Dubai’s DAMAC Properties to develop Oman’s $1 bln waterfront

Source: Al Arabiya

DAMAC Properties has signed an agreement with Oman to develop a port in the country’s capital city Muscat as a tourism destination, Dubai’s second-largest listed developer said on Wednesday.

DAMAC signed a memorandum of understanding with Oman’s Tourism Development Company (Omran) to develop Port Sultan Qaboos.READ MORE