Contracts Awarded for AIDA Phase 1 Construction: Implications for Investors and Entrepreneurs in Oman
MUSCAT: Dar Global, a luxury real estate developer listed in London, has announced the awarding of the main construction contract for the villas in the first phase of AIDA, a significant urban development project in Oman. This achievement highlights Dar Global’s ambition to create a premier real estate destination in the country, collaborating with esteemed partners to deliver unparalleled luxury and value.
AIDA is a joint venture with the Omran Group, Oman’s foremost organization for tourism development. The project blends luxury golf, residential, and hospitality features. Scheduled for completion of its first phase in 2027, AIDA is strategically positioned by the sea, at an elevation of 130 meters above sea level, providing stunning sea views that integrate with the cliffside landscape.
The main construction contract for Phase 1 villas has been awarded to Towell Construction & Co LLC, valued at RO 14,242,810. Towell Construction will manage the building of the townhouses and villas, ensuring high-quality standards and meticulous attention to detail.
Additionally, the contract for the infrastructure work for AIDA’s first phase has been awarded to Oman Shapoorji Company LLC. With a contract value of RO 9,345,653, this agreement covers the design and construction of essential infrastructure, including roads, water and electricity networks, utility installations, drainage, and sewage systems. These developments are designed to meet optimal technical standards, complementing AIDA’s luxury offerings and supporting its planned residential and commercial areas.
Ziad El Chaar, CEO of Dar Global, remarked, "The villas will represent luxury and exclusivity, featuring modern designs and premium finishes that beautifully align with AIDA’s unique natural surroundings and topography. This contract is a significant step in our mission to provide a world-class living experience at AIDA, reflecting our commitment to enhancing Oman’s residential market while strengthening our portfolio of luxury developments globally."
He added, “The announcement of the infrastructure contract is a crucial milestone in realizing our ambitious vision for AIDA. We look forward to advancing these key phases of the project, which exemplify our dedication to enhancing Oman’s tourism and real estate sectors. This contract strategically bolsters our portfolio of luxury developments in prime locations worldwide. AIDA will set new standards for luxury and innovation, reinforcing Oman’s standing on the global stage.”
Covering 5 million square meters and located just 10 minutes from Downtown Muscat, AIDA aims to redefine architectural excellence, environmental sustainability, and bespoke living. The project will feature opulent mansions, exclusive villas, and sophisticated apartments, elevating Oman’s status as a premier destination for tourism, residential living, and investment.
Special Analysis by Omanet | Navigate Oman’s Market
The awarding of contracts for AIDA marks a transformative moment for Oman’s luxury real estate sector, showcasing significant opportunities for local businesses to engage in high-value construction and hospitality projects. However, investors should be cautious; while the potential for premium returns is high, the economic landscape may shift due to global market pressures. Strategic entrepreneurs should leverage this momentum by exploring partnerships in sustainable development and luxury tourism to capture emerging market demand.
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