GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel and Tourism

 
  Share

JV between OMRAN and DAMAC International paves way for region's largest waterfront transformation 

Dubai, UAE – 08 November 2018: Groundwork is now underway at Mina Al Sultan Qaboos (MASQ), annouced DAMAC International today, the strategic partner to the joint venture with Oman Tourism Development Company (OMRAN), the government's tourism development arm. The transformation of the historical port into a USD 2 billion integrated waterfront destination, which includes hotels, residences, food and beverage, retail and entertainment offerings, is inline with the National Strategy for Tourism 2040.

Since the intial announcement of the joint venture, extensive project planning and place making research for Muttrah, the district that surrounds MASQ, has been undertaken. This included third-party studies, technical evaluation and traffic flow analysis. After the masterplan was granted approvals from Oman's Ministry of Tourism, demolishment began as the joint venture prepared sub surfaces for the first phase of construction.
 
“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 & 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.” 

 “As we pave the way forward, and redefine urban development in the Middle East, DAMAC once again confirms its commitment to developing a world-class destination in Muscat,” said Hussain Sajwani, Chairman of DAMAC and the joint venture of the MASQ development. “Working closely with local stakeholder, and after extensive planning which included architectural studies and technical due diligence, we have moved forward with the preliminary work that will prepare the port's conversion into a premium tourism destination.”

The joint venture also announced plans to house an on-site discovery centre by the first half of 2019. The space will enrich visitors' experience with the heritage of Muttrah, while leveraging technology tools, such as virtual reality gear, to explore the community's rich past and its visionary future. The centre will also showcase details of the approved masterplan for the waterfront destination.

DAMAC was selected as the strategic partner of the joint venture due to its successful track record in developing world-class residential and leisure projects in the Gulf and around the world. DAMAC's extensive portfolio of luxury homes, hotels and international golf courses in its home market of the UAE, Middle East and the United Kingdom, make it the ideal partner for establishing an integrated community-based destination that will attract global interest.



Posted by : GoDubai Editorial Team
Viewed 5978 times
Posted on : Thursday, November 8, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Looking to Fund Your 2019 Vacation? Here's How!
Next Story : Russian visitors to GCC to increase 125% by 2023
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Sukin's Purely Ageless, Skincare that Delivers Results
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign
Flaunt your gravity-defying hairstyles to become the face of our brand
Linda Meredith Luxury Skincare Now at Coya Spa, Mirdif
City of gold celebrates the joy of new year with amazing wins this Dubai Shoppin...
Start 2019 in Style with Amazing Offers at VK Beauty Lounge & Bar
Ode to a Golden Era: The Exquisite Retro Style Manero Flyback
Facial Peels – What Are They?
St. Valentine's Day
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment B...
Tonda Metropolitaine Sélène Moon Phase Watch
Morison Menon strategically integrates with Kreston International and rebrands ...
New Lamborghini Huracán EVO: elevation of technologies for amplified drivin...
Start the Year with some TLC and enjoy the fantastic offers at The SPA at Steige...
Corum Heritage Eleganza- A luxury feminine piece
Celebrate Valentine's Day with GUESS
Hask's Winter Care for Your Hair
Gharib Lands Al Shira'aa Double As One-Star Event Comes To A Close
Tissot Chemin des Tourelles
Rolls-Royce Motor Cars Achieves Historic Business Record
With consumers spending more than 50% of data on digital entertainment and media...
Malabar Gold & Diamonds' new showroom in Karnataka, India
This DSF, every INFINITI customer wins it big with Arabian Automobiles
Trend Alert: Stay Timeless and Classy With a D1 Milano Timepiece
Nokia 8 Sirocco blends premium craftsmanship and latest innovation with Android™...
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote
Continental Commissions First Driverless Tyre Test Vehicle
Hankook 24 Hours of Dubai kicks off the 2019 season for Audi
Joyalukkas Shopper wins BMW Car in the ongoing DSF Mega Promotion
Takara, Roll of the Month at Sumo Sushi & Bento!
19 reasons to fly with British Airways in 2019
HP Opens CES 2019 with Stunning Displays, PCs and Security Innovations
Malabar Gold DSF Winner Photo for Release - Babul Hussain
du Presents ‘Coach Career Award' to Fabio Capello On One of Football's Most Pres...
Arabic calligraphy to play a star act in Mughal-e-Azam: The Musical
Eberhard & Co. Main Sponsor of Winter Marathon 2019
Samsung Smart TVs to Launch iTunes Movies & TV Shows and Support AirPlay 2 Begin...
Epson to participate at SGI 2019 for the 10th year highlighting high value solut...
Kalima Reading Club Organises Panel Discussion On La Rochefoucauld's ‘Reflection...
Abu Dhabi University's newest building to be named in honor of ‘Umm Al Emarat'
Dubai Customs participates in “Saving Digital Customs in the Arab World” Confere...
Young Al Owais Ends Al Shira'aa One Star With Victory
Shane Breen Wins Grand Prix Qualifier at Al Shira'aa International Horse Show fo...
UAE Team Emirates Kick Start 2019 With a New Squad, New Kit and New Ambitions
Bring out the Chef in your little ones at 800 Degrees Pizzeria
Smart City Services at Silicon Park Reach Advanced Level of Completion
UAE tap water is safe to drink – just keep storage tanks clean
Al Wahda Mall thrilled to announce launch of new outlets
US delegation visits Dubai to review its real estate experience
Showjumping Stars All Set For Third Al Shira'aa International Horse Show®