Omani multinational, Renaissance Services, has flagged plans for a $108.45m accommodation facility to house up to 16,000 workers in Oman’s Duqm economic zone, it was reported.
The large permanent accommodation facility will be for blue-collar workers employed by contracting firms that will soon be engaged for planned mega projects in the region, the Times of Oman said.
Renaissance Services CEO Stephen Thomas said the company had already signed a land utilisation agreement with the Special Economic Zone Authority at Duqm (SEZAD) to develop the project, which will cover 192,000sqm.
“We have completed the design (of the building) and have published advertisements to elicit expressions of interest. (As many as) 39 companies have actually submitted the documentation. We are selecting the short-listed firms this week and will then issue tenders the following week for design and construction," he was quoted by the Times as saying.
Highlighting the emerging demand for accommodation for workers of the contracting firms, he said the port would have 3,000 blue-collar workers.
“They expect to create 10,000 jobs outside,” he said. At the peak of refinery construction, there will be 12,000-13,000 people working on the project.
He said that apart from accommodation, the main features of the project included canteens, laundry, first medical carte and recreation facilities.
Thomas said the facility would be converted into studios and small apartments when it was no longer needed. However, this was 20 to 30 years away.
Thomas said Renaissance was looking to invest up to 50 per cent of the equity in the project.
"We plan to actually offer an opportunity to invest in the Duqm project to Omani pension funds and to the local community investors,” he said. "The remaining portion will be borrowed from financial institutions.”
It would be similar to permanent accommodation for contractors (PAC) employed by Petroleum Development Oman (PDO) on interior oil fields projects.
Stephen said he expected to finish the project within two years.