Start of Duqm Frontier Tower Phase 2 imminent
Development part of Special Economic Zone
Developers are preparing to start the second phase of the Duqm Frontier Town project.
The development, part of the ambitious Special Economic Zone (SEZ), is considered a critical component of the social infrastructure necessary to sustain the area’s long-term success.
It is being implemented by Duqm Development Company (DDC), a joint venture of Omran (the wholly government owned tourism investment and development entity) and Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea.
Phase 2 of the Frontier Town will be implemented with an investment of approximately $155mn (RO60mn), said Ibrahim al Hosni, deputy CEO of Duqm Development Company, in the Oman Daily Observer.
When complete, in three to five years, it will offer executive-class residential accommodation for senior management staff of companies setting up operations within the SEZ, Al Hosni said on the sidelines of the Oman Construction Summit 2014 that was held at Crowne Plaza Muscat earlier this week.
“We are now in the planning stages for Phase 2, with the design and master-planning set to start soon. Set on 29 hectares, this phase will offer around 500 villas, and is thus much larger than the first phase offering of 344 residential units built on 23 hectares of land,” Al Hosni said.
Phase 2 will also feature a modern hospital and international school, according to the official. “We have already signed an agreement for a first class hospital to be established in this phase. Construction work on this facility will start before the end of this year. Additionally, we have signed a Memorandum of Understanding (MoU) for the development of an international school, while a shopping mall is planned as well. All of these amenities are designed to ensure a community environment that will attract people to come to live and work in the SEZ, in line with the government’s vision for Duqm,” he added.
DDC was set up in April 2010 with a capital of $259mn (RO100mn) to establish an urban residential community to serve the housing needs of the SEZ’s executive workforce and their families.
Phase 1, which also includes a clubhouse, swimming pools, health club, indoor sports hall, and other amenities, was handed over to Oman Dry-Dock Company in May 2013 for exclusive use by its management executives.
Phase 2 of the residential scheme, comprising a mix of fully furnished townhouses, villas and apartments, will be primarily offered to senior management staff of companies either currently in operation in Duqm or preparing to move into the SEZ.
“This phase will be targeted at management staff of the Duqm refinery project, the SEZ Authority of Duqm, Port of Duqm Company, and new staff of Oman Dry-Dock Company. We are in discussion with all of these potential clients,” Al Hosni stated.