Oman’s capital of Muscat is set to get an expansive $1.3 billion waterfront development, designed by globally renowned Zaha Hadid Architects (ZHA).
Oman’s capital of Muscat is set to get an expansive $1.3 billion waterfront development, designed by globally renowned Zaha Hadid Architects . The 3.3 million square-meter Al Khuwair Muscat Downtown and Waterfront development will include a residential complex, a marina, a cultural district, numerous canal walkways and a ministerial campus. Work is set to start at the end of this year and the area is expected to house more than 60,000 people when completed.
Oman’s economy has long depended on oil, but it is now investing heavily in real-estate projects to drive more foreign investment, and ultimately boost non-oil revenues, part of the country’s National Vision 2040 strategy. In Muscat, the population is projected to increase from 1.5 million to 2.7 million by that year. “There are a lot of changes,” Dr. Khalfan bin Saeed bin Mubarak al-Shueili, Oman’s Minister of Housing and Urban Planning, told CNN.
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