Oman-based Alargan Towell Investment Company is set to start work on Phase One of its mixed-use development, Al Nakheel Integrated Tourism Complex (ITC), featuring hotels, residential villas and townhouses in addition to a lagoon promenade, traditional souq and an aqua park, said a report.
To be developed in three phases over nine years, the project will include an artificial lake covering 35,000 sq m and an entertainment centre, said an Oman News Agency (ONA) report.
The complex is being developed in a mixed-use resort style with a host of leisure amenities, three international hotels with a total of 530 keys as well as residential properties - with a mix of 259 villas, 55 townhouses, 266 apartments and three serviced apartments buildings with 476 units.
Alargan Towell Investment Company said the Al Nakheel ITC project will be ready in 10 to 15 years offering a total of 1,436 residential apartments, villas and townhouses to both citizens and expatriates, said the ONA report.
Speaking at the Phase One launch, the Omani developer said the scope of work includes construction of a crystal lagoon along with other recreational facilities, a 188-key four-star hotel and a traditional souq in addition to several apartments and residential villas as well as internal roads and other infrastructure works.