-
ply of raw materials have also been
inked with Samarco, LKAB, GIIC
tonnes per year (mtpy) by 2010-11, a and CVRD.
top company official said. “The foundation of the shaft fur-
nace area has been duly executed Significantly, Shadeed’s develop-
Ali Hamil al Ghaith, General Man- and the furnace structure is cur- ment will lead to a number of firsts
ager of the UAE-based Al Ghaith rently under erection. As you may in the region, Al Ghaith said. Be-
Holding PJSC, the majority share- note, progress on the DRI unit is sides being the first steel plant
holder of Shadeed, said the increase very aggressive as we are planning based on Hotlink Midrex technol-
is proposed to be achieved through to start commercial production at ogy, Shadeed will also develop the
capacity expansion and product di- the DRI unit by the end of 2008.” first-of-its-kind seamless tube mill in
versification. Last month, the Al Ghaith Group an- the region. The project also boasts
nounced plans to set up a major the first fully dedicated quay wall of
Addressing the Arab Steel Summit seamless tubes plant at Sohar at an 600-metre length and –19 metre
2007, which began in Muscat yes- estimated cost of $4 billion in joint draft. All of these factors under-
terday, Al Ghaith said: “We have al- venture with India’s Jindal Saw. En- score the project’s competitive and
ready set our sights towards our fu- visioned as part of the new project, strategic advantage, he noted.
ture plans and we look forward to Al Ghaith said, is a 0.5 mtpy capac-
developing a fully integrated state- ity seamless pipes manufacturing “Our vision is to become one of the
of-the-art steel complex at our site, facility along with the production of leading steel makers in the region in
so as to achieve the vital edge in 1 mtpy of billets. a very short period of time and to
terms of product diversification and expand our business in this field to
also to maximise the production ca- “We at Shadeed strongly believe reach new horizons. Towards this
pacity to 3.5 mtpy by 2010-2011.” that such product diversification end, we are ready and open to any
would definitely enhance the com- and all commercial proposals that
Shadeed is currently building the petitive abilities of our plant and might be raised from regional or
Sultanate’s first steel-making unit would support our future expansion overseas partners. It needs to be
comprising a 1.5 mtpy Direct Reduc- programmes and strategies,” he realised that only be combining
tion Iron (DRI) plant with a 1 mtpy said. Emphasising the robust cre- knowledge and expertise we can
Steel Melt Shop at a site within the dentials of the project, he said the move towards extreme competitive-
industrial Port of Sohar. Total in- company had already concluded all ness, which indeed is required to
vestment in this project is estimated the relevant strategic contracts with convert the Gulf region into the
at $700 million. Work on the DRI the Omani government, covering the most competitive region in steel
unit, which is being built by Japan’s supply of gas, power and seawater, making and to elevate this region to
Kobe Steel on an engineering-pro- as well as the construction of a the top of the world steel-making
curement-construction (EPC) basis, quay wall of –19-metres draft. In ad- map,” Al Ghaith stated.

Steel summit tto
o highlight Oman’s emerence
as a steel producing nation
O man’s credentials as an emerg

ing steel producing heavy-
weight will be underlined at the
cently outlined plans to establish a
major seamless tube plant at Sohar
with India’s Jindal Saw International
as a destination for investments in
iron and steel ventures, this event
will also give impetus to the
Arab Steel Summit 2007, which at an estimated cost of $4 billion. government’s desire to encourage
opens at the Grand Hyatt Muscat downstream investments in this sec-
tomorrow. The Sultanate’s hosting Another giant venture contemplated tor. We have adopted investor-
of the two-day forum is a reflection at Sohar is an iron ore pelletising friendly licensing procedures, while
of its impending status as a major plant by Brazil’s Companhia Vale do a One-Stop-Shop will speedily pro-
steel-producer, according to an offi- Rio Doce (CVRD), one of the cess applications at the Ministry,”
cial of the Ministry of Commerce world’s biggest metal and mining he said.
and Industry, which is organising companies. Total investment in the
the event jointly with the Arab Iron project is estimated at over $1 bil- AISU, a grouping of 85 companies
and Steel Union (AISU). lion. Other related ventures under from 15 different Arab countries, ac-
development at Sohar include a counts for roughly 90 per cent of to-
A nascent iron and steel industry Steel Melt Shop by Sharq Sohar tal steel production in the Arab re-
has already attracted commitments Steel Rolling Mills, and a Merchant gion. Total output exceeded 19 mil-
of around $5 billion in investments Bar Mill by Al Jazeera Steel Prod- lion tonnes in 2005, which was pro-
in new projects at the industrial Port ucts. jected to reach about 21 million
of Sohar. They include a steel unit tonnes last year. With several new
being developed by Shadeed Iron & Al Khusaibi sees significant payoffs projects in the pipeline, total pro-
Steel LLC at a cost of around $750 to Oman as the host of this week’s duction capacity in the region is set
million. Shadeed’s promoters — the Arab Steel Summit 2007. “Besides to grow significantly over the next
Al Ghaith Group — has also re- highlighting the Sultanate’s appeal two years, according to AISU.
Fairmont joins The Wave

Wa
T he Wave, Muscat, Oman’s lead

ing tourism and beachfront resi-
dential development, has an-
by Greg Norman. The tourism com-
ponent of The Wave will comprise
four hotels, and guests will be able
retail and leisure offerings. Our part-
nership with Fairmont is part of our
strategy to involve the finest com-
nounced the appointment of to enjoy the many recreational and panies in their industries to realise
“Fairmont Hotels & Resorts”, a glo- retail facilities available throughout this vision,” he added.
bal hospitality leader with 50 hotels the community.
across 10 countries, to manage the In his statement, John Johnston, Ex-
golf resort hotel. This was an- Announcing the maiden hotel at ecutive Vice-President of Fairmont,
nounced by officials from The The Wave, Abdullah bin Abbas said: “We are delighted to be part of
Wave, Muscat and Fairmont at a said: “It is a matter of great privilege this premier development project,
press conference. to announce that Fairmont Hotels & which offers unrivalled travel and
Resorts has signed with The Wave, lifestyle opportunities in one of the
The announcement marks Muscat, a project which is the pride most prominent integrated develop-
Fairmont’s foray into Oman. High- of Oman. The management expertise ments in the Middle East. Our first
lights of the resort, scheduled to of a world-renowned hotel brand property in Oman reinforces our ex-
open in 2010, include 300 rooms and such as Fairmont will ensure the pansion strategy in the region and
suites, restaurants, meeting facili- highest levels of service.” “The demonstrates our commitment to
ties, Willow Stream Spa and branded Wave, Muscat epitomises the aspi- working with key partners to de-
residential offerings. The resort will ration and culture of the Sultanate velop world-class properties and
be located adjacent to the 18-hole of Oman and we are committed to build upon our brand’s global
championship links course designed delivering exceptional residential, strength.”
MARKET REPORT 57
Cement, wood prices up
Source: Oman Tribune - 06 March 2007
T he price rise, which has hit con

sumers hard, is no longer lim-
ited to food, but affected house
tim. His two-storey house has been
under construction for about a year.
He says: “I used to buy a cement
water pipes and even electrical
equipment. “The cost of a wooden
door went up to RO800 from
construction as well. bag for RO1.200. Now one bag costs RO400.”
RO1.700.”
Oman Tribune found out that prices Mohammad Al Siabi said: “I was
of iron, cement, wood, electrical Aya Al Hooti said: “When I asked a thinking of building a house, but I
goods and pipes have also in- contractor for an estimate for a was frustrated by the increase in the
creased manifold. As a result, sev- house I intend to build, he told me prices of building material. It com-
eral individuals, who planned to that a square-metre would cost ap- pelled me to change my mind.
build their own houses have either proximately RO120. It used to be The government must intervene to
cancelled or postponed their plans. only RO80 not very long ago.” She check this phenomenon.”
However, those whose houses are has planned to postpone it for the
under construction have been hit time being. A contractor said that the rise in the
hard by the sudden increase in the prices of building materials, such as
prices of these commodities. Fahd Al Amri, whose house is under cement, iron, wood, sand and even
construction, said that the rise in labourers’ wages caused big losses
Abdullah Al Habsi is one such vic- prices of iron and cement had led to to them as well.
an increase in the prices of wood,
Coral Int’l Hotel begins operations in Oman

Source: Times of Oman - 30 January 2007
F aisal Al Humoud Al Malek Al

Sabah, ambassador of the state
of Kuwait, inaugurated the Coral
“Coral International enters Oman on
a strong footing. Having firmly es-
tablished its credentials on the
opment. Apart from the UAE, most
of these projects are located in dif-
ferent parts of the Middle East in-
Hotel belonging to the Coral Inter- home turf (Dubai), the group is ea- cluding Kuwait, Saudi Arabia, Leba-
national Hotels, Resorts & Spas ger to explore international opportu- non, Bahrain, Qatar and Oman.
group in Muscat yesterday. nities,” informed Noblet Soon we have an amazing project
coming up in Seeb in Muscat.”
Keifi Omori, ambassador of Japan “We believe in the leadership and
along with Michel Noblet, group’s vision of His Majesty Sultan The Coral Hotel, Muscat has re-
managing director, Suleiman Qaboos bin Said. Owing to his far- cently undergone an interesting
Mohammed Al Yahyai, owner and sighted policies, the Sultanate has makeover with new facilities, reno-
Bob Khalife, general manager were become an oasis of stability and vated rooms and two new food out-
also present on the occasion. prosperity. Rich in natural assets lets with terraces. However, the
and cultural heritage, it provides an property still retains its signature
“Oman is witnessing a rapid growth attractive and safe destination for features like the beautiful façade
in tourism. According to official esti- tourists,” Noblet added. and the spectacular staircase which
mates, the sector’s contribution to acts as the centrepiece of the lobby.
national GDP will increase to 3 per Driven by ambitious domestic and
cent by 2020 from the current 0.9 per overseas expansion strategy, Coral All rooms are decorated in contem-
cent. This would raise tourism rev- International is in the midst of mas- porary, urban style with delightful
enues to a staggering OR130 million, sive development. Created in 2003, local touches. The suites are sensa-
thus offering the perfect breeding the Dubai-based hotel chain is well tional too and are equipped with
ground for any new hotel ventures. on target of having 25 properties in top-notch amenities including
We are delighted to welcome Coral its first 5 years of operation. plasma/ flat TV screens. Twenty-
International Hotels, Resorts & four hour room service and a warm
Spas to this dynamic scenario,” said Unvieling statistics Noblet said, “So and welcoming staff catering to all
Yahyai addresing a press confer- far we have got nine hotels opera- your needs, thus making your stay
ence after the inauguration. tional and another 20 under devel- truly enjoyable.

The Wave a
Wa wards R
aw O1
RO 00m contracts
100m
T he Wave, Muscat, has awarded

numerous contracts worth more
than RO100 million to construction
dertaken by the company includes
manufacture of quay wall blocks for
the marina and manufacture of core-
and Al Turki is not only a strategic
move but proves that we continue
to adhere to the highest quality
companies, a majority of them loc blocks for the offshore reef. standards in our field. We are confi-
Omani. The committing of the con- dent that at this tempo, the project
tracts indicates that development on Another major local developer, Al will soon join the league of the top
The Wave, Muscat, Oman’s leading Turki Enterprises, will be involved in residential community projects in
tourism and beachfront residential the construction of 303 villas as well the Middle East,” he said.
development, has taken a giant leap as infrastructure work which in-
forward in the New Year. cludes all of the services. Construction contracts have also
been awarded to the joint venture
The Wave signed on with market Speaking about the landmark agree- between local Al Mashrikia-Travo
leaders Carillion Alawi and Al Turki ments, Abdulla bin Abbas bin LLC and Societe Nationale
Enterprises amongst other capable Ahmed, chairman of the board of di- d’Enterprises from Lebanon for off-
contractors, for housing construc- rectors of The Wave, said: “The shore reef construction based on
tion and setting up of requisite in- Wave is the pride of Oman, a dis- their extensive experience in marine
frastructure and related support tinct project, designed to reflect the works. Furthermore, Bauer
structures. Carillion Alawi LLC, an aspiration and culture of the coun- Spezialtiefbau GmbH from Dubai
established Omani company respon- try offering a stylish community have grabbed the piling contract.
sible for the construction of several lifestyle. We are entirely committed
illustrious Omani structures, has to our vision of the project and we Phase 1 of the manufacturing of the
been commissioned by The Wave to assign the finest companies in the quay wall blocks will comprise ap-
build 191 townhouses in the premier field to realise this vision.” proximately 3,900 blocks, ranging
project. from 30 to 80 tonnes and there will
“Commissioning construction works also be 20,000 core lock units manu-
Other infrastructure work to be un- to Omani companies, Carillion Alawi factured.
Sheraton Oman closed ffor

Sheraton or $25m reno
renovvation
T he Sheraton Oman Hotel has

closed its doors as of yesterday
after a 22-year journey.
their trip had been and that they had
enjoyed the true and authentic Arab
hospitality extended to them during
tel, Chandrakant Bilgi, director of fi-
nance, recalls that his 21 years of
service at the Sheraton Oman Hotel
their stay by the people of Oman. have been absolutely wonderful.
The reason for closure is for the Regarding their hotel stay they had Recalling his first day of work at the
property to undergo a $25 million high praises for the team at the Sheraton Oman Hotel he said: “The
renovation programme that will re- Sheraton Oman who had extended level of excitement on day one of
sult in a complete transformation. great service to them during their the opening of the Sheraton Oman
The scheduled date for reopening is stay and they are already looking Hotel was such an occasion that he
in October 2007 in time for the Eid forward to returning to the property is eagerly awaiting the unveiling of
holidays. following the renovation. Other the renovated Sheraton Hotel later
prominent departures included the in the year”.
The Sheraton Oman Hotel cel- crews of Indian Airlines and Biman
ebrated this historic landmark by Bangladesh Airlines. Between them While the Sheraton Ruwi will be
saying good-bye to their last in- they have occupied 250,000 room closing for renovation, the Sheraton
house guests, the Mueller(s) from nights and consumed some 750,000 Qurum Beach resort will remain fully
Germany, who have been visiting meals at the hotel and have been operational, seven days a week,
the Sultanate of Oman over the amongst the strongest supporters through out 2007. The resort has
Christmas and Eid holiday period. of the Sheraton Oman Hotel. seven bedrooms, five with sea
views and balconies; extensive gar-
They both commented how exciting Talking to the associates of the Ho- dens with direct access onto beach.
MARKET REPORT 59
Muscat set for a real estate boom
A real estate boom is set to

emerge in Muscat as the
economy is increasingly considered
contributors to the nation’s con-
struction and economic vitality. “A
boom in Oman’s construction, in
increased to an all-time high during
the last quarter of 2006, which was
reflected in their overall spending.
as an attractive investment destina- one form or the other, is already
tion for regional and foreign inves- there. It is evident from the recent “The year also witnessed a signifi-
tors. upsurge in the number of expatriate cant increase in number of expatriate
workers in the construction sector. bank accounts in Oman, spending
Oman doesn’t support unwarranted for cars and electronic goods, num-
speculation. Nevertheless, real es- The number of expatriates working ber of credit cards and other goods
tate development plans, in the gov- in Oman’s construction sector and services. Those expatriates liv-
ernment and private sectors, accord- climbed 20 per cent to nearly 145,000 ing with their families spend a large
ing to official sources, are being in the first nine months of the cur- portion of their salaries here, fuel-
pursued actively. Citizens from rent year ended September 30, 2006. ling the nation’s economic activity.
neighbouring countries, especially Foreign labour is a vital component Those who live alone spend a lot on
from the UAE, Saudi Arabia, Jordan, of the construction sector. More telephone calls, food, travel and en-
Lebanon, Egypt, Qatar and Kuwait precisely, the construction sector tertainment,” a businessman opined.
are keen to invest in Oman’s real es- created nearly 25,000 fresh jobs for
tate sector. The prices of certain expatriates in nine months since De- The government is already allowing
new properties — completed and cember 2005,” official sources said. foreign nationals to buy properties
under construction — are quoted at Consumer spending has recorded in selected areas. Leading banks are
25-30 per cent premium. its biggest increase in December offering housing loans to both na-
2006 on Christmas, Eid and New tionals and expatriates at attractive
“As long as the authorities ensure a Year holidays. rates. For a foreigner, buying real es-
healthy appreciation of real estate tate in Oman is more or less like an
prices, Oman will remain as an ideal Inflation is on the rise, and the pre- investment in fixed assets, in a calm
real estate investment destination. vailing relatively moderate inflation and emerging world-class Middle
Nevertheless, potential buyers, of more than three per cent sets East city rather than buying prop-
businessmen or salaried-class enough room for further growth in erty in a foreign country. “The Mus-
should not expect real estate prices economic activity. Technically, the cat real estate sector is on the road
to reach an incredulous dimension. total number of Omanis and expatri- to international fame. Indeed,
Undoubtedly, real estate will wit- ates working in the private sector projects such as Blue City and The
ness a reasonable increase in has witnessed almost similar growth Wave will create goodwill for
prices,” a real estate investment in 2006. Oman’s property market. Buyers,
consultant from Dubai told the however, should not expect an un-
Times of Oman. Businessmen from The number of Omanis and expatri- warranted boom in Oman’s real es-
Pakistan and India are also keen to ates working in the private sector tate sector, but of course, a reason-
buy properties in Oman. grew by 12.2 per cent and 13.6 per able boom is in sight,” a consultant
cent, respectively, in the first nine told Times.
The salaried-class, especially the months of 2006 to about 110,600 and
high-income and middle-class 482,700, respectively. A little push by the authorities, ac-
groups prefer buying small and me- cording to industry captains, will
dium-size villas and flats. Buyers, More importantly, Oman’s private create wonders in Oman’s real estate
sources said, prefer investing in sector created nearly 58,000 fresh and tourism sectors. No doubt, con-
properties, preferably in and around jobs for expatriates and more than crete plans to build hotels and cor-
the capital area rather than buying 12,000 jobs for nationals during the porate offices is set to fuel the con-
properties in the interior. first nine months of 2006. struction industry, in terms of activ-
ity, cement production, fuel demand,
They also prefer buying new prop- “The increase in jobs for expatriates employment opportunities, infra-
erties rather than buying 15-20-year- has resulted in an increased real es- structure, international goodwill.
old properties regardless of the lo- tate and economic activity, and in Many international businesses here
cation. the capital area, no flats are avail- are exploring the scope of con-
able. If available or so, landlords are structing own offices, and a few
Most buyers judge that the Muscat demanding unreasonable rates. Ex- have already started constructing
region will remain as one of the key patriate consumer confidence has their own office buildings.

Second phase of The Wave’s sales
Wa
to begin on December 16
16
Source: Times of Oman - 12 December 2006
T he Wave, Muscat, a world-class

beachfront tourism and residen-
tial community, will launch its crucial
first payment of 10 per cent needs to
be completed within a duration of 10
working days, of which the RO3,000
John Langford, VP of sales and mar-
keting said: “In the light of the phe-
nomenal success of the first resi-
second phase of sales on Dec. 16. will count towards. dential release, which was worth in
excess of $100 million, as well as the
On offer is the much-anticipated The Wave is the first project, which tremendous interest we have re-
second collection of homes in the is offering properties on a free-hold ceived since, we expect the next
scheme will be 151 properties villas basis for foreigners. Attractive fi- phase to be very popular.”
and townhouses. nance options are also available
with National Bank of Oman (NBO) “The location, the quality of the de-
There are 90 villas (16 waterfront, and Alliance Housing Bank for buy- sign, the outstanding facilities along
rest are garden front) and 61 boule- ers including expatriates. with freehold ownership for foreign
vard townhouses. nationals, all combine to make a
Prices range between RO115,000 home at The Wave an extremely at-
Announcing this at a press confer- and RO450,000 at an average price tractive prospect,” John said.
ence yesterday, Nick Smith, chief ex- of around RO245,000.
ecutive officer of The Wave, said Upon completion, The Wave will be
that all the properties will be given The launch of the second phase fol- a fully master planned community
on a first come first served basis lows the overwhelming success of occupying a total area of 2,500,000
when the doors of the Sales Centre the first phase homes, which are ex- square metres stretching along 6km
in Seeb open at 9am on December pected to be ready by the first quar- of natural beach and will include a
16. ter of 2008 coinciding with the string of man-made lakes and is-
completion of the golf course. lands.
Keen interest from potential pur-
chasers from India, UK, Nether- Phase two will comprise a wide se- The development will encompass a
lands, etc., prior to this second lection of stylish townhouses, as signature 18 hole green links golf
phase launch indicates that homes well as garden and waterfront villas course designed by renowned
at this premier project will be that have been carefully crafted golfer and designer Greg Norman, a
snapped up fast. Around 60 proper- around extensive landscaping, open 300 berth marina, four luxury hotels,
ties have already been booked un- parks and lakeside recreation areas. retail and restaurant outlets along
der the early reservation scheme. with approximately 4,000 one and
All properties will be finished to the two bedroom apartments, three and
A non-refundable payment of highest standards, boasting stylish four bedroom town houses and gar-
RO3,000 will be required from poten- interiors along with spacious private den, waterfront and beachfront vil-
tial home buyers. Following this, a gardens and off-street parking. las.
Al Madina Real Estate Company

launc hes major ttourism
launches ourism project
project
Source: Times of Oman - 2 December 2006
A l Madina Real Estate Company

(SAOC) has recently launched
Tilal Al Khuwair Tourism Project,
Khamis bin Rashad Al Kiyomi, the
company’s board chairman, gave a
speech in which he said the project
Abdulrahman bin Awadh Barham,
CEO of the company, said the idea
of the project was based on the con-
under the auspices of Dr Rajiha bint reflected the significant role the pri- cept of integrity with the mega tour-
Abdulamir bin Ali, minister of tour- vate sector played in the construc- ism projects in Muscat.
ism, in the presence of a number of tion sector in Muscat and the
officials. Sultanate’s various cities. “The project provides the atmo-
MARKET REPORT 61
sphere of shopping and entertain- the city extension and its distance management of the project, the
ment and the hotel hospitality,” he from the airport and its connection highest occupational criteria were
said noting that the preliminary to the new road networks, which applied, he added. In the project de-
studies had showed the necessity provides smooth traffic to and from sign, the company availed itself of
for family entertainment facilities to the site, observed Al Kiyomi. the expertise of reputed interna-
serve the Gulf tourism. tional companies working in this
A number of technical, economic field. The project includes Muscat
The location of the project was se- and legal studies were conducted in Grand Mall, five-star hotels and resi-
lected after precise studies that took cooperation with international com- dential apartments on an area of
into consideration the direction of panies working in the field. In the 7,7000 sq.m. in Al Khuwair area.
Finance deal signed for major

real estate project in Sohar
Source: Oman Observer - 1 November 2006
M ajan Gulf Properties LLC

(MGP), designers and devel-
opers of the ‘Sohar Residential and
Properties’ finely honed knowledge
of the national and international
markets, coupled with their experi-
cial centre. These projects aim to act
as a spearhead in the overall indus-
trial revolution in the Wilayat of
Commercial Project’, the largest real ence and professionalism will con- Sohar as well as to aid the initiatives
estate venture in the Wilayat of tribute to the success of the luxuri- of the government to increase tour-
Sohar, announced their first project ous Spring Villas Compound. This ism to the Sultanate”, explains
finance milestone to be partnered by will also provide a huge impetus to Marzouqi.
the leading UAE bank, National the overall development of the
Bank of Abu Dhabi (NBAD) at a Sohar Residential and Commercial Set on an area of over 134,000 sq m
project finance signing ceremony Project.” near the Sohar Industrial Estate,
held in Muscat recently. Majan Logistics City will be devel-
Jayant Krishnaswami, Manager, oped to include a high end commer-
Speaking at the signing ceremony, Credit and Marketing, NBAD added, cial and headquarters bay, a com-
Mohammad al Marzouqi, Chief Ex- “The immense economic and social mercial and multifunctional service
ecutive Officer, and co-founder of opportunity present in the develop- bay; a light industry bay for
MGP remarked, “In tandem with the ment of this project is very tangible, specialised assemblies, nutrition/
industrial developments initiated by and will help in bringing to the pharmaceutical storage and han-
the Government of Oman, we aim to Wilayat of Sohar as well as the en- dling, and so on; a bay for clean in-
develop Wilayat Sohar’s residential tire region the prosperity and dustries ranging from light metal
and commercial utilities to cope with growth it seeks to achieve.” The production down to textile, signa-
the influx of new residents and visi- first phase of the Springs Com- ture and reproduction industry; and
tors.” pound construction started on Oc- labour camps and catering facilities.
tober 15 and is slated for completion
The signing of the project financing by the end of 2007. “Efforts are un- A Memorandum of Understanding
is for part of the first component of der way to market the project and to (MoU) on the establishment of the
this project, ‘The Springs Com- sell units in this first phase, with complex is under negotiation with
pound’ which is spread over a total bookings opened by end of Q1 investors from Saudi Arabia. The
area of 60,000 m2 comprising 106 2007”, added Marzouqi. Pearl resort is envisaged as an up-
luxury villas. The complete project scale commercial and residential
includes the ‘Residential Villa Com- MGP has on the anvil a number of complex set on a 10,000 sq m plot. It
pounds’ which will encompass 570 other landmark projects including Al will feature meeting halls, high-end
villas. Bustan deluxe furnished apart- boutiques and shops, while the up-
ments; ‘The Pearl’, an inspiring sea per levels will house luxurious apart-
Commenting on the occasion, resort located in Mejis, Sohar; the ments. Also envisioned are a marina,
Ahmed al Musalmi, Head of Opera- Majan Logistics City; and the sea walkways and other amenities.
tions and Business Development, Khasab Family Resort in Detailed designs are due to be com-
NBAD, said, “We are extremely ex- Musandam. “The Wilayat of Sohar pleted by January, while the promot-
cited about our new partnership, is distinguished by its huge poten- ers finalise an MoU with an anchor
and are confident that Majan Gulf tial as a highly promising commer- investor from the GCC.

Oman: one brick at a time
W hatever temporary shortages

there may be in Oman, suc-
cess doesn’t appear to be among
tourism development 7 km north of
Muscat, began selling to foreigners
in January. Wael al Lawati, Deputy
employer of expatriates in the pri-
vate sector. At the end of June this
year, the total amounted to some
them. Near 100 per cent occupancy CEO of The Wave, said the Ministry 132,000, almost 30 per cent of total
in local hotels has prompted a fore- of National Economy had given ap- expatriates in the private sector.
cast that the market will need 1,000 proval to sell residential units to for-
more rooms within the next three eigners while the new law was being Local population growth — 2.2 per
years. And real estate projects, es- finalised. The first batch on sale was cent in 2005 — is also having a
pecially those directed at tourists vastly oversubscribed, with 221 strong impact on demand. It is esti-
and foreigners, are reporting high properties being acquired by inves- mated that just under a third of
sales before the contractors even tors of 20 different nationalities. The Omanis are aged between 15 and 29,
move out. next release of property is due in most of whom will be seeking
November. houses or apartments in the next de-
Although a rising and increasingly cade or so.
young population provides the ba- Other projects catering to foreign
sis for sustained, long-term real es- demand include the Muscat Golf The concerted effort to attract tour-
tate growth, the impetus this year and Country Club, said to have sold ists, alongside the growing popula-
almost all stems from the decision in 85 per cent of properties already, as tion, has prompted serious in-
the spring to allow non-GCC nation- well as the Yiti Project, the Blue City creases in both sales and rental
als to own property in designated and residences in Bar al Jissah. The prices in the residential sector. Land
areas. In this move, the Sultanate is Sultanate is meanwhile trying to prices can reach as high as RO 500
falling in with the trend in other Gulf keep apace with growing demand in ($1,300) per sq metre in the Azaiba
countries. infrastructural development, imple- area, on the outskirts of Muscat,
menting widespread electrification while average rental prices were es-
The Royal Decree (12/2006) allowing as well as an extensive road-build- timated to have increased by 25 per
non-GCC nationals to own property ing scheme. Tourism is an integral cent last year.
in integrated tourist complexes was part of His Majesty the Sultan’s
a landmark move. It came just two economic diversification strategy, Sustainability of the pricing trend
years after restrictions on GCC own- with the creation of the Ministry of depends on several factors. While
ership to three plots of land of re- Tourism just three years ago. an excess of demand over supply
stricted size, in place since 2000, will ensure a queue of buyers for a
were relaxed. These moves drew One side effect of the booming de- while, it cannot be a permanent fea-
GCC investors such as Al Argan In- mand from the rapidly rising popula- ture of the market. At one point, the
ternational Real Estate from Kuwait, tion, both local and expatriate, has frustration of unmet demand linked
which partnered with the Omani been to push prices up. Figures with prices similar to those in more
Towell group. Although the decree from the Ministry of National developed parts of the region could
for non-GCC ownership has yet to Economy show that expatriates now rebound. For this reason alone —
be translated into law, local real es- represent 24 per cent of Oman’s quite apart from any other consider-
tate projects have already started population. To date this year the ation — the government’s measured
catering to the demand. number of expatriate workers has approach to expanding tourism and
risen by 8.9 per cent. The construc- Oman as a haven for holiday homes
The Wave, an integrated real estate tion sector is also by far the largest is clearly the way ahead.
Safeer Gr
Safeer oup tto
Group o se
sett up mega mall in Sohar
S afeer Group is building one of

the biggest malls in the Sultan-
ate in Sohar to cater to the increas-
Creating a world of its own in a
built-up area of 36,000 square
metres, the mall will house a major
amusement area of about 2,500 sq
metres and 67 outlets dealing in
popular brands, Ajith Kumar, Leas-
ing shopping needs of residents in hypermarket spread in an area of ing Manager of Safeer Group in
the area. 10,000 sq metres, an exclusive Oman told the Observer.
MARKET REPORT 63
He said the mall would cater to the area of 200 kilometres. nese speciality restaurant). Safeer
shopping requirements of different mall will also be home to several
segments — Omani nationals and Now, people in Sohar go to far off other tenant outlets like Damas,
expatriates from Europe and Indian places like Muscat or Dubai for their Mikaji & Niyomi, Rasasi, Ajmal, Gulf
sub-continent. “We are bringing the major shopping. Besides the major Oasis, Jovial Watches, Muscat
best brands in the world,” he noted. hypermarket, Safeer mall spread on a Pharmacy, Lakoos and Cell Com.
As several large industrial projects land area of 40,000 square metres Bahrain-based Jawad group is
are being built in Sohar simulta- will house a wide range of tenant bringing Costa Coffee, Pumpkin
neously, there has been a phenom- outlets like fast food joints in an ex- Patch, Hush Puppies and
enal growth in people taking up em- clusive food court, ready-made gar- Accessorizes.
ployment there. ment shops selling premium brands,
footwear, furniture, perfumes and On the present status of the mall, he
“We expect a growth in European jewelleries. said the structure has already come
expatriate population in Sohar,” he up and flooring and interior works
said, adding: “They prefer to use The ground floor will have the are to be done. Safeer Group has six
the brands they were using in their hypermarket and amusement area, outlets in the Sultanate, which in-
homeland. The mall is slated to open while the first floor will house a food clude a hypermarket at Azaiba. The
by the first quarter of 2007,” he court and tenant outlets for a wide premier retail chain, which is owned
noted. variety of renowned brands. The by a UAE-based business house,
food court will have eight outlets, has around 50 to 60 outlets in the
Located close to the highway be- which include MacDonald, Pizza Gulf region. The company’s opera-
tween Globe Roundabout and Salam Hut, Shemiana (an Indian speciality tions in Oman are headed by an ex-
Roundabout, it is the only mall in an restaurant) and Majic Wok (a Chi- ecutive director — Mohan Sippy.
Carrier launches super quiet air-conditioner

Source: Times of Oman - 03 October 2006
C arrier Middle East Limited, a

wholly owned subsidiary of
Carrier Corp., a unit of United Tech-
filter technology defuses negative
ions, which magnetically attracts
pollutants such as dust, smog, hu-
and mounting for the rotating com-
ponents delivers a super quiet op-
eration. “The low noise air flow sys-
nologies Corp, has launched G3, the man and animal dander, smoke and tem, which consists of a large diam-
third generation series of window air allergens. The newly formed par- eter cross flow fan, can greatly re-
conditioners in Oman. ticles become too heavy to remain in duce the indoor unit’s noise level by
the air and the advanced air-cleans- lowering the fan speed. Previously
The G3 air-conditioners are ing system filters them with remark- Carrier WRAC’s have earned their
equipped with a high Energy Effi- able ease. reputation based on superior cool-
ciency Ratio (EER) of 8.2, which will ing power. But with the new features
result in a 10 per cent savings in en- “The filter system eliminates bacte- of low noise airflow and air filtration
ergy when compared with other air ria, dust mites, and potentially harm- systems Carrier is now offering the
conditioners in the market. ful pollutants and chemicals. It re- best value among all window air-
moves bad odours, smoke and do- conditioners in the market, ” added
The new air-conditioner comes with mestic smells”, said Bassam Al Al Awar.
low noise, four-in-one-filter technol- Awar, general manager, Carrier
ogy, four-way air distribution and Middle East Limited. The new G3 systems are easy to
water drip-free system. Powered by maintain with the slide-out chassis
the high ambient rotary compressor, One of the salient features of the G3 and the easy access filter. The front
the air conditioner is capable of de- is its water drip-free system that panel is effortlessly removable for
livering comfortable cooling even sprays the condensate water on to periodic cleaning. It com three mod-
when outside temperatures soar to the condenser coil, improving the els and is available in 1.0 tonne, 1.5
55 degrees Celsius. performance of the unit. This sys- tonne and 2.0 tonne capacities to
tem can prevent water from dripping suit individual needs at very com-
The four-in-one-filter technology is in ambient conditions of up to 70 petitive prices. Carrier air-condition-
a powerful anti-pollutant that en- per cent relative humidity. ers are available at Bahwan Trading
sures high indoor air quality (IAQ). Company outlets and with air condi-
According to research in Japan, the The air conditioner’s special design tioning retailers in Oman.

De
Devvelopment of Duqm P or
ortt
Por
and dr ydoc
drydock se
ydock sett tto
o kick of
kick offf
T he construction of a major port

and dry dock complex at Duqm
on the Wusta coast is set to get un-
dustrial and commercial hub envi-
sioned in the Duqm area and its hin-
terland. When completed, the facil-
kilometres. A pair of quays will also
be constructed — a 700-metre-long
quay for container, general cargo
der way in earnest, with the govern- ity will stimulate development in this and dry bulk vessels, and a 330-
ment launching the competitive bid- remote part of the Sultanate, as well metre quay for government vessels.
ding process for a contract covering as bring employment opportunities Berths for tug and pilot boats and
the first phase development of the to this area. Eleven firms and their other craft will be built as well. In
ambitious project. joint venture partners have so far addition, dredging will be carried
collected tender documents for the out to provide for the entrance
In the first phase, a contractor will first phase maritime works contract. channel, harbour basin, construc-
be appointed to undertake the mari- tion pockets and turning circle, with
time works package entailing the Royal Haskoning, in association deeper dredged pockets created at
construction of breakwaters and with Khatib and Alawi, are consult- the berths and floating docks.
quay walls, as well carrying out ants for the project, which is being
dredging and reclamation works. overseen by the Ministry of Trans- Also as part of the maritime works
Landside and infrastructure facilities port and Communications. In the package, reclamation will be under-
will be established under a separate fray are well-known contracting taken behind the breakwaters, quay
contract to be awarded in the sec- firms such as Larsen & Toubro walls and inshore areas. Allowance
ond phase, while a ship repair facil- (Oman) with Dredging International; must also be made within the com-
ity — the centrepiece of the Duqm Hani Archirodon; Galfar Engineering mercial quay for the potential future
Port complex — will be constructed and Contracting; Hyundai; Van installation of electrically operated
in the third phase. Oord; Consolidated Contracting Co rail-mounted quayside cranes. At
and Sezai Turkes — Feyzi Akkaya the heart of the port complex is a
Duqm Port will be established at Ras (STFA); Boskalis Westminster plan for a ship repair facility which
Duqm, some 7km from Duqm town. Middle East; Great Lakes Dredge will rank among the biggest in the
The site includes the imposing and Dock Company with Carillion Gulf region. In June last year, the
headland of Ras Duqm, a smaller Alawi; and Six Construct Company government signed an agreement
headland some 2km northwest of with Hindustan Construction. with South Korea’s Daewoo Ship-
Ras Duqm and the seabed within building and Marine Engineering
the bay in between. Duqm is being The selected contractor will be re- Company, which is the second larg-
conceived as a main maritime gate- quired to construct two breakwaters est shipbuilder in the world, for the
way that will serve an ambitious in- of a total length of around 5 design of the shipyard.
Oasis Living Gr oup tto

Group o cash in
on home decor
decor,, furniture mar
markket
Source: Times of Oman - 13 September 2006
T he Oasis Living group, the

home décor solution provider in
Oman, hopes to cash in on the rap-
Kim Jepsen, general manager of Oa-
sis Lifestyle, dwelling on the
group’s future plans, its effects on
from our point of view, we hope to
gain as much as 15 per cent of our
turnover from such projects,” says
idly growing home décor and furni- the industry and lifestyle, said that Kim.
ture market in Oman. Oasis has planned to not only glean
the retail market but is also looking “As Oman’s leading furniture store,
The home decorations and furniture to tap the institutional segment. Oasis Lifestyle persists as the
segment is an important ancillary to country’s principal ‘trend centre’,
the real estate sector which has “From the amount of interest we reflecting modern-day tendencies
picked up pace in line with the eco- see, there seems to be a lot of which come to life in a number of
nomic growth witnessed by the Sul- projects coming up like The Wave fashionable brands including Zone,
tanate. and Blue City. I have to say that IDdesign, and Bodum,” Kim said.
MARKET REPORT 65
“Oasis is all about creating experi- colorful inspiration at affordable universe in Oman.
ences. They come here to experi- prices.
ence the quality, the service and the The result is the new store, ‘Oasis
product that they find. We want The Oasis store located in Markaz Living’, which presents an innova-
people to be inspired and go out of Al Bahja has a product range which tive combination of trendy furniture
the door with hopefully something includes everything from furniture design and electronics, creating a
that they can use in their home,” and carpets to lighting and accesso- new venue for stylish furnishing so-
Kim said. ries with the primary focus on living, lutions. Another exciting feature at
dining, sleeping, outdoor, home, of- Oasis is a design studio known as
According to Kim, Oasis accommo- fice, accessories, carpets, gallery, Flexar, where you can design your
dates aesthetic solutions, making kitchen and lighting. As part of its home decor and the furniture that
room for individual choice of design expansion initiatives, Oasis teamed you want fitted in. You can order
and design with the basic philoso- up with LG Electronics, global leader different parts and have them as-
phy of giving the customer an excit- in consumer electronics, in creating sembled to suit your needs and
ing shopping experience filled with a first-of-its-kind home solutions tastes.
Oman fastest growing market

for Daikin airconditioner
airconditioner s: Sat
conditioners: o
Sato
O man has received singular

praise from a top Japanese
business head for hosting a condu-
performance of sales of the VRV
systems in the Middle East during
the fiscal year 2005 to 2006.
frigerant chemicals and manufactur-
ers of all types of AC and compres-
sor factories spread all over the
cive climate for businesses to thrive globe maintaining highest standards
in. Sato noted that he was particularly of quality and reliability. “We have
happy about Muscat Electronics’ opened a new Daikin representative
Stressing that Oman in general of- performance in this regard and office in Dubai to give strong sup-
fered a fantastic climate for a prod- openly commended them for their port for the Middle East countries,”
uct boom, Junichi Sato, managing “exceptionally good customer care”. Tsubouchi noted. Saidja Geirnaert
director of Daikin Industries Ltd, Ja- He noted that they were proud of and Akihiro Okumura, have been ap-
pan Global Operations’ division, their design, execution and service, pointed as the general manager and
also revealed that Oman was a fast which “enabled them to excel in sales manager, respectively, at the
growing market for Daikin their sales performances”. Dubai Daikin office.
airconditioners in a brief meeting
with the press yesterday. Daikin Industries Ltd., which has “We are extremely proud to be asso-
been established in Japan, more ciated with Daikin, the world leaders
The reason was the thriving busi- than 80 years ago, are the pioneers in air conditioning. We have com-
ness climate in Oman and the ex- in the AC industry. pleted 19 prestigious VRV projects
traordinary growth the country has amounting to approximately 4000
made over the years, he noted. Daikin is not only numero uno in the tonnes during the last four years,”
AC industry in Japan but also sec- noted Varghese Samuel. He
Muscat Electronics LLC., its dis- ond overall in the world, Sato noted. emphasised that all Daikin VRV sys-
tributor in Oman, has commissioned “Daikin is the inventor of the VRV tems, commissioned by Muscat
the largest number of Daikin’s pres- systems, which is the most energy- Electronics, crossed several sum-
tigious VRV A/C system (variable efficient AC system for the middle to mers without any problems.
refrigerant volume) in the Middle large scale buildings and houses.”
East. Sato, was accompanied by “Efficient customer care (ECC),
Toshitaka Tsubouchi, general man- Sato noted that with the acquisition voice of customers (VOC) and zero
ager, Daikin Europe NV and three of the OYL/Maquay, Daikin is part waiting ration (PWR) is our
senior managers from Daikin. slowly emerging as the top global strength. We are at the customer’s
AC manufacturer in both name and premises within 24 hours of a call.
Varghese Samuel, deputy general reality. We also provide 24 hours’ service to
manager, AC division, Muscat Elec- all customers on demand,” Samuel
tronics, received an award for high Daikin is mainly into the AC and re- said.

Physical activity of Blue City project
to begin in No
Novvember
P hysical activity on the Blue City

(Al Madina Al Zarqa) mega
mixed-use urban project will begin in
ment project of a very large scale.
It has the potential of growing to

become a hub of services which in-
cludes education, entertainment,
tourism, sports, technology and
November this year. become one of the largest economic other economic activities generating
and real estate development thousands of employment opportu-
This was disclosed by Ahmed projects of the whole Arabian Gulf nities both direct and indirect.
Abubaker Janahi, chairman and region.
chief executive officer of AAJ Hold- The Blue City project is a visionary,
ings, yesterday on the sidelines of Upon completion, Blue City is ex- ambitious joint effort of local, re-
the first Business Roundtable with pected to be home to more than gional and international private sec-
government of Oman, organised by 200,000 permanent residents and be- tor investors and developers and
Economist Conferences. come a tourism and business desti- the government of the Sultanate of
nation of national, regional and in- Oman. In a balanced win-win part-
The $20 billion Blue City project, ternational relevance. nership it is intended to maximise
which hopes to complement Muscat and align sustained returns on in-
city, in many respects, is a master- Ahmed Abubaker Janahi told the vestments with the economic and
planned, mixed-use urban develop- Times of Oman that Blue City would social benefits for the country.
MCC tto
o build ffir
ir st-e
st-evver multi-st
irst-e oried car par
multi-storied k
park
M uscat City Centre’s (MCC)

grand, RO23 million, expan-
sion plan will include Oman’s first-
act double, but most definitely a
huge leap, Wayne Scherger, asset
manager, MAF Shopping Malls,
directed to available parking spaces
on the first, second and ground
floors.
ever multistoried car park. Oman, said, in recent comments.
“In addition to that, there are 10 in-
The three-tier, state-of-the-art park- According to him, the mall will be ternal ramps, which will give cus-
ing structure, set to accommodate extended out into the parking area tomers convenient access to each
anywhere between 2,100 to 2,250 with double-storey East and West car park level,” Scherger said.
parking stalls in a span of 87,000 wings. The flyover from the Sultan
square metres (on three levels), will Qaboos Highway will give custom- Also, access to all levels of parking
be one of the main highlights of the ers direct access to the car park. is gained by travolators, escalators
expansion for this shopping centre, and elevators located in the ex-
which also offers Oman’s largest Shaded parking area, more space for panded mall and car park, he said.
range of fashion and lifestyle retail. customers, designs of international
Work is currently being done on standard, will all serve in making it He was of the opinion that this
this multi-level parking deck, and an exciting parking structure, three-tier car park would bring down
the first stage (it will be done in two Scherger enthused. usual customer complaints against
stages) is expected to be completed parking. “Most of the times, the big-
by the end of this year, top MCC of- “I mean, it will not be another con- gest complaints from customers,
ficials said. crete structure, but a well planned, with regards to parking, is on get-
spacious and well lit architecture. It ting out of the parking lot. But, here,
The MCC, a part of the Majid Al will not offer the usual dungeon-like the car park is designed in such a
Futtaim (MAF) Group, already of- area, but more of a high-tech struc- manner, it will be quite easier for the
fers one of the biggest parking ture.” customer to leave the parking area,”
spaces in the mall scene here, and he explained, adding that proper
from the current 1,250 parking Thanks to an electronic traffic-man- care has been taken to ensure easy
spaces to 2,250, it may not be an ex- agement system, customers will be flow for customers from the parking
MARKET REPORT 67
lot to the shopping centre. There would easily separate customers new stores will be regional and in-
will direct access to the new mall from vehicle traffic. ternational brands, not presently
ground floor and first floor. represented in Oman.
The total expansion will see the
“It will be very easy for the custom- MCC, which will turn five this Octo- Earlier reports noted that the main
ers to go from the first to other lev- ber, extending the current centre by contractor of the development,
els, with their shopping trolleys, over 31,000 square metres, which Carillion Alawi, is committed to de-
baby trams etc.,” Scherger noted. will not only double its current size liver the project in two phases, and
and add over 60 new outlets to the is on target to be fully completed by
Designated pedestrian walkways malls existing 80 shops. Most of the mid-2007
Oasis Lifestyle opens new shop

O asis Lifestyle LLC, a leading

furniture store in Oman, teams
up with LG Electronics, in creating
According to Kim Jepsen, General
Manager at Oasis Lifestyle, the
thought behind the furniture-front
of our business.
It’s a new way for us to meet our

home solutions in Oman. The new row entertainment fusion is to allow customers’ desire for great design
store, Oasis Living, was opened on customers to create their own com- and innovation. With the combina-
August 3, in the presence of guests plete home solutions, with a tion of furniture and electronics,
and local media representatives at personalised look, feel and function- they can create their own complete
Markaz Al Bahja. The international ality. “Our products are carefully se- home universe, just the way they
furniture store, known for its lected with functionality and flexibil- want it,” he added. According to
minimalist, Scandinavian style, has ity in mind, Jepsen explains. “They Jepsen, the opening marks a new
joined forces with LG Electronics to accommodate aesthetic solutions, path for Oasis Lifestyle, yet it is still
present an innovative combination making room for individual choice of an opportunity for the store to live
of trendy furniture design and elec- design and style. With the addition up to the company aim of providing
tronics, creating a new venue for ex- of the LG product range, we have exciting shopping experiences filled
citing shopping experiences and found an exciting approach to pro- with colourful inspiration at afford-
stylish furnishing solutions. viding exactly those core elements able prices.
Development in overdrive
P lans are afoot to expand the

country’s two main airports —
Seeb International Airport and
growing tourism activities in the re-
gion, the minister stressed. By the
end of December 2005, the Sixth
and Ras Al Hadd.
Duqum airport is part of a larger de-

Salalah — as modern airports in the Five-Year Plan had been fully imple- velopment plan to establish a mod-
region, Ahmed bin Abdulnabi mented, and from the beginning of ern port and other facilities, while an
Macki, minister of national economy this year, the Seventh Five-Year De- airport in Ras Al Hadd will help tour-
and deputy chairman of the Finan- velopment Plan (2006-2010) has ists. Sohar airport will help Sohar,
cial Affairs and Energy Resources been approved and implemented. As which is the Gulf’s fastest develop-
Council has told the Times of Oman. a continuation to the various diver- ing industrial zone.
sification programmes, new projects
This is part of the government’s on- came into being, whether on gas- Other mega industries in Sohar in-
going seventh five-year plan, he based industries, tourism or other clude: aluminium, power, refinery,
added. production and services sectors. Oman Formaldehyde Chemicals,
Oman Petrochemical Industries,
Developing Salalah airport and the The government announced early Oman Polypropylene, Shadeed Iron
government’s plan to develop a free this year that it will have three new and Steal, International Urea and
trade zone in Salalah will serve the airports, one each at Sohar, Duqum Chemical Industry. Some of these

projects are at an advanced stage of fleet of Oman Shipping Company cies,” the minister revealed.
commissioning, while others are in (OSC) soon.
different stages of implementation, Macki said that the construction of
the minister said. Oman has also signed an agreement Sohar Refinery was in its final stage.
with Mitsui OSK Lines to purchase “It is worth mentioning that the
Macki noted that the government a crude oil carrier, a liquefied petro- Sohar Refinery will produce propy-
had signed an agreement to pur- leum gas carrier and two product lene which will be a major input to
chase five ferry boats for coastal tankers, which is in line with Oman’s be used by the Oman Polypropylene
transport so as to serve the popula- efforts to give new impetus to the Company, as well as other petro-
tion of the remote coastal regions in government’s economic diversifica- chemicals and aromatics companies.
northern Oman, and supply them tion drive and to add value to the oil “Also, the third train project of liq-
with services and activating local and gas sector. uefied natural gas has already been
trade, tourism and strengthening so- opened in Qalhat, with a production
cial relations. “By 2009 the OSC fleet will have capacity reaching 3.3 million tonnes
grown to 12 vessels, hence develop- per year. Its construction had taken
He also noted that the 5” and 6” ing oil, gas and marine transport 30 months only, and the first ship-
LNG vessels (Ibri and Ibra) had projects, which will reflect the ment had already been exported last
been launched and would join the Oman’s successful investment poli- December.”
Galfar bags two major contracts from PDO

P etroleum Development Oman

(PDO) has awarded two major
contracts worth $70 million to Galfar
metres of paved runway — enough
for the take-off and landing of jet
aircraft such as the Boeing 737.
air-transport services with a view to
making commuting a comfortable ex-
perience for our staff and contractor
Engineering and Contracting for ma- Each of the upgraded airports will personnel. The new airports will be
jor construction projects that will also have a taxiway and apron served by jet aircraft with a capacity
help greatly enhance transportation asphalted to the standards set out of a hundred or so passengers,
links between key interior locations. by the International Civil Aviation which is far greater than the capaci-
Organisation. ties now available. There are clear
“The first contract involves building efficiencies and economies of scale
of airports with paved runways at Furthermore, small terminal build- to be gained if we rely on popular
Fahud, Qarn Alam and Marmul, and ings will be constructed with facili- commercial jet aircraft and fewer but
the other involves the laying of a ties for check-in, baggage handling, bigger airports for our air-transport
new blacktop road linking Fahud and control-room operations; sepa- needs.”
with Lekhwair,” PDO said here yes- rate buildings will additionally
terday. house the fire and rescue unit as The road-building contract, valued
well as rest areas for aircrews. All at around $50 million, calls for a new
The airport contract, valued at three upgraded airports will be op- 125-kilometre-long blacktop to be
nearly $20 million, calls for a major erational by the end of 2007. “This laid from Fahud to Lekhwair.
upgrade to PDO’s existing unpaved contract will create a network of Lekhwair is presently served by a
airstrips at Qarn Alam and Marmul. modern paved airports within PDO’s graded road that can no longer be
In the case of Fahud, the contracted concession area, thus greatly facili- suitably maintained.
work involves the upgrading of the tating the safe, convenient and
existing paved runway there. speedy movement of company per- The deteriorating road condition,
sonnel between Muscat and our in- compounded by an increase in
The plan is to develop these sites terior sites,” commented Dr Abdulla third-party traffic, has necessitated
into hard-topped airports that are Al Lamki, deputy managing director a major overhaul of this road. The
capable of handling aircraft larger of PDO. road project is due for completion
than the turbo-prop aeroplanes that by 2008.
they are currently handling. Each “With the growth of our operations,
upgraded airport will feature 2,440 we have been reviewing our internal “With this investment, Lekhwair will
MARKET REPORT 69
finally be linked to PDO’s paved- PDO is keen to maintain uninter- ments in our long association with
road network. This project stems rupted access to Lekhwair, where a PDO in building the nation’s infra-
primarily from PDO’s desire to en- major increase in activities is envis- structure.
sure safe motoring conditions for all aged over the coming years.”
people driving to Lekhwair — not “We look forward to delivering the
only PDO staff and contractors but Salim Hamed Al Fannah Al Araimi, new airports and asphalted road
also local residents and third-party chairman of Galfar, said: “These from which PDO — and Oman in
users. contracts are just the latest develop- general — will benefit.”
IECC well-positioned tto

well-positioned o tap construction boom
in Oman and Gulf region
A key player with dominant mar

ket presence spanning over 20
years in the Sultanate says the con-
equipment (pallet trolleys, stackers,
reach trucks, VNA), side loaders,
mobile cranes and storage systems.
new players as the volume is very
large. We are in a position to pro-
vide the entire range of medium con-
struction boom in Oman, the region struction equipment and have been
and beyond offers excellent oppor- “The construction sector is experi- in some way or the other linked to
tunities for companies of repute. encing a major boom in the Sultan- all major infrastructure projects in
ate as new mega industries and Oman,” Rao noted. IECC’s primary
“The construction sector, spurred manufacturing companies are pro- strength lies in representing leading
by new infrastructure projects, is gressing in different parts of brands, offering quality service and
gaining further momentum in Oman Oman.The infrastructure develop- reliable parts back-up. The company
and the wider Gulf region. Against ment is a very good and positive has a 250-strong workforce led by
this backdrop, International Equip- sign for the construction sector in professionals with multi-skills. IECC
ment and Contracting Company Oman. Investment, both foreign and has a wide reach in Oman with eight
(IECC), a division of Bahwan Build- domestic, is flowing into infrastruc- branches in Muscat, Seeb, Ibra,
ing Materials, is not only looking for ture development in Oman, espe- Buraimi, Sohar, Barka, Nizwa, Salalah
strong business opportunities in cially in Sohar and Salalah. This is and Sur.
Oman, but also the GCC region and well reflected in a lot of queries we
beyond in India and African coun- receive from major companies for a The company also has strong busi-
tries,” G V Rao, General Manager of wide range of construction equip- ness in Syria, Yemen, the UAE,
Bahwan Building Materials, said. ment. We definitely perceive a huge Saudi Arabia and Qatar. Summing up
scope for the construction industry IECC’s future growth vision, Rao
IECC meets the varied hi-tech equip- in the next 10 years,” Rao said. said “the whole world is yours and
ment requirements of the construc- sky is the limit. We are aiming for
tion industry, representing a number IECC’s growth in 2005 was well consolidation in Oman and looking
of leading brands that have a strong above 30 per cent. “Definitely, this beyond for establishing ourselves
presence among medium and light will begin to taper in the coming as a leading company in the region
construction equipment in Oman. years, but we hope to maintain and beyond.” IECC represents
The extensive product range in- strong growth figures in the coming Simpedil brand from Italy, which is a
cludes steel rebar machines, con- years. Year-on-year growth projec- market leader in steel bar bending
crete mixers and dumpers, rock tion for IECC will be in the region of and cutting equipment. Wacker from
breakers, plate and roller compac- 10 to 15 per cent in the coming Germany is another market leader in
tors, vibrators, light towers, years. We are looking beyond Oman vibration and compaction equip-
gensets, trowels, screeds, survey to expand our horizon of activities, ment segment. Wacker is also a
equipment (auto levels, theodolites, especially focusing on opportuni- leading player in light towers,
total solutions and GPS), laboratory ties available in the GCC region. The gensets, trowels and screeds.
test equipment, power tools, wood Indian market is also promising as it
working machinery, industrial equip- is a huge market offering adequate Silla concrete mixers and dumpers
ment, forklift trucks, personnel lifts, room for several players. from Italy have a strong presence in
scaffolding, chain pulley block Oman. Topcon from Japan belong-
hoists, EOT cranes, warehouse The Indian market can easily absorb ing to Toshiba and Trimble from

Sweden are also market leaders in ers from France belonging to for this equipment is much higher
survey equipment, including digital Ingersoll Rand in the US features a than its competitors. BT warehouse
and auto level theodolites and total patented design for automatic blow equipment from Sweden is another
solutions. IR-Montabert rock break- control technology. The life cycle leading brand represented by IECC.
Mirbat ttourism
ourism resor
resortt tto
o open in early 2007
2007
A new deluxe resort is scheduled

to open early next year at
Mirbat on Dhofar’s southeastern
with certain people about the pros-
pect of setting up Golden Tulip
properties within these projects,” he
to forge a strong partnership with
the Ministry of Tourism by offering
its expertise in operating coffee
coast under the auspices of the stated. A new addition to its portfo- shops established by the Ministry
well-known Golden Tulip brand. The lio is the Golden Tulip Resort Diba in key tourist areas. Recently, the
Golden Tulip Resort and Spa — in Musandam Governorate, which is company signed a deal with the
Mirbat will boast around 170 rooms, due to open in October. Built by the Ministry to operate eateries at
70 chalets, a spa, banquet rooms Ministry of Tourism, the new hotel Nizwa Fort and Jabrin Castle.
and meeting halls, and offer a wide boasts around 54 rooms and all the
spread of water-based leisure and amenities of a beachfront resort. It is Envisaged at Nizwa Fort is an up-
recreation activities. The waterfront currently the only deluxe hotel in scale cafeteria serving snacks, and
resort is set on a picturesque stretch Diba wilayat, and will complement hot and cold beverages. The facility,
at Hino village, overlooking properties in Khasab in the north of which can seat up to 80 guests, will
Mirbat’s splendid bay. The planned the Governorate. open by the end of this month.
launch of the property under the Slated for launch shortly thereafter
Golden Tulip label underscores a The Golden Tulip Resort Khasab is is a full service restaurant planned
phase of rapid growth for the Eu- already a major draw with domestic at Jabrin Castle. “We are happy to
rope-based hotel management and UAE based tourists, says Diab. support the Ministry in operating
group in the Sultanate. Under a con- “Khasab is an attractive getaway for these facilities, which are designed
tract signed with Dhofar Tourism travellers from around Oman and to enhance the appeal of historical
Company, which owns the multi-mil- from the UAE, which is just a short landmarks to tourists. These coffee
lion riyal resort at Mirbat, Golden drive away. People come here for the shops are part of the Ministry’s ef-
Tulip will operate the property. beaches, boat cruises, sight-seeing, forts to provide a range of amenities
diving, snorkeling and other pur- at key attractions for the conve-
Speaking to the Observer, Golden suits. Dolphin watching is a popular nience of tourists,” Diab com-
Tulip’s General Manager and Direc- pastime as well. In fact, many commented.
tor of Operations, Paul Z Diab, said panies make use of the Khasab re-
the company has made significant sort to conduct their annual meet- Significantly, Golden Tulip’s re-
inroads into the Omani hospitality ings for their executives, while tak- gional arm Flamingo Hotel Manage-
sector. Golden Tulip is also looking ing the opportunity to give staff and ment will also assume operation of
to grow the portfolio of properties their families the chance of a relax- two other government-owned prop-
under its management, he added. ing holiday in Khasab.” erties — the Youth Hostels at Al
“As an operating company, we are Ashkarah in the wilayat of Jaalan
looking at a number of possible lo- With the scheduled opening of the Bani Bu Ali, and at Sahanout in the
cations around Oman to establish a Diba resort later this year, both ex- wilayat of Salalah. Both properties
Golden Tulip property. One area we tremes of the Musandam peninsula were launched in 2004 as part of an
are seriously looking at is Sohar, will now have fine hotels, says Diab. effort to provide youngsters and
which urgently needs new hotels “The Khasab and Diba resorts will families with accommodation at rea-
and facilities to match developments cover all of the Governorate in terms sonable prices in a drive to encour-
on the industrial and economic of catering to tourists and travellers. age domestic tourism. While the
fronts,” Diab said. A blacktop links Khasab with Diba, Salalah facility was reopened at the
allowing tourists to drive south to start of the khareef festival after an
“We are also talking to investors in explore some nice beaches or try overhaul, the Al Ashkarah property
The Blue City and The Wave Mus- hiking, off-road driving, paragliding will be relaunched within a fortnight,
cat projects. We are in negotiation or other adventures of this sort.” Of said Diab.
late, Golden Tulip has been looking
MARKET REPORT 71
Six Omani firms vie for
Seeb fish harbour contract
S ix Omani construction firms are

competing for a contract to
build a major fishing harbour in
cials, the Seeb harbour will be
equipped to provide safe berthing
and mooring facilities for around 200
first phase, and a fixed berth for the
Youth Vessels in the second phase.
Seeb wilayat in Muscat Governor- small boats (skiffs) and 10 multi-pur- In addition a land area of eight hect-
ate. In the race for the multi-million- pose vessels. Envisioned in the sec- ares will be reclaimed to provide
riyal contract are Oman Shapoorji ond phase is an expansion of the space for the construction of
Construction Co, Al Adrak Trading harbour capacity to cater to an addi- harbour buildings, approach roads,
& Contracting, Galfar Engineering & tional 50 skiffs, 10 multipurpose ves- vehicle and boat parking and other
Contracting, Modern Construction, sels and 200 bigger boats. utility structures. The onshore infra-
Consolidated Contractors Company structure also includes fish auction
(CCC), and Larsen & Toubro This phase will primarily cater to the halls, ice plants and cold storage fa-
(Oman). The six firms submitted firm Youth Vessels planned by the minis- cilities.
offers in bids that opened earlier try — an ambitious public-private-
this week. partnership (PPP) designed to create Development of the Seeb fish
a new modern fleet of fishing ves- harbour is part of the government’s
The Ministry of Agriculture and sels, owned and operated by young, Ten-Year Fisheries Sector Develop-
Fisheries is financing the develop- trained Omani fishermen. The con- ment Plan (TYFSDP), a comprehen-
ment of the harbour, which will come tract calls for the construction of sive fishery harbour development
as a major boost to the wilayat’s two breakwaters, the dredging of programme for the entire country.
thriving fishing community. The fa- the harbour basin, and the construc- The objective of the TYFSDP is to
cility will be built to accommodate a tion of an entrance channel. Also develop a modern fishery industry
variety of fishing vessels of differ- planned as part of the harbour infra- backed by a network of harbours,
ent capacities. According to offi- structure are two pontoons in the processing and market facilities.
De
Devvelopment drive in Oman hits ttop
drive op gear
S heikh Abdullah bin Salim bin

A’mer Al Rowas, minister of re-
gional municipalities, environment
the regions of Batinah, Dakhiliyah,
Sharqiyah and Dahirah and will
mostly be single carriageways.
smooth movement of vehicles.
Similarly, the construction of the

and water resources, has signed 11 sewage treatment plant and sewage
agreements worth around RO11.5 A 100-m-long suspended pedestrian network in Sur will improve the qual-
million for developmental works in bridge will be built on the Khoor Al ity of life and civic amenities in that
various parts of the Sultanate. Batah valley near Sur to connect town.
nearby villages and it will be com-
The signing of the agreements is in pleted in 18 months. The souqs will All these projects are part of the
line with the 36th Renaissance Day come up in Masirah Island and community service initiatives and
anniversary celebrations. The agree- Duqm. add to the building of a modern
ments signed with different con- Oman, which is the main aim of His
tracting companies include six for According to Abdul Hakeem Al Majesty Sultan Qaboos bin Said,
upgradation and building of new in- Zadjali, director-general of technical the officials of the ministry said.
terior roads, two for souqs, and one affairs at the Ministry of Regional These projects will in turn will im-
each for construction of sewerage Municipalities, Environment and prove the social structure, and in-
network and sewage treatment plant Water Resources, all these projects crease the economic activity in the
(STP) in Sur; a pedestrian sus- are aimed at improving the well-be- regions. The upgradation and build-
pended bridge; and laying of under- ing of the people of the Sultanate. ing of new asphalted roads in the
ground cables. different wilayats are expected to
For example, the development of the contribute to the growth of tourism
The road projects have been com- entrance of Mahout will ease the because many of these roads are
missioned in different wilayats in traffic congestion and enable part of the tourism locations.

Beautifying the capital
M uscat Municipality has made

many enviable achievements
during the past one year. Many new
The central road project, which will
link the South Al Ghubrah with Al
Khuwair, Madinat Sultan Qaboos
preparation of designs and draw-
ings of the coastal road (North Al
Ghubrah/Azaiba). The project will
projects were implemented and and Qurum 29, includes construc- be completed within the celebra-
many were taken up. Seeb airport tion of a number of bridges and tions of the 36th National Day. The
flyover and bridge project is one flyovers. road extends from the area adjacent
among them. to Chedi Hotel in North Al Ghubra
Work is also going on in Al Amerat/ to Al Mansouriyah and crosses
The municipality began prepara- Bausher road, which is expected to Khur Al Azaiba to end at Al Naejeel
tions for execution of this project by be asphalted at the beginning of garden in Azaiba, where it joins the
a company specialised in construc- 2007. Currently, work is going on in coastal road. The projects include
tion of main road projects. The Phase II of the project, which com- car parkings along the roadside and
project is designed according to the prises 6km. Refilling and levelling other separate parking for the mo-
international standards and specifi- works have already completed by torists as well as road lighting
cations applicable in this field. This the municipality in the 3-km Phase I works.
is regarded as one of the vital of the project.
projects, through which the munici- Work is going on in Phase II of
pality aims to lessen traffic jams for The project will shorten the distance Muttrah coastal road after comple-
smooth flow. between Al Amerat and Bausher and tion of Phase I of the project, last
would ease traffic jams in addition year. The project includes landscap-
The project works include construc- to activation of tourism as it crosses ing and beautification works at the
tion of three lanes along Sultan mountainous areas and would pro- coastal road in the wilayat of
Qaboos Street at the site of the air- vide a marvellous aerial view of Muttrah.
port roundabout, construction of a Muscat city.
flyover as well as construction of Phase II of the project includes re-
roads for the surrounding road net- The construction works in Al moval of the upper part wharf to be
works such as the airport road. The Amerat/Quriyat dual road will begin replaced with granite, which resists
project also includes construction in August through a tender to be weather conditions and seawater im-
of extra parking lots, landscaping awarded to one of the companies pacts. The project also includes ex-
works and lighting works. specialised in construction of such pansion of the car parks at the wa-
projects. The project construction terfalls and Al Inshirah restaurant
The Seeb International Airport works extend for 70km, which starts areas.
roundabout is regarded as vital in from Al Amerat Police Station
Muscat Governorate, which makes roundabout to Quriyat-Sur road. The project comes within the
the said project of great significance municipality’s keenness to keep
for smooth traffic flow, particularly Work is also going on in the con- abreast of the latest developments
after the completion of Al Mawaleh struction of Wadi Al Lawami dual in the field of tourism. For this, the
and Al Khoudh flyovers and road in the wilayat of Seeb, expected project comprises construction of
bridges. to be completed next November. tourism facilities in addition to
The project aims at improvement of modernisation of other facilities and
The project will be constructed in the eastern entrance of Seeb Souq improvement of infrastructure and
compliance with the most advanced area, which the project links to Al landscaping projects.
traffic engineering criteria for main- Mawaleh flyover and bridge.
taining the optimum traffic flow. The project works will be completed
The dual road begins from Al within the celebrations of the 36th
Construction work is going on in Khoudh flyover and bridge to the National Day. Work is also going on
the southern and central highways, Wadi Al Lawami Souq and includes for the Al Sahwah Park project in the
which link Muscat Governorate with construction of a roundabout. The wilayat of Seeb, which includes en-
the other governorates and regions. coastal road will be linked to Al tertainment facilities and car parks at
The Southern Highway will become Khoudh flyover and bridge through an area of over 250,000 square
the first alternative for Sultan construction of this dual road. metres.
Qaboos Street as it links the resi-
dential and industrial areas. The municipality has completed The project includes integrated ad-
MARKET REPORT 73
vanced facilities, six gardens and a tourism and cultural landmarks such ronment project for Muscat. This
number of water fountains yard. It as Al Jalali and Al Mirani forts and project includes construction of
also includes rose gardens in attrac- the tourism facility of Al Bustan Pal- new residential units with new archi-
tive geometrical deigns, a mosque, ace Hotel. tectural designs in Mayabeen and
coffee shops, internal transport Al Dalalil areas.
means among other facilities. The traditional souq displays silver
works, antiques, pottery products, Phase II of the project includes con-
The municipality has completed the coffee shops and public facilities. struction of 10 residential units each
facilities required for a park in the at an area of 120 sq.metres
wilayat of Quriyat between the vil- The project is designed similar to
lages of Dhabab and Bima and the pattern of the traditional archi- Work is also going on in Phase II of
along the Quriyat-Sur road currently tectural designs of the buildings of the social houses in the wilayat of
under construction. old Muscat. Al Amirat for construction of 37
houses. Over 90 per cent of the con-
The municipality has started con- Work on the renovation and reha- struction works of the social houses
struction of the facilities of this bilitation of the fish market in the have completed and shortly would
project since 18 months at an area of wilayat of Seeb will begin soon. be handed over to the owners.
over 160,000 square metres.
The project includes removal and The municipality is currently work-
The services recently completed at replacement of the current roof of ing for execution of Bait Al Baranda
the said park include electricity and the fish market building, replace- History Museum in the wilayat of
water supply and planting of shade ment of the front side of the build- Muttrah in cooperation with the
and palm trees. The park now began ing, demolition of the current fish Ministry of Heritage and Culture.
receiving visitors. sale outlets, to be built according to The museum represents a cultural
advanced specifications, establish- and tourism centre and heritage
The municipality has completed a ment of platforms for fish slicing for landmark, which showcases the
project of a public park in Madinat 12 workers, exchange of the current deep-rooted history of Muscat by
Al I’alam in Qurm. The park includes sewage system, identification of fish using advanced technology in the
different entertainment facilities, wholesale areas, a coffee shop and field of demonstration and display.
basketball and football grounds. health inspection office.
The park includes a number of en- The museum will play a significant
tertainment facilities, a fast food cof- The project comes within the role in attracting tourists and re-
fee shop, closed air-conditioned municipality’s efforts to cope with searchers from within and outside
family areas as well as open-air fam- the rapid construction and popula- the Sultanate.
ily area among other facilities and tion growth in Muscat Governorate
services. and to meet the requirement of the The museum will focus on a number
trade movement witnessed in fish of aspects with regard to Muscat
The municipality has carried out in- market in the wilayat of Seeb. including its natural history, history
novation works for a traditional of man, Muscat and the sea, heri-
souq and a tourism coffee shop in Work is also going on in Phase II of tage, modern Muscat and preserva-
old Muscat city, which embraces improvement of construction envi- tion of environment.
Health projects in nor

projects th Batinah
north
T he Health Ministry will be con-

structing five health centres in
the north Batinah region at a total
Al Owainat health centre in wilayat
of Sohar is under construction at a
cost of RO426,000. It will serve six
structed at a cost of RO410,000 and
is expected to serve 15 villages and
provide health services for a popu-
cost of RO2.5 million. The health villages. The centre is expected to lation of 22,891.
centres will provide healthcare ser- provide health services to 16,454
vices for residential villages and ar- people. Al Qasabiyah health centre will be
eas in the wilayats of Sohar, Al constructed in Al Khabourah at a
Suwaiq, Al Khabourah, Saham and Al Sharisah health centre in the cost of RO400,000, and expected to
Liwa. wilayat of Al Suwaiq will be con- provide health services for five vil-

lages and a population of 19,539. 14,808. 9,636.
Hafeet health centre is under con- Nabar health centre in the wilayat of As per Ministry of Health statistics,
struction in the wilayat of Saham at Liwa is under construction at a cost the number of patients expected to
a cost of RO400,000. The centre is of RO398,000. The centre is ex- benefit from the prime medical ser-
expected to provide health services pected to provide health services vices is estimated at 80,000. —
for six villages and a population of for six villages and a population of Oman News Agency (ONA)
EBS targets construction projects in Oman

E mirates Building Systems LLC

(EBS), a subsidiary of Dubai In-
vestments Industries, the industry
With this partnership, Emirates
Building Systems will further extend
its role in Oman’s booming con-
presence in the Sultanate, which is
witnessing significant develop-
ments in the construction sector.
arm of Dubai Investments, has an- struction and real estate industry.
nounced the appointment of The company had recently signed a “Over the years we have been in-
CEMEC Trading & Services to mar- prestigious contract in Oman with volved in the construction of sev-
ket its range of construction and en- Carillion Alawi to engineer, fabricate eral landmark projects across the
gineering products in the Sultanate and deliver 2,300 metric tonnes of Middle East, and now we are glad to
of Oman. A distributor agreement to steel, as part of the Phase II expan- increase the availability of our high-
this effect was signed recently be- sion of Muscat City Centre. quality pre-engineered metal and
tween Fouad Arwadi, sales general steel building structures in Oman
manager, EBS; and Adil Salim Al “By appointing CEMEC as our dis- through CEMEC,” said Fouad
Hooquani, chairman, CEMEC. tributor in Oman, we will be better Arwadi.
positioned to strengthen our market
Al Hassan Electricals opens new showroom

H assan bin Ali Salman, chairman

of Al Hassan Group, has inau-
gurated the fifth showroom of Al
With five showrooms at strategic
locations and a 160-strong dealer
network spread over the country,
door decorative light fittings/chan-
deliers, ceiling/exhaust fans, PVC
conduits, building wires, energy
Hassan Electricals Co. LLC in Al supported by an experienced inte- meters, MCCBs and MCBs, earth
Khoudh. rior sales team and efficient ware- leakage circuit-breakers, PG clamps,
housing/ inventory facilities, the bimetallic lugs and LV/MV
Al Hassan Electricals already has its company offers premium products switchgear panels, power tools,
showrooms in Honda, Hamriya, at unbeatable prices. pumps, water heaters and much
Seeb and Ghubra. With the opening more.
of the fifth showroom, Al Hassan Constant innovations, research and
expects to target the dealer and development in sourcing enable the Al Hassan Electricals is part of the
other business segments in and company to offer the latest products Al Hassan Group, a multi-million,
around Al Khoudh. to its clients. It holds exclusive dis- multinational, 30-year-old profes-
tributorship rights from well-known sionally-managed diversified group,
Al Hassan Electricals is known in manufacturers the world over. The having business interest in con-
the market as the one-stop destina- product spectrum encompasses tracting of EPC projects in oil, gas,
tion for all electrical products. With power and distribution transformers, power, water and petrochemical sec-
‘customer focus’ and ‘project-based medium and high-voltage cables, tors; trading of power, oil, gas, water
selling’ as its buzzwords, it has been overhead line conductors, 11kV/ and petrochemical-based equipment
registering phenomenal growth 33kV switchgears, power/control/ and services, and manufacturing of
since its inception in 1976, success- instrumentation cables, heat shrink- low and medium voltage switchgear
fully meeting challenges on the way. able cable accessories, switches, in- panels, lighting systems and paints.
MARKET REPORT 75
Plans for $1 billion Yiti and
Shinas resor ts ffirming
resorts irming up
P lans for the establishment of in-

tegrated tourism resorts at Yiti in
Muscat Governorate, and Shinas on
In addition to golf courses, the
properties will also be equipped to
cater for a range of water sports and
will provide cost, risk and value
management services to link to-
gether all elements of the project.
the Batinah coast, are making good outdoor pursuits, including diving,
headway, according to officials sailing, and so on. Also envisioned Established in 1876, Currie & Brown
working with the project’s promot- are around 2,100 low-rise residential is a global leader in construction
ers. Both resort properties are being units comprising 1, 2, 3 and 4-bed- cost, project, and risk management
promoted by Dubai Holding’s inter- room apartments and villas, in addi- operating in over 50 countries. The
national property development arm, tion to some 500 hillside company acquired Barker Barton &
Dubai International Properties, townhouses. Lawson Ltd in June 2003 and is now
which was recently rebranded as one of the largest construction
‘Sama Dubai’. Elements of Oman’s rich culture and consultancies of its kind operating
heritage will be incorporated in the in the Middle East. The regional
Total investment in the two ven- design of these homes. A number of head office is in Dubai and in addi-
tures, which are currently in the traditional-style souqs are also tion the company has offices in
master planning stage, is estimated planned as part of these properties. Muscat, Abu Dhabi and Doha.
at $1 billion. Conceived as unique
lifestyle resorts with an Arabian The multi-use resort and leisure de- Over the past year, Sama Dubai has
flavour, the Yiti and Shinas projects velopments stem from an agreement unveiled a clutch of major property
will bear Sama Dubai’s new global signed in April last year between development and tourism projects
brand name for its planned chain of Dubai International Properties and that will place it in the big league of
international tourism and leisure Oman’s Ministry of Tourism, outlin- international-scale real estate devel-
properties ‘Salam Resort & Spa’. ing plans for an integrated tourism opers. It includes Dubai Towers
Both developments, covering an resort at Yiti. In May this year, Doha, a commercial, residential and
area of around 48 million square Currie & Brown, the leading interna- retail high-rise complex in the Qatari
feet, will feature a number of 4- and tional construction and management capital; Amwaj and Marina de
5-star beachfront hotels suitably de- consultancy, announced that it was Casablanca ambitious projects in
signed to offer a combination of appointed as Cost Manager for Morocco; the Salam Beach Resort &
mountain, golf, spa and beach resort Sama Dubai on behalf of the presti- Spa in Bahrain, and ‘The Lagoons’
experiences. gious beach resorts. Currie & Brown in Dubai.
ADPi bags Seeb and Salalah airpor

portt contracts
airpor
F rench engineering and infra-

structure specialist Airport de
Paris Ingenierie (ADPi) has won a
In Salalah, a new passenger terminal
of a capacity of around two million
passengers per year is proposed,
new project management consult-
ants ADPi to finalise detailed design
plans for the new terminals at Seeb
RO7.7 million ($20 million) contract along with a new cargo terminal and and Salalah. Construction of the
to provide project management associated infrastructure. new terminals is expected to be
consultancy services linked to the shortly put to tender, with a contrac-
development of the Seeb and A joint venture of Cowi and Larsen tor likely to be selected before the
Salalah airports. Architects and Consulting Engi- end of this year.
neers has already commenced work
Envisaged at Seeb is a new passen- on the design of the new airports With its selection as project man-
ger terminal designed to cater to 12 under a contract worth RO 18.3 mil- agement consultant, ADPi will bring
million passengers per year in the lion awarded in May last year. to the project its vast experience in
first phase up from a present capac- the design and development of air-
ity of around three million passen- According to officials, Cowi and port platforms and major infrastruc-
gers. Larsen will work closely with the tures around the world.

Qatabi lists new ttourism
new ourism projects
projects
for Dhofar governorate
S heikh Mohammed bin Ali Al

Qatabi, minister of state and
governor of Dhofar, said the Sultan-
thanks to the efforts of government
and private sector officials.
and landscaping, construction of
markets and development of public
utilities.
ate, under the wise leadership of His In a statement to Oman News
Majesty Sultan Qaboos bin Said, Agency (ONA), Qatabi added that He added that currently the govern-
had managed to achieve stability tourism projects planned in the gov- ment is providing financial support
which is a prerequisite for attracting ernorate of Dhofar include a tourism and soft loans for a number of pri-
domestic as well as foreign invest- resort project at Shaa area, on the vate sector projects to set up hotels
ments. sea shore, a commercial complex and tourism resorts.
project, hotel apartments in Salalah
The Sultanate has also envisaged to (to be constructed in 2007-2008). Qatabi highlighted the role being
contribute considerably towards the played by the authorities in attract-
diversification of the economy and Qatabi said that tourism village ing various tourism investments in
achieving welfare of the Sultanate, project in Hino area at the wilayat of the governorate. To this effect, a
he said. Mirbat will be completed by next number of package tours were
year. He said development project of organised to Dhofar governorate as
Qatabi said Dhofar governorate has Hasik and Hafa areas are major de- from September 2005.
become a destination for the attrac- velopmental projects to be carried in
tion of capital, due to its natural and the governorate. The minister said preparations for
tourism potentials and diversified Khareef Salalah 2006 had com-
climate in addition to security and As for service and infrastructure menced by end of last year’s
stability in the Sultanate, and projects currently under construc- Khareef, in construction and ser-
progress witnessed in various tion and in the future in the gover- vices activities and other logistics.
spheres. norate, Qatabi said last year and this The Sultanate participated in vari-
year the government constructed ous AGCC exhibitions to promote
He said various tourism projects will and initiated various service devel- Khareef Salalah 2006, by distribu-
be carried out and envisaged to be opment projects, including road tion of manuals and pamphlets
of benefit for the peoples in Dhofar, construction, lighting, beautification about it.
Majan Gulf, IGDC ink RO56 million

real estate project deal
T he ‘Sohar Residential and Com-

mercial Project’, a RO56 million
real estate venture in Sohar, was an-
ism at Shangri-La’s Barr Al Jissah
Resort and Spa.
tate project also means that Sohar,
once a staid coastal town has been
recognised as the fastest growing
nounced yesterday with a signing These projects are designed and will industrial hub in the region.
ceremony between Majan Gulf Prop- be developed by Majan Gulf Proper-
erties (MGP), and International Gulf ties and represent the first major “The two-part Sohar Residential and
Development and Contracting Com- venture of its kind comprising of Commercial Project comprises ‘Al
pany (IGDC). commercial, industrial and residen- Bustan furnished Deluxe Apartment
tial components in Sohar. Work on Complex’ and the ‘Residential Villa
The signing ceremony for the one the projects will begin in September Compou-nds’ to be built at an esti-
million sq mts project was held un- and will be completed in three years. mated cost of RO16 million and
der the patronage of Dr Rajiha bint RO40 million,” said Mohammed S.
Abdulamir bin Ali, minister of tour- The announcement of this real es- Al Marzouqi, CEO of Majan Gulf
MARKET REPORT 77
Properties (MGP) who signed the consultancy firms and contracting soon in Saudi Arabia.
agreement along with Youssef partners for the creation of the cur-
Wehbe, general manager, IGDC. rent and the future projects in Sohar With the aim of becoming the pio-
as well as their upcoming projects in neer in real estate development and
Commenting on the strategic loca- Khasab. investment in Oman, MGP will con-
tion of Sohar for their first endeav- tribute to the development of com-
our, Mohammed Al Marzougi, CEO, MGP has, on the anvil, a number of mercial and residential sectors in the
MGP, said: “Sohar occupies a strate- other stunning projects including Sultanate.
gic 45km open sea gate on the Gulf The Pearl in Sohar, an inspiring sea
of Oman and was chosen by the resort located in Mejis; the International Gulf Development and
government to be developed into a 134,000sqmt Majan Logistic City Construction Company (IGDC) is
main industrial bay with 200sqkm of facing the reputed Sohar industrial the construction company estab-
industrial city unique by its diversi- zone; and the Khasab Family Resort lished by Majan Gulf Properties and
fied industry, refineries, petrochemi- in the Musandam peninsula. the Lebanese Infrastructure Con-
cals, metal and aluminium. MGP is struction Company (ICC), member of
contributing to this ‘industrial revo- MGP was established in Oman in Doumit Group, for the development
lution’ led by the government by 2004 with its headquarters in Sohar. and execution of the works.
creating residential and commercial Founded by Nayef Al Rifai from
agglomeration that fits the needs of Bahrain and Mohammed Al Marzouqi and Associates is a
the industrial growth.” Marzouqi from the United Arab project management, design, and
Emirates (UAE); the company has supervision consultancy firm with a
Majan Gulf Properties has joined sales representatives in Kuwait, rich history of prestigious project
their efforts with different Bahrain, the UAE, Cairo (Egypt) and achievements and master plans.
Deal for RO43-million dam signed

A historic agreement worth RO43

million was signed yesterday to
build the Wadi Dayqah Dam, the
across Wadi Dayqah at Al Mazara at
a height of 74 metres and width of
400 metres. A secondary dam, 48
country and mainly it will feed the
Quriyat and Muscat areas.
first and biggest of its kind in the metres high and 370 metres wide, “The amount of water which will be
Sultanate of Oman. will also be built a few hundred conserved is about 100 million cubic
metres from the main dam. metres which is enough to feed the
The signing of this agreement has capital area and Quriyat for three
set in motion a strategic water sup- With these two dams, a reservoir years,” disclosed Macki.
ply scheme designed to quench the with a capacity of around 100 million
thirst of the capital area of Muscat cubic metres of water will be created Speaking about the strategic study
as well as Quriyat in four years’ to supply water. for drinking water resources in the
time. Sultanate, Ahmed said the govern-
In the second phase, elaborate fa- ment has accelerated the pace of en-
The agreement for the first phase cilities will be built for pumping, hancing the water resources avail-
project was signed by Sheikh storing, treating, and piping the wa- ability.
Abdullah bin Salim Al Rowas, minister to residents of Quriyat and Mus-
ter of regional municipalities, envi- cat for domestic and agricultural “The government’s plan is to invest
ronment and water resources; purposes. about RO1.2 billion from now until
Ahmed bin Abdulnabi Macki, minis- 2020. Out of that we have already
ter of national economy and deputy Speaking to the Times of Oman in spent about RO600 million on water
chairman of the Financial Affairs an exclusive chat after the signing resources availability and I believe
and Energy Resources Council; and ceremony, Ahmed bin Abdulnabi this demonstrates the concern of
representatives of Consolidated Macki, minister of national economy the government and His Majesty’s
Contractors Company Oman (CCC) and deputy chairman of the Finan- vision to provide clean drinking wa-
and Vinci Construction of France. cial Affairs and Energy Resources ter to the citizens,” Macki pointed
Council, said that the building of out.
In the first phase of this joint ven- this dam falls within the strategy of
ture project, a dam will be built water resources conservation in the Meanwhile, Abdullah bin Nasser Al

Bakri, undersecretary for water re- the Eastern Hajjar mountain ranges, The remaining 50 million cubic
sources affairs at the Ministry of Wadi Dayqah links the wilayat of metres is either lost as runoff during
Regional Municipalities, Environ- Dima wal Tayeen in the Sharqiyah major flooding, infiltrates the wadi
ment and Water Resources, speak- region with Quriyat in Muscat gov- bed and enters the groundwater
ing to this reporter said: “I would to ernorate before reaching the sea at system downstream or is lost to the
like the congratulate the wilayat of Daghmar. sea via springs.
Quriyat and Muscat governorate for
this project. This is the biggest It is also one of the largest perennial The projects main objective is to
project in Oman in terms of storage streams on the Arabian peninsula trap the floodwaters and after suit-
dams. And that will provide water with a year round flow fed by a able treatment to supply potable wa-
for domestic use.” Abdullah dis- catchment area encompassing some ter to areas of the capital region in
closed that the target date for 1,900 square kilometres. the next stage of development.
completion of this project is by end
of 2009 or beginning of 2010. Studies show that only a fraction of The dam project and associated wa-
the wadi’s prolific capacity is cur- ter supply network will help support
“Once completed the dam, annually, rently channeled for useful pur- agricultural development,
will provide 20 million cubic metres poses downstream. Annually, some strengthen potable water supplies,
of water to Muscat, 5 million cubic 10 million cubic metres of water is augment groundwater reserves, and
metres to Quriyat and 10 million cu- used by a system of aflaj serving stimulate tourism and other allied
bic metres for agricultural pur- three downstream villages – Al activities in the Al Amerat, Quriyat
poses,” Abdullah said. Located in Mazara, Hayl Al Ghaf and Daghmar. areas of the Muscat governorate.
OTDC, Sara
Sarayya tto
o se
sett up mega ttourism
ourism vventure
enture
S tate-owned Oman Tourism De-

velopment Company (OTDC)
and Saraya, one of the leading real
In line with the MoU signed, OTDC
and Saraya will develop a world-
class tourism project in Muscat. The
friendly and cultural-conscious
manner. Tourism will not only stimu-
late economies but also provide the
estate development and asset man- project will offer residential and en- local communities with enormous
agement companies in the region, tertainment facilities for tourists. benefits, such as job opportunities,”
yesterday signed a memorandum of a Saraya official said.
understanding to set up a mega “Our strategy is to develop Oman as
tourism joint venture in Muscat. an internationally acclaimed tourist Saraya, headquartered in Amman
centre, and increase the pace of and the UAE, has invested in a
The master plan for this mega Oman’s economic development. number of projects in Jordan and
project is yet to be developed. De- the UAE. Its first investment is
tails on the cost of the project and This project, we believe will support Saraya Aqaba, a $800 million
other parameters are in the process our strategies of reinventing Oman beachfront travel destination on the
of discussions. Both the parties are as one of the major tourism destina- Red Sea built around a man-made
expected to reach a consensus tions in the Middle East,” Dr Rajiha lagoon, spanning nearly 610,000
soon. bint Abdul Amir bin Ali, minister of square metres in the centre of
tourism, told Times Business. Aqaba, adding approximately 1.5km
Dr Rajiha bint Abdul Amir bin Ali, of beachfront right in the heart of
minister of tourism, and Ali “We will utilize Oman’s diverse tour- Aqaba.
Kolaghassi, vice-chairman and CEO ism potential and endeavour to cre-
of Saraya, signed the memorandum ate job opportunities and good re- Saraya has invested in Ras Al
of understanding during the Omani- turns for our investors. This project Khaimah, the first of a series of pre-
Lebanese business forum, at will be a model, in terms of planning, mium projects in the UAE. The $1.2
Shangri-La’s Barr Al Jissah Resort. implementation and management,” billion Saraya Islands will be spread
Ali Kolaghassi, vice-chairman and over 1.2 million square metres, with
Sheikh Saad Rafic Hariri, president CEO of Saraya told newspersons. a range of five-star hotels, family
of Future Parliamentary bloc, Leba- and all-senses roots, private
nese parliament, is the chairman of “Saraya is committed to developing beaches, a water theme park, and
Saraya. all its projects in an environmental- cultural and commercial venues.
MARKET REPORT 79
Sohar Aluminium, Dawood Contracting
sign agreement
S ohar Aluminium has signed an

agreement with Dawood Con-
tracting to lease 160 residential units
Dawood Contracting has been in-
volved in the design and construc-
tion of various buildings in the CBD
rangement where the developer will
be building and owning the proper-
ties and SA is committing to a long
to be built in the wilayat of Sohar. area, residential complexes in Mus- term lease.
cat and Sohar and the implementa-
In line with the arrangement, the de- tion of various government projects The housing units committed with
veloper will build and own the prop- with both the Municipality and Min- Dawood represent only a small part
erties, and Sohar Aluminum has istry of Defence. of the total housing requirement for
committed to a long-term lease. Sohar Aluminium staff in the coming
Tony Kinsman, CEO of Sohar Alu- three years and the balance of the
Dawood Al Futaisi, a young entre- minium, said: “We are pleased that requirements are expected to be
preneur from the Batinah, owns after going through a transparent supplied by the local market and by
Dawood Contracting. Dawood also and fair evaluation process Dawood individuals around the smelter
runs a profitable family business in Contracting was awarded this lease area.”
contracting and furnishing. contract.
Sohar Aluminum’s shareholders are:
On signing the agreement with “The fact that the Dawood Con- Oman Oil Company; Abu Dhabi Wa-
Sohar Aluminium, Dawood com- tracting is owned by a young busi- ter and Electricity Authority; and
mented: “We are proud to have won nessman from the Batinah area is Alcan Canada.
the tender for building the residen- very much in line with our objec-
tial units for Sohar Aluminium. We tives of providing opportunities to The company was established in
have worked very hard over the last the business community in the September 2004 to construct and
couple of years to compete for vari- area.” operate a single AP35 potline alu-
ous projects in Muscat and Sohar, minium smelter with an associated
and being associated with the Sohar Kalat Al Bulooshi, HR general manpower plant. The smelter is targeted
Aluminium Company will add to our ager, added: “This housing to start its first production of hot
track record of success.” developement is based on an ar- metal in 2008.
The Wave ffir

Wa ir st sales release ne
irst ts o
nets ovver $100m
$100m
T he Wave, Oman’s leading tour-

ism and beachfront residential
development, has announced that
mostly based in the Sultanate, ac-
cording to company officials. The
demand to the project can be
Abdullah bin Abbas bin Ahmed,
president of Muscat Municipality
and chairman of The Wave, Muscat
its first residential release has gauged from the fact that the first said: “The unprecedented demand
evoked an unprecedented response release witnessed buyers from 24 for the first release underpins the
with sales touching over $100 mil- different nationalities. uniqueness of our development.
lion. While we were always confident
The Wave, Muscat is the first mixed about the success and the interest it
Half of the units in the first residen- use development granted the right would generate, to exceed sales of
tial release, covering 221 town- to sell freehold property rights to all $100 million reflects the faith every-
houses and villas and due to be buyers, including foreigners. one has in our project and its iconic
completed in early 2008, were nature. The development is destined
bought by Omanis with the remain- Speaking on the phenomenal re- to become a landmark destination,
ing bought by the expatriates sponse to the first release, Eng. which will attract tourists, residents

and business, creating a place like on course to deliver on our core cat to lap up the opportunities on
nowhere else.” mission to offer unparalleled invest- offer. The first residential release in-
ment and lifestyle opportunities in cluded waterfront villas, garden vil-
He added: “From the very begin- the centre of Muscat.” las and townhouses.
ning, the team focused on the pro-
cess and paid attention to the vari- Subsequent to the issuance of The construction of units in the first
ous details throughout the stages of Royal Decree 12/2006, interested release will coincide with the
the development. As we cross an- buyers from UK, India, Dubai, completion of the Oman’s first sea
other important milestone in creat- Bahrain, Kuwait and other countries facing golf course to be designed
ing our landmark destination, we are made a beeline to The Wave, Mus- by renowned golfer, Greg Norman.
Oman, Egypt tto

o se
sett up $600 m ttourism
ourism vventure
enture
O man and Egypt has joined

hands to set up a major world-
class tourism project.
and Energy Resources Council; His
Highness Sayyid Haitham bin Tariq
Al Said, minister of heritage and cul-
souq, linked to a 35,000 square
metres shopping mall; a 35,000
square metres office building to
ture; Maqbool bin Ali Sultan, minis- house the most reputable local and
Government-owned Oman Tourism ter of commerce and industry; and foreign companies; and a retail pe-
Development Company (OTDC) and several royal family members and destrian street — promenade —
Egypt’s Orascom unveiled the mas- industry captains attended the un- packed with exclusive brand outlets,
ter plan for the prestigious $600 mil- veiling ceremony at the Grand Hyatt cafes and restaurants, a six-screen
lion joint venture — Muriya — here Muscat. cinema theatre, under ground park-
on Wednesday. ing garage, to name a few. There will
“We endeavour to promote tourism be two bridges crossing the wadi.
On behalf of the government, OTDC in a big way, that could generate
has picked a 30 per cent stake in the more job opportunities for nationals. Oman’s capital city, Muscat has
new tourism venture and Egypt’s We are confident that projects such been a major destination for busi-
Orascom 70 per cent. Besides Oman, as Muriya will give a big boost to ness and leisure travellers for the
Orascom has a large number of am- the domestic tourism industry,” said last 10 years or so. In fact, Oman,
bitious projects in Egypt, Jordan, Rajiha, who is also the chairperson the second largest country in the
the UAE, Switzerland and Mauritius. of OTDC. Arabian Peninsula offers a unique
opportunity for business and leisure
Oman’s leading asset management “Promotion of hygiene and health travellers to experience the Arabian
company Fincorp is the financial ad- has always been a priority for Oman, hospitality at its best.
viser for this project. Muriya will and development of world-class
create a tourist destination, en- tourism infrastructure plays a crucial In Salalah, Muriya proposes five ho-
dowed with the flavour of Oman’s role in economic growth,” she tels having the status of 4-6 stars.
diversified nature and culture. The pointed out. The area will have inland marina and
master plan includes development marina towns, comprising luxurious
of Wadi Al Qurum, Salalah, Sifah “Muriya is fully committed to pre- real estate apartments. An 18-hole
and Al Soda Island. serving the natural treasures of golf course and water sports and
Oman. The long-term plan is to de- tracks for horse and camel riding will
“We are committed to fully exploit velop unique resorts at four select also be developed in the area.
the Sultanate’s tourism potential, locations including Wadi Al Qurum,
which will help stimulate long-term Salalah, Sifah and Al Soda Island,” In Sifah, the company plans to build
economic development,” Dr Rajiha said Orascom chief Samih Sawiris. four hotels having 4-6 star grades.
bint Abdul Amir bin Ali, tourism An 18-hole golf course and water
minister, told the Times of Oman. Muriya proposes to transform sports and tracks for horse and
Qurum into a classy township by camel riding will also be developed
Ahmed bin Abdulnabi Macki, minis- upgrading its status as the hub of in the area. In Al Soda Island, a luxu-
ter of national economy and deputy the city, involving an elegant 250- rious boutique resort with seven-
chairman of the Financial Affairs room six-star hotel; an old Omani star facilities will be developed.
MARKET REPORT 81

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Interiors & Buildex 2009

16-18 March 2009

The Wave, Muscat The Blue City

Muscat Hills Barr Al Jissah Resort & Spa

Complete News on Oman’s

2 INTERIORS & BUILDEX 2009

4 INTERIORS & BUILDEX 2009

Al Amerat and Quriyat highway upgrade Muscat Municipality 180 Execution

Sohar residential and

6 INTERIORS & BUILDEX 2009

K eeping in mind the need for

T he Kuwait-based Action Hotels

Galfar wins RO 25 million Al Amerat-Bausher

L eading Omani construction firm

8 INTERIORS & BUILDEX 2009

T he Wave Muscat’s luxurious

Omran star ts onsit

O nsite works for Oman’s first

A largan Towell Investment Co

10 INTERIORS & BUILDEX 2009

Sadolin Paints launches two

C elebrating 30 years of leader-

N ine construction firms have

The Wave signs deal ffor

F airmont Hotels & Resorts, a glo-

12 INTERIORS & BUILDEX 2009

O man will soon boast its own

Al Balushi Investments launches

A s Oman’s real estate market

Work on Salam Yiti pr

S ama Dubai, the international real

14 INTERIORS & BUILDEX 2009

T he Port of Salalah is investing

T he $1 billion iron ore pellet plant

T he real estate sector is the high-

16 INTERIORS & BUILDEX 2009

C EMENA, a new giant cement

The GCC alone consumes around 62

Development boom as 36 pacts

T hirty-six agreements to develop

18 INTERIORS & BUILDEX 2009

T he Al Madina A’Zarqa coastal

D aewoo Shipbuilding & Marine

Majan Gulf launches sales

M ajan Gulf Properties (MGP),

20 INTERIORS & BUILDEX 2009

A l Madina A’Zarqa, the most sig-

Real estate, luxur

T he Malkai, a project represent

M uriya Tourism Development

The signing of the contracts com-

22 INTERIORS & BUILDEX 2009

W .J. Towell Group has joined

Suhail Bahwan vventures

A t a time when Oman is experi-

Al Nabri Global tto

A l Nabri Global Investment Com-

The Wave’s Ocean Vie

T he recent sales launch of Ocean

“By the evening of March 7, some

24 INTERIORS & BUILDEX 2009

Sayyid Haitham ttees