01 April 2008

Oman’s Majan Development Company (MDC) has announced plans to set up a healthcare city near Muscat with an estimated investment of up to $1.03 billion, according to the project’s promoter, Kuwait-based Gulf Investment House (GIH).

An international consultancy agency has conducted market research for the project.
“A feasibility study for the project is now under way,” said Bashar Al Tuwaijri, of GIH.
The healthcare city will be constructed on a build, operate and transfer (BOT) basis and construction is expected to start next year.
Oman’s Ministry of Tourism has agreed to allot 1 million sq m near Blue City.  The project is said to include medical colleges, hospitals, conference halls, hotels and shopping malls.

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Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.