- Muscat, the capital of Oman announced a new project worth USD1.3 billion to begin construction before the end of 2024.
- Zaha Hadid Architects are designing 38,000 square meters of the project.
- Al Khuwair downtown project is one of the biggest investments in urban development the country has made in recent years, with a budget of USD1.3 billion and a marketing budget of USD8 million.
Al Khuwair Downton and Waterfront Development Project, estimated at USD1.3 billion.
The project is already agreed upon and plans to start construction before the end of 2024 are already set in stone according to the Ministry of Housing.
The project is set to span around 3.6 million square meters, which amounts to a surface area larger than Muscat International Airport.
The task of designing the 38,000 square meter section of the project will be handled by Zaha Hadid Architects, in legacy of Zaha Hadid.
The firm is partnering with the real estate and investment firm CBRE in the project design while the Ministry partnered with Al Tawoos for the development of a mixed-use tower.
The Ministry has announced that Al Khuwair Downtown will host a cluster of buildings, 40 floors high.
The project was allocated a budget of USD8 million to support the brand identity and cover marketing expenses.
Al Khuwair Downtown and Waterfront Development Project is one of the biggest investments of urban initiatives announced by the Ministry of Housing and Urban Planning in recent years.
Quotes from Muscat:
Dr Khalfan bin Said al Shueili, Minister of Housing and Urban Planning, stated, “We are partnering with local and international investors to present developments about our future projects.”
He added “The urban projects align with the Oman 2040 national development strategy aimed at turning the ambitious vision for urban development into reality. “
He finished with “Careful planning, international expertise and comprehensive collaboration are central to the approach.”
