Tuesday, November 22, 2016

Oman to transform Seeb area into tourist hub

Oman's Minister of Tourism Ahmed bin Nasser Al Mihrizi has signed an agreement with Orascom Development Holding to transform the Seeb area of Muscat into a tourist hub. The deal was signed for a 47,499-sq-m City Walk in Seeb - a multi-million-dollar beachfront commercial city complex - and is expected to include a five-star hotel with 123 rooms and 76 shops;

A suq with 110 shops, 47 restaurants and 23 offices; and an events centre and serviced apartments with 42 apartment units, a shop, a café, three restaurants, a cinema and a multi-purpose hall. Work on the project has already begun and is expected to be completed in five years. - TradeArabia News Service

Kuwait awards $3.4bn project contracts in Q3

Kuwait’s projects market has maintained its relatively healthy momentum in the third quarter with the government awarding infrastructure contracts worth KD1 billion ($3.4 billion), up 15 per cent over the previous quarter, said a report ahead of a industry event. Meed’s12th Kuwait Projects forum will be held on November 28 at Regency Hotel in Kuwait City with support from Kuwait’s Ministry of Electricity and Water.