Project / Tender - Complete Information

This project involves development of Al Nakheel Integrated Tourism Complex (ITC). It is characterised by a natural and calm location on the beach of Al-Rumais, which is close to the Governorate of Muscat, the City Center of Barka and other urban centres. The project aims to create a tourist destination in the Wilayat of Barka that is attractive to citizens, residents and tourists coming to Oman. The development will include international hotels, villas, townhouses, apartments, a lagoon promenade and a traditional mixed-use souk, a shopping mall, an aqua park and a school. The units will be available for freehold by Omanis and foreigners. The project, which will stretch over about 500,000 square meters with the usufruct right, has 833 meters of waterfront overlooking the Sea of Oman. The 35,000 square meter man-made Crystal Lagoon that will be located in the middle of the project will act as a hub for the entertainment activities and the reference point around, which the project�s components will be constructed. The property is located approximately 4.2 kilometers from the Al Naseem roundabout and directly adjoining the sea to the northern boundary. Client will sign an agreement on April 24, 2017 with Palm�s Beach Company to develop the tourism complex. The property is considered to be a prime location, which is suitable for tourism and/or commercial/residential development. 

 

Bank Nizwa has signed an agreement with Palm Beach LLC for this project. Bank Nizwa financing will be extended for the development of Phase 1A the Project, development of which will commence in 2022.

 

Project is currently under design stage.

 

Oman-based Alargan Towell Investment Company is set to start work on Phase One of this project. 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 as well as an aqua park. The complex is being developed in a mixed-use resort style with a host of leisure amenities including a lagoon promenade, 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. It will also boast commercial properties including a traditional mixed-use souq and a shopping mall. This project will be ready in 10 to 15 years offering a total of 1,436 residential apartments, villas and town houses to both citizens and expatriates.
During 2022 the construction works will start in Phase 1 (A) of the project, which includes the internal roads and infrastructure of the project, the Crystal Lagoon with its recreational facilities, a four-star hotel with 188 keys, a traditional souk, apartments and residential villas.

 

The project is still understood to be on hold.

 

Project is still on hold.

 

It is understood that the project is currently on hold. 

Project is under planning. The construction works for the first phase of the development is expected to begin in 2018. It will include the project’s infrastructure, the Crystal Lagoon, 4-star hotel with a capacity of 125 rooms, 185 hotel apartments, traditional souk, 582 units of apartments and villas. As the area in which the project is located lacks the necessary basic infrastructure services, the company will install electricity and water supplies, and will also build a bridge and road connecting the new Al Batinah Coastal Road with the project will also serve the needs of all the residents living in the area.