Built to inform

Sign up for the daily newsletters

No, Thank you
Lead Text: 
Phases 1 and 2 of Barka Marina will open in 2021, with the final stage to open in 2022

Oman has laid the foundation stone for its Barka Marina project, a 11.5ha development that is valued at $130m (OMR50m). As part of the construction programme, deep foundations in commercial areas of the scheme are 70% complete.

Located on a land plot spanning 134ha, the project has a building area of 10.5ha, of which 4ha is leasable space for 450 planned commercial units. Stages 1 and 2 of the project will open by 2021, with the third phase due to be ready in 2022.

Service, commercial, tourist, and entertainment facilities will be developed within Barka Marina.

READ: 86% of UAE and Oman CEOs believe AI will create – not destroy – jobs

Sheikh Hilal bin Said al-Hajri, governor of South Al Batinah, attended the foundation stone ceremony with Dr Hamad bin Said al-Oufi, undersecretary of the Ministry of Agriculture and Fisheries. Nasser bin Salim al-Siyabi, executive vice president of Falcon Investments, also attended the event, according to ONA.

This July, a report by BMI Research stated that Oman’s construction sector would grow faster than its regional counterparts, expanding by 10.4% in 2018 and 11.5% in 2019. This is higher than the regional growth average of around 7% predicted for each year.

However, the Omani construction sector’s output dropped by 12.6% in Q1 2018, despite an increase in the sultanate’s gross domestic product (GDP) for the period. Oman’s GDP grew by 6.5% in Q1 despite output declines posted by the construction and service sectors.

Article Context: 
News
Story Relations: 
Omani contractor to build $18m chicken breeding hub
86% of UAE and Oman CEOs believe AI will create – not destroy – jobs
Oman to lay foundation stone for PPP housing project
Media Embed: 
Published Date: 
Wednesday, October 24, 2018 - 08:48
Parent Source id: 
0
Modified Date: 
Wednesday, October 24, 2018 - 08:48
Extra Data: 

[{"id":"269","name":"NEWS","parent":"0","menu":"1","UniqueName":"news"},{"id":"280","name":"Projects","parent":"-1","menu":"1","UniqueName":"projects"},{"id":"54846","name":"barka construction","parent":"0","menu":"0","UniqueName":"barka-construction"},{"id":"54845","name":"barka construction progress","parent":"0","menu":"0","UniqueName":"barka-construction-progress"},{"id":"54844","name":"barka construction projects","parent":"0","menu":"0","UniqueName":"barka-construction-projects"},{"id":"54834","name":"barka marina","parent":"0","menu":"0","UniqueName":"barka-marina"},{"id":"54835","name":"barka marina oman","parent":"0","menu":"0","UniqueName":"barka-marina-oman"},{"id":"54838","name":"barka oman","parent":"0","menu":"0","UniqueName":"barka-oman"},{"id":"54636","name":"construction business news","parent":"0","menu":"0","UniqueName":"construction-business-news"},{"id":"51233","name":"construction news","parent":"0","menu":"0","UniqueName":"construction-news"},{"id":"2197","name":"Construction Week","parent":"0","menu":"0","UniqueName":"construction-week"},{"id":"54847","name":"construction week midlde east","parent":"0","menu":"0","UniqueName":"construction-week-midlde-east"},{"id":"50333","name":"construction weekly","parent":"0","menu":"0","UniqueName":"construction-weekly"},{"id":"26432","name":"ConstructionWeekOnline","parent":"0","menu":"0","UniqueName":"constructionweekonline"},{"id":"997","name":"marina construction","parent":"0","menu":"0","UniqueName":"marina-construction"},{"id":"50355","name":"middle east construction news","parent":"0","menu":"0","UniqueName":"middle-east-construction-news"},{"id":"54842","name":"oman building projects","parent":"0","menu":"0","UniqueName":"oman-building-projects"},{"id":"46742","name":"oman construction awards","parent":"0","menu":"0","UniqueName":"oman-construction-awards"},{"id":"54841","name":"oman construction growth","parent":"0","menu":"0","UniqueName":"oman-construction-growth"},{"id":"54843","name":"oman construction progress","parent":"0","menu":"0","UniqueName":"oman-construction-progress"},{"id":"36748","name":"oman construction projects","parent":"0","menu":"0","UniqueName":"oman-construction-projects"},{"id":"8842","name":"Oman construction sector","parent":"0","menu":"0","UniqueName":"oman-construction-sector"},{"id":"42807","name":"oman construction tenders","parent":"0","menu":"0","UniqueName":"oman-construction-tenders"},{"id":"54840","name":"oman falcon investments","parent":"0","menu":"0","UniqueName":"oman-falcon-investments"},{"id":"54848","name":"oman latest news","parent":"0","menu":"0","UniqueName":"oman-latest-news"},{"id":"54837","name":"oman marine projects","parent":"0","menu":"0","UniqueName":"oman-marine-projects"},{"id":"39610","name":"oman ministry of agriculture and fisheries","parent":"0","menu":"0","UniqueName":"oman-ministry-of-agriculture-and-fisheries"},{"id":"51505","name":"oman news","parent":"0","menu":"0","UniqueName":"oman-news"},{"id":"19827","name":"oman projects","parent":"0","menu":"0","UniqueName":"oman-projects"},{"id":"54836","name":"oman waterfront projects","parent":"0","menu":"0","UniqueName":"oman-waterfront-projects"},{"id":"54839","name":"oman wilayat of barka","parent":"0","menu":"0","UniqueName":"oman-wilayat-of-barka"}]

Countries: 
Company Relations: 

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week Middle East 11th Jan 2020
Jan 16, 2020