Oman: Construction of The Wave starts
Construction work on The Wave, Oman’s top tourism and seafront residential development project, has started as per schedule. With excavation and earthmoving works commencing on site, The Wave, considered to be the Sultanate of Oman’s most ambitious initiative, has started to take shape.
The Wave is a joint venture comprising Oman’s Waterfront Investments, representing the Government of the Sultanate of Oman, the National Investment Funds Company that represents the Omani Pension Funds and State General Reserve Funds and the UAE’s Majid Al Futtaim Investments.
Abdullah Bin Abbas Bin Ahmed, President of Muscat Municipality and Chairman of Waterfront Investments, said: “Earthworks have begun on The Wave and additional equipment will be pressed into service soon. We are all proud of this milestone as Muscat witnesses the construction of a very exciting addition to this unique city. The project, being built keeping in mind the discerning international and regional tourists, offers incomparable opportunities to investors who are looking for an exciting, authentic new destination.”
Jeff Rossely, Group Vice-President, Majid Al Futtaim Development, said: “As committed, construction has started on The Wave. The scope of work will be managed by US-based Turner Construction, the recently appointed project and construction managers of the project.”
"Prequalification of related construction work on the project will also commence soon. The Wave, which is the first completely integrated residential community here in Oman, will soon join the league of the top residential community projects in the Middle East,” he added.
The initial work will involve infrastructure development and site earthworks, and will be quickly followed by building the 18-hole Oceanfront PGA Golf Course, 500 berth Marina, diverse residential offerings, world class hotels and commercial space.
It is worthnoting that the Wave is being developed through a joint venture consisting of Oman’s Waterfront Investments (representing the Government of the Sultanate of Oman), National Investment Funds Company (representing the Omani Pension Funds and State General Reserve Funds), and the UAE- based Majid Al Futtaim Investments.
The Wave will occupy a beachfront of more than 7 kilometers, across a total area of 200 hectares. The project when completed will include a world-class Golf Course, Marina, sea-facing villas and apartments and several unique hotels with different themes. Various exciting retail and restaurant outlets will also be offered at the marina, golf course and seaside.