Groundwork is underway at Mina Al Sultan Qaboos, the joint venture development project between Dubai property giant Damac Properties and Oman’s tourism development arm Omran.
The $2 billion project will turn the country’s oldest and most historical port into the GCC’s largest waterfront destination.
Mina Al Sultan Qaboos Port is set to play a key part in Oman’s non-oil future and will include hotels, residences, food and beverage, retail and entertainment offerings. The project to enhance it is in line with Oman’s National Strategy for Tourism 2040.
“The redevelopment of Mina Al Sultan Qaboos into an integrated lifestyle destination stems from His Majesty’s vision of transforming the historical centre of commerce in Muscat into a timeless and thriving economic hub,” said Dr. Ali bin Masoud Al Sunaidy, Deputy Chairman of the Supreme Council for Planning, Minister of Commerce and Industry, and Chairman of Omran.
“The first stage of this project aims to set the foundation for the transformation, enhance traffic management, while establishing the necessary framework that will cement local SMEs’ and Omani nationals’ progressive role within the project,” he added.
Damac has already begun the demolition of the port following an approval from Oman’s Ministry of Tourism. Chairman Hussain Sajwani said the firm has moved forward with preliminary work to prepare the port’s conversion into a tourism destination.
The joint venture will also see an on-site discovery centre launched in the first half of 2019. It will be dedicated to sharing the heritage of Muttrah, the area surrounding the port, with visitors while using technology such as virtual reality. The space will also showcase details of the approved masterplan for the waterfront destination.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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