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The Wave takes shape.

Asia Africa Intelligence Wire

| May 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Gulf Construction)

Muscat 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 ...

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