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Duqm residential project .... to be ready by the middle of next year.

Renaissance sees Oman residential project on track

MUSCAT, March 5, 2015

Special Economic Zone Authority at Duqm (Sezad) said its joint initiative with Oman-based Renaissance Services for blue-collar workers of contracting firms, will be ready by middle of next year, said a report.

Duqm Permanent Accommodation for Contractors (PAC) aims to create a modern, fully-serviced living facility for over 16,000 people working in Duqm area of Oman, reported the Times of Oman.

The employees residing there will be the key human resources integral to the success of the Sezad, working on landmark projects such as the oil refinery, port, dry dock, and international airport amongst others, it stated.

Renaissance plans to provide modern staff residences for the comfort and convenience of workers which will include accommodation, a mosque, medical clinics and retail outlets, said the report.

As much as 12 per cent of the total work has alredy been completed, it added.

As much as 85 per cent of the contracts, including two main construction packages have been awarded, while two remaining packages worth RO3.5 million ($9.05 million) - one for building a sewage treatment plant and another one for an 11KV ring main work (electric work) - will be awarded by next month.

Renaissance expects RO26 million ($67.2 million) additional revenue per annum from Duqm PAC - the largest project of its kind in the Sultanate - once it becomes operational.

The Omani firm is working with 14 local community firms and small and medium enterprises (SMEs) and awarded works worth over RO1 million ($2.58 million) till January this year.

Renaissance said it plans to develop more such build-on-operate projects like Duqm PAC. The company also plans to ramp up its integrated facilities management capabilities, especially in markets like the UAE, the report added.




Tags: Oman | Duqm | Renaissance | residential | Sezad |

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