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Zubair Corp unveils seafront resort project

Zubair Corp unveils seafront resort project

Muscat: The Zubair Corporation yesterday received a 40 million riyal (Dh380 million) loan intended for the 680-room Barr Al Jissah Resort project, officials said.

"We are expecting an over 50 per cent occupancy rate. We hope to break even in the second year of operations at the resort," said Ziyad Al Zubair of Barr Al Jissah Resort Company.

He spoke following the project finance agreement signing ceremony, held at the resort site yesterday.

The 70 million riyal (Dh665 million) seafront resort is expected to receive its first guests by the end of this year.

Rashad Al Zubair, vice-chairman and group president of the Zubair Corporation, thanked the lending banks Gulf International Bank, BankMuscat, HSBC, Arab Bank and Bank of Dhofar for approving the loan for the resort project.

Maqbool Ali Sultan, Oman's Minister of Commerce and Industry, presided over the signing ceremony. Sultan lauded Zubair Group's effort to give Oman a resort that meets international standards.

"The assistance we have provided to this project, with its impressive magnitude and size, represents clear evidence of the government's commitment to the tourism sector. We are dedicated to making tourism a vibrant and vital sector of the economy," Sultan said.

The Omani minister pointed out the Bar Al Jissah Resort was planned and being built to meet the highest international standards.

The Bar Al Jissah resort will set a fine example, one to be emulated by other domestic tourist destinations, Sultan said.

Hong Kong-based Shangri La Hotels and Resorts Group will operate the Bar Al Jissah Resort. It is being built on a 450,000 square metre beachfront site. A spa, health club, swimming pools, and leisure facilities will be housed nearby.

Out of the 70 million riyals (Dh665 million) needed for the project, the Zubair Group has provided 15 million riyals (Dh142.5 million).

The Government of Oman's share is 10 million riyals (Dh95 million). The Government has also extended a soft loan of five million riyals (Dh47.5 million).
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No renderings yet?
sawadi area ?? you mean, right where the sawadi beach resort is ???
#OMAN: The Blue City' northwest of Muskat, Oman


The Blue City Project is said to be 'On Track'. The 35 sq km Blue City is centred at Al Sawadi on the Omani coast some 100 kilometres northwest of the capital Muscat. It will take 15 years and $15 billion to complete over several phases. Work on the $1.9 billion Phase One is scheduled to start at the end of 2005.

The Blue City is also designed to attract over two million tourists a year to its five-star facilities, just 30 minutes by road from the country's international airport.

"Giving birth to a brand new city is no easy task. But despite the fact that we announced this massive development only in June, we are on track to start work at the end of the year", said Anees Bin Essa Al Zadjali, Chairman of ASIT (Al Sawadi Investment and Tourism Co), Blue City's development company. "Much credit for out steady progress must be given to the many Omani authorities and Ministries with whom we are working very closely. We have made great strides towards meeting our goals on schedule and there will be news of our achievements most weeks between now and the end of December," he added.



Planning a visionary, vibrant, modern yet subtle development for 250,000 people is complex and delicate. The blue City is not just a real-estate project. It will create a whole new community, meeting all the needs of its residents to include education, health, communications, shopping and entertainment facilities.

A key element of the planning for the Blue City has been for the visionary designers and builders to meet Oman's stringent environmental requirements. Internationally-renowned companies have been brought in to provide environmental studies and vital initial strategic reports have already been prepared and submitted.

Protecting the Environment is Key

The environmental effects of Blue City's land-based construction have been studied by the international consultants WS Atkins International & Co and a strategic Environmental Impact Assessment (EIA) study was submitted at the end of October. An initial 'Scoping' study had been commissioned earlier and was completed in July. Throughout its research, WS Atkins worked closely with Oman's Ministry of Regional Municipalities Environment and Water Resources (MRMEWR) to determine the core issues surrounding implementation of Phase One.

"The potential impacts on the physical and social environment of a major scheme like Blue City are significant and have to be closely managed. The Atkins team have drawn upon their global and local experience to inform the project team and to assist in the development of strategies which will aim to place environmental mitigation at the centre of the design and construction process," says Roger Nickells, Resident Director of Atkins in Oman.

Phase One of the Blue City development includes a coastal frontage of 16 sq km and a number of environmental studies are being undertaken by the specialist consultancy Posford Haskoning Environment Gulf (PHE_Gulf) of Bahrain and their U.K. partners Royal Haskoning. PHE_Gulf was appointed on 1st August and an initial study and modeling to determine the wave and current modeling and the sedimentation impact of the shoreline has already been completed.

Frank Fortune, General Manager of PHE Gulf said, "PHE Gulf is excited to be involved in such an ambitious project. Together with specialists from Royal Haskoning in the UK we are working on water circulation, sediment transport, wave action and water quality aspects of the development. We are also looking at ways in which some of the existing natural heritage at the site, particularly the Khawr and mangrove beds, can be integrated into the wider Blue City development."

Underpinning the whole project has been to hammer out the details of a unique Concession Agreement between the project developers and the Omani authorities. The hundred-plus-page document is a first for the region as there has never been such an agreement between a wholly private real-estate company and a local government. And the agreement provides ground-breaking advantages for truly freehold ownership of property for foreigners and where the inheritance laws of the owners' home country will apply.

Phase One

Phase One focuses on 5.5 sq km and includes strategic seed investments in the tourism and residential sectors and all related technical and social infrastructure.

o Three five-star hotels, each with approximately 200 rooms, private beaches, marinas and comprehensive sports, leisure and wellness facilities will be located along the beachfront. Negotiations are underway with world-renowned hoteliers and the first hotel-operation agreement will be announced by the end of the month.

o One golf resort hotel will be located within a double 18-hole championship golf course laid out along the Creek. Details of an agreement setting up the Middle East's first natural beachfront signature golf course are soon to be released.

o A tourist village, with a contemporary Arabian souq and almost 1,000 apartment units and a heritage museum embrace the opposite side of the creek.

o Approximately 1,200 villa/apartment units will be integrated in the Golf Course Park.

o Several public and semi-public attractions will complement the tourism and entertainment program of Phase One, including a waterfront amphitheatre at the tip of the triangular peninsular blessed by spectacular natural scenery.

In all, 6,000 residential units will be built over this area and the complex negotiations with many contractors are a continuing feature of getting this project underway and on schedule.
Can we have some news of the project plese :)
250,000?
can they really fill all that up with residents let alone tourists?
I think its a project for the next 30 years not 15..
if they purposely ship them in from all around the world just like israel, thatll do the job :lol:
source26 said:
250,000?
can they really fill all that up with residents let alone tourists?
I think its a project for the next 30 years not 15..
Good work for Oman. In my opinion countries like Oman, Yemen, Saudi Arabia, Somalia, Ethiopia, etc have a LOT of potential for improving their facilities, economically, financially, touristically, and socially...

Good job, and maybe they can expand Seeb International airport for the traffic. The Omanis deserve it :)
Somalia? :?
Kuwaiti said:
Good work for Oman. In my opinion countries like Oman, Yemen, Saudi Arabia, Somalia, Ethiopia, etc have a LOT of potential for improving their facilities, economically, financially, touristically, and socially...
In other words these countries are generally underdeveloped in all these areas..!
Kuwaiti said:
In my opinion countries like Oman, Yemen, Saudi Arabia, Somalia, Ethiopia, etc have a LOT of potential for improving their facilities, economically, financially, touristically, and socially
most often its because of corruption...
B-Patriot said:
In other words these countries are generally underdeveloped in all these areas..!
well we want jews to live in their homeland, just one tiny one that is, in contrast to 60 muslim countries..
ahmed_s said:
if they purposely ship them in from all around the world just like israel, thatll do the job :lol:
Too little to late i think. Oman has natural beauty and the last thing they need are these stupied project to bost its tourism industry. They need to look within and develop what they have not try to copy what everyone in the neighbourhood is doing.
#OMAN: OMAN Airport Development

Hi to everybody!!!
Here comes another country in to the race of the Airport development. A new greenfield airport is expected in Sohar and many more are planned.
Let´s chat about it!!! :)
THAT´S GREAT NEWS, have you got any pics or more info on these projects? I would loe to visit Oman one day
Sohar

I heard about a new greenfield airport in Sohar, and I know there are plans for more airports and the upgrading of all facilities but still not much information or pictures. I hope to visit Oman soon.
#OMAN: The Largest Project In Gulf in Oman

The Wave

With a site area of approximately 2.5 million square metres and a planned unit count totaling more than 3,000 residences, you’ll assuredly find your primary home, holiday retreat, or an opportunity to add to your investment portfolio at The Wave, Muscat.











www.thewavemuscat.com



The Blue City


The Sultanate of Oman's largest real estate project - an estimated investment volume of more than 15 billion US dollar - will start rising in October. "Al Madina Al Zarqa - The Blue City", a completely new city with many luxury hotels for at least 200,000 citizens. ,,This is definitively the most important and largest urban project in the Sultanate of Oman. The Omani Government appreciates the cooperation with the Al Sawadi Investment & Tourism Company LLC. (ASIT) and has assured them of their utmost support and cooperation in the creation of this spectacular development", says a speaker of the Omani Government

The large, triangular site of “The Blue City” is located at AL Sawadi and covers 34 sq. km. The site is about 30 minutes driving distance northwest of Seeb International Airport and 45-60 minutes (90 km west) of Muscat. Driving distance to Dubai is approximately 3-4 hours by car. The closest town is Barka, approximately 10 km to the east.





















www.thewavemuscat.com
cant copy the pictures, its a flash-site but saw the project and its beautifull!
i think we have our first omani forumer! :) welcome to ssc al-balushi!
Woot nice, albalushi, Go the middle east.

P.
welcome to the forum :D
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