Site preparation work on The Wave, Oman’s top tourism and seafront residential development project, would start this May, announced Eng. Abdullah bin Abbas bin Ahmed, president of Muscat Municipality and chairman of Waterfront Investments, the government’s representative in the project.
The Wave, which will be set up along a beachfront of 7.3km just west of the capital Muscat, 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.
Mr. Peter Walichnowski, Chief Executive Officer of Majid Al Futtaim Investments (MAFI), said: “As we look forward to the start of the first phase of The Wave project , we will shortly be announcing the appointment of the project management consultants and the sales & marketing agency to join the development team. With Oman’s tourism industry on the threshold of an exciting era, all the partners are committed to making The Wave a true success story and to the ambitious timeline agreed. For this we will be working with best in class consultants and service providers. ”