Tenders due for Oman's Ryad Al Sawadi in Sept

Tenders for the US $114 million (OMR44 million) Oman-based Ryad Al Sawadi project will be invited in early September, according to Ali Al Rahma, CEO of Eqarat.com, the development's sales agency.

Arabian Guilf Gate is the developer of Ryad Al Sawadi
Arabian Guilf Gate is the developer of Ryad Al Sawadi

Tenders for the US $114 million (OMR44 million) Oman-based Ryad Al Sawadi project will be invited in early September, according to Ali Al Rahma, CEO of Eqarat.com, the development's sales agency.

Omani property developer, Arabian Gulf Gate (AGG), is developing the Marrakech-inspired community project, which will be located in the coastal plains of Barkaa state in Oman.

Enveloped within the coastal countryside 40km from Muscat, Ryad Al Sawadi will consist of 190 three- and four-bedroom villas in addition to a service block, which is set to offer 90 furnished apartments, a retail area, a gym and health spa, various restaurants, and gardens and parks amidst the area's natural valleys.

Speaking to Construction Week at Cityscape Abu Dhabi 2008, Al Rahma said: "We will invite contractors to bid for the project in September, which will be followed by an award at the end of the year. We plan to begin construction in December this year.

"The project is Moroccan themed and we actually spent a lot of time in a similar development in Marrakech, living there and experiencing the ins and out of the day and then we decided that this would be perfect for this development," said Al Rahma.

He added that the company was primarily looking for local Omani contractors to bid for the project. The project will take around 24 months to be completed.

The consultant on the project is Tride Oman and the concept design has been done by Dubai based design group, Concepts. Arabian Gulf Gate is also on the lookout for an Oman-based project manager.

The Omani Government is seeking to gradually reduce the country's dependence on oil by funnelling investments into the rapidly developing tourism and real estate sectors.

The country's significant growth continues to attract multinational and domestic investors and companies, thereby creating a massive demand for built up space.

Another recently-announced development in Oman is Salam Yiti, which is an integrated residential resort between Oman's Al Hajar Ash Sharqi Mountains and the Yiti beach.

The development covers 4.2 million m² of land and climbs as high as 140m above sea level. Salam Yiti is located around fifteen minutes drive from Muscat.

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