Sunday 27 May 2018
Wave Muscat

Oman's $3bn property project ‘to pick up pace’

Oman's biggest property project is heading for a recovery after being hit by the global recession, as it benefits from heavy government spending since last year, a senior project official said on Monday. The project, Wave Muscat, will


The Wave Muscat CEO steps down

The chief executive of Oman's $2.5 billion waterfront property development company The Wave Muscat, which is 50 percent owned by Dubai's Majid Al-Futtaim Group, has resigned, an industry source said. "Nick Smith's resignation was accepted


The Wave, Muscat names new COO

The Wave, Muscat has announced the appointment of Stuart Ingram, a real estate veteran, as its new chief operating officer. The Wave, Muscat, is being developed through a joint venture comprising Oman’s Waterfront Investments (represe


Fairmont to build $100m hotel in Oman

Canada-based Fairmont Hotels and Resorts, controlled by Saudi billionaire Prince Alwaleed, signed a deal on Thursday to build a $100 million hotel in Oman. The hotel will be part of the Wave Muscat development, a project which will include

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