News

The Wave takes shape

Work starts on site.

Construction work on The Wave, Oman’s top tourism and seafront residential development project, has begun as per schedule, with excavation and earthmoving works commencing on site.

The Wave – a joint venture comprising Oman’s Waterfront Investments, representing the Government of Oman, the National Investment Funds Company that represents the Omani Pension Funds and State General Reserve Funds and the UAE’s Majid Al Futtaim Investments – is set to become the regional focal point as it offers unparalleled prospects to Arab and foreign investors with a vast array of modern amenities, accommodation and leisure facilities.
Abdullah bin Abbas bin Ahmed, chairman of Waterfront Investments, said: “Earthwork has begun on The Wave and additional equipment will be pressed into service soon. We are all proud of this milestone as Muscat witnesses the construction of a very exciting addition to this unique city. The project, being built keeping in mind the discerning international and regional tourists, offers incomparable opportunities to investors who are looking for an exciting, authentic new destination.”
Jeff Rossely, group vice-president, Majid Al Futtaim Development, said: “As committed, construction has started on The Wave. The scope of work will be managed by US-based Turner Construction, the recently appointed project and construction managers of the project.”
“Pre-qualification of related construction work on the project will also commence soon. The Wave, which is the first completely integrated residential community here in Oman, will soon join the league of the top residential community projects in the Middle East,” he said.
The initial work will involve infrastructure development and site earthworks, and will be quickly followed by building an 18-hole Oceanfront PGA Golf Course, 500-berth Marina, diverse residential offerings, world-class hotels and commercial space.