Madinat Al Irfan project to contribute USD1.5 bn to GDP
The Madinat Al Irfan Urban Development Project, which will create a new downtown area for the capital governorate of Oman, is expected to contribute an estimated USD1.4 billion to USD1.6 billion to the Gross Domestic Product (GDP) annually, according to a top official overseeing the implementation of this mega-scheme. Saif al Hinai, Executive Director, said the project will also generate an estimated 80,000-90,000 new jobs when it is fully established over the next several decades. We expect the city to be built in five to six phases over a roughly 30-year timeframe, said Al Hinai, adding that residential components will account for 49% of the mixed use development, commercial spaces 27%, retail 4%, and hospitality 3%, with government buildings and civic facilities included in the remaining 17%. A master plan prepared by Omran of the ambitious scheme envisages an array of key districts that include the centrepiece Oman Convention & Exhibition Centre (OCEC), elements of which are already under construction, Al Irfan Central, Al Irfan West, and the government district to the west. A ridge on the southern flank of the city will accommodate a number of residential neighbourhoods. (Oman observer)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.