Consolidated Contractors Company Oman (CCC) has been selected as the general contractor for Oman’s Omagine project.

CCC, the Omani subsidiary of Consolidated Contractors Group SAL, will be responsible for all construction activities for the Omagine Project, a 300-acre residential and entertainment complex planned in Oman.

'With CCC, we have a contractor with a very strong reputation, a successful history of high-quality construction -- on time and within budget -- and a very active presence in Oman,' said Frank J Drohan, president of Omagine and of its subsidiary Journey of Light (JOL), which is the majority owner of the project.

Drohan said an investment arm of CCG and another Omani financial investor will each become minority equity shareholders of Omagine SAOC, the company that is currently being formed in Oman by JOL to build, own and operate the Omagine Project. The company -- through its 100 per cent ownership of JOL -- will own 70 per cent of the project company's equity.

Consolidated Contractors Group SAL (CCG) is a worldwide organisation with $5 billion in revenue and employs approximately 125,000 people.

The announcement is the second in a series of major events anticipated in the next few weeks, culminating in the final step needed to begin construction -- the signing of a Development Agreement with the Government of Oman, said a statement.

'We identified CCG early on as a potential partner who could handle the scope of this development and the rapid nature in which it is unfolding,' Drohan said. 'They can mobilise the very substantial manpower and equipment resources required almost immediately and they have the capability to execute high quality work quickly and efficiently. We are proud to be working closely with one of the most prominent contractors in the Middle East to bring to life one of the most forward-looking projects in this region today,' he said. 

The Omagine project is an integration of cultural, heritage, educational, entertainment and residential components. As presently planned, Omagine will be located on 1.2 million sq m of beachfront land facing the Gulf of Oman just west Muscat and near Oman's International Airport.

The Omagine project also includes the construction and sale of approximately 3,300 residential housing units including luxury villas, townhouses and apartments in addition to 450 serviced apartments and 150 employee apartments. The project is expected to take between four and five years to complete. – TradeArabia News Service