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Khamis Al Hashar (left) and Thomas at the signing ceremony.

Renaissance awards Duqm housing contracts

MUSCAT, October 1, 2014

Oman-based Renaissance Services, a multinational company, has awarded two main construction packages to S&T and Al Hajiry for the Duqm permanent accommodation for contractors (PAC) project in Oman.

With RO100 million ($259 million) of investment, Renaissance Services and its partners believe the accommodation project shows the world how well Oman takes care of its blue collar workforces in remote locations, said Stephen Thomas, CEO at Renaissance.

Duqm PAC is an ambitious project of national importance, which will be part-owned by local community investors and Omani pension funds. The size of the design, for over 16,000 residents, gives more to customers for every dollar, Thomas added.

“Duqm is an important part of Oman’s long-term vision, and people know how excited Renaissance Services are to get the private sector behind national ambition through the Duqm PAC,” Thomas said.

“Together, we have created a commercially exciting project, which meets the tough Renaissance test: Safe, Efficient, Green and Local. Our services business is on track to double revenue and profit over the next two to three years, and the Duqm PAC project has a part to play in that growth.” – TradeArabia News Service




Tags: Duqm | Accommodation | Renaissance |

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