Damac to develop $1 billion lifestyle destination in Oman

Damac International has been selected to develop Port Sultan Qaboos in Oman into a mixed-use waterfront destination through a joint venture with Omran, the Omani government’s investment, growth and development arm.

‘Mina Sultan Qaboos Waterfront’ is being redeveloped into a $1 billion integrated tourist port and lifestyle destination that includes hotels, residences, dining, retail and leisure.

Hussain Sajwani, chairman of…