Damac reveals tender updates for Oman's $2bn Mina Al Sultan Qaboos
The first package for the Damac-Omran project will be tendered this month, with ground set to break in November 2019
More than 100 firms have shown interest in construction and installation packages for UAE real estate company Damac Properties’ Mina Al Sultan Qaboos project in Oman, with the first package to be tendered in July and ground set to break on the development – backed by Oman Tourism Development Company (Omran) – in November 2019.
According to a Damac statement, prequalification for main construction packages for the $2bn (OMR770m) waterfront project has been completed, with companies shortlisted to carry out various activities for the project.
The developer said the memorandum of understanding (MoU) and shareholders agreement for the project had been signed, with final discussions with ministries regarding a project development agreement under way.
Project teams have also coordinated with 22 existing tenants of the Mina Al Sultan Qaboos port, six of which have been identified and relocated to other “suitable places”.
The developer has also secured approval from the Royal Oman Police to implement the construction phase – a move that will isolate the construction area from the port operations area.
Damac was chosen by the Omani government to develop Mina Al Sultan Qaboos into a waterfront mixed-use destination through a joint venture with Omran.
Demolition work for the project began after its masterplan was approved by Oman’s Ministry of Tourism, with the joint venture preparing sub-surfaces for Phase 1 of the construction scheme in November 2018, as reported by Construction Week at the time.