The Wave project in Muscat starts building of residential properties and marine works.

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18 Apr 2007

At a milestone inauguration ceremony held on the 14th of April, The Wave Muscat, Oman's top tourism and beachfront residential development, announced the commencement of the construction of residential properties and marine works.

With house foundations and infrastructure started on site, and the arrival of additional construction equipment dedicated to the development, The Wave, Muscat considered to be the Sultanate's most prestigious initiative, is now starting to take shape.

The landmark ceremony, attended by Government officials, dignitaries and top officials of The Wave, Muscat as well as officials from one of The Wave, Muscat's key investors, UAE based Majid Al Futtaim Group, and the Omani Pension Fund, was held to celebrate the start of construction of the luxury residential townhouses and villas at the prestigious project under the auspices of H.E. Seyyed Al-Mutasim bin Hamoud Al-Busaidi, Minister of State and Governor of Muscat, and also attended by H.E. Shk. Mohammed bin Abdullah Al-Harthy, Minister of Transport & Telecommunication and other senior officials.

Talking at the inauguration event, H.E. Eng. Abdulla Abbas Ahmed, Chairman of Muscat Municipality and Chairman of the Board of Directors, The Wave, Muscat said: 'We are extremely proud to witness the start of the construction of this most exciting addition to this unique city. We are on course to deliver on our core mission to offer unparalleled investment and lifestyle opportunities at The Wave, Muscat. It is very exciting to see our vision come to fruition. We have assembled a fine team of reputed contractors and conglomerates to ensure the success of the project and we are well on schedule.'

Jeff Rossely, CEO MAF Developments, stated "The diligent process followed in the design, and now in the implementation of our project will create an object of pride for Muscat and will ensure a quantum leap for the Omani tourism sector."

The event celebrated the new construction phases and emphasized the progress achieved at the development. The Wave, Muscat has recently announced numerous contracts amounting to more than US$ 260 million with market leaders Carillion Alawi LLC, Al Turki Enterprises, Al Mashrikia-Travo LLC and Bauer Spezialtiefbau GmbH amongst other contractors, for housing construction and setting up of requisite infrastructure and related support structures. The recent agreements mark a pivotal stage in the development of the project.

The Wave, Muscat is set to become the regional focal point, offering unparalleled prospects to both local and foreign investors with a vast array of modern amenities, accommodation and leisure facilities, including Oman's first sea facing links golf course - the signature course to be designed by renowned golfer Greg Norman.