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MINA SULTAN QABOOS WATERFRONT INVESTOR OPPORTUNITIES


“Port Sultan Qaboos will be converted from a commercial port to a fully integrated tourist port. All commercial import, export, general cargo and container activities will be shifted to Sohar Industrial Port� ~ Royal Directive from His Majesty Sultan Qaboos bin Said (July 2011)

HIS MAJESTY SULTAN QABOOS BIN SAID


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CONTENTS AN INVESTMENT OPPORTUNITY LIKE NO OTHER

Introduction p2

Inaugurated in 1974, Port Sultan Qaboos, was the first commercial port in the Sultanate of Oman. In 2011, His Majesty Sultan Qaboos bin Said issued directives to transfer the

The Vision p3-4 Key Fundamentals

p5-6

Market Opportunities

p7-8

Concept Plan

p9-10

Development Zones

p11-12

commercial activities of Port Sultan Qaboos to Port Sohar and convert Port Sultan Qaboos into an integrated tourist port. Port Sultan Qaboos is located at the heart of Muttrah, which originally was the centre of commerce in Muscat. Muttrah has one of the oldest traditional souks in the Arab world, with a history stretching back over 200 years and is the most visited tourist destination in Oman. Mina Sultan Qaboos will be re-developed as a high quality Waterfront Destination, over a number of development phases. This will enhance the historical area of Muttrah and transform the Port Sultan Qaboos into the region’s no.1 Waterfront destination, whilst providing the public with greater access to the Waterfront by reintegrating the port area with Muttrah and the city of Muscat. Mina Sultan Qaboos Waterfront is a development without equal. It will serve as the gateway to Muscat. Centred around water, something perpetually valuable and precious, Mina Sultan Qaboos Waterfront will redefine the experience of Muscat and provide investors with a significant opportunity to participate in a unique and unparalleled

Proposed Corporate Activities

p13-14

Investment Opportunities

p15-16

Case Study

p17-18

marketplace offering. Mina Sultan Qaboos Waterfront is a regeneration initiative that aims to unite the Muscat of yesterday with the vision of Muscat tomorrow. The transformation of Port Sultan Qaboos into a tourism based mixed use waterfront destination will provide a vibrant, active and high quality public realm to Muscat whilst at the same time integrating with and enhancing the existing surrounding historical area of Muttrah. Mina Sultan Qaboos will be transformed into the region’s primary waterfront destination, with a strong sense of ‘local Omani identity’. The project will blend traditional Omani heritage and aesthetics with modern technology, and focus on sustainability and harmony with the environment. The project is envisioned as a pedestrian waterfront community with a mixed-use component that integrates the local heritage and culture while creating a 21st century cosmopolitan feel.

Information contained in this document is subject to change or variation & subject to detail design. The artists renderings are

Mina Sultan Qaboos Waterfront is the only strategically located project in Oman that will offer investors the opportunity to partner with the Government of the Sultanate of

for illustrative purposes only and are subject to change without

Oman and in the process become land developers and realize capital gains from the development of the no.1 location in Oman. Mina Sultan Qaboos Waterfront project will

notice.

become the leading authentic Waterfront in the GCC.

Photos sourced from the Ministry of Tourism.

MUTTRAH

Projected return on equity invested is around 15%.


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04 LIVE. DINE. SHOP. WORK.

Imagine a grand city on the sea, whose harbour welcomes the world.

THE VISION • A world-class waterfront development of outstanding beauty and interest that celebrates the maritime history of Muscat and showcases the very best of Omani culture, heritage and innovation to a global audience.

• An exciting and vibrant year round tourism destination that is rich in activities, entertainment and experiences and that quickly establishes itself as the No.1 visitor attraction in Oman.

• A lifestyle community that provides the population of Muscat a true “downtown hub” and that serves as a catalyst for the broader regeneration of Muttrah.

• A platform for commercially successful business enterprise and a stimulus for significant job creation.


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KEY FUNDAMENTALS 100% UNIQUE DESTINATION • The opportunity to create a world-class waterfront development, upon the site of a former port, is completely unique within Muscat and will ensure the project stands out within an increasingly competitive market.

A CLEAR MARKET GAP • Muscat does not currently benefit from a main downtown area where friends, families and associates can congregate together and enjoy a wide range of restaurants, cafe’s, shops, museums, galleries, hotels etc - Mina Sultan Qaboos will fill this void.

MULTIPLE INVESTMENT OPPORTUNITIES • The project will offer numerous investment opportunities and attractive returns at the holding company and the individual asset level.

LOCATION & STUNNING NATURAL BEAUTY • Not only does the site benefit from a strategic location within the old heart of Muscat it also benefits from outstanding natural beauty. The surrounding mountain landscape creates a stunning backdrop to complement the dramatic sea, marina and fort views.

ECONOMIES OF SCALE • The sheer scale of the Port Sultan Qaboos development site offers the opportunity to develop a diverse range of attractions, activities and real estate usages that will provide a strong competitive advantage.

The project will blend traditional Omani heritage and aesthetics with modern technology, and focus on sustainability and harmony with the environment.

MUTTRAH CORNICHE

ROYAL OPERA HOUSE

MUTTRAH SOUQ


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MARKET OPPORTUNITY TOURISM - A HIGH GROWTH MARKET • The tourism sector in Oman and specifically Muscat continues to enjoy robust growth. Tourism arrivals have grown by 9% per annum since 2010 and Muscat hosts over 60% of all guest nights. As a key component of the Government’s economic strategy, the tourism sector is underpinned by strong fundamentals.

• In recent years, the leading hotels in Muscat have shown strong performance in terms of occupancy, rate and RevPar. However, much of the current stock is dated and behind modern day standards. The hotels in Mina Sultan Qaboos will offer a variety of consumer experience unrivalled within the city.

MUSCAT REAL ESTATE MARKET - UNTAPPED POTENTIAL • The residential market in Muscat has shown steady growth over the last three years, with prices in premium locations reaching close to peak levels of 2008. Mina Sultan Qaboos has the potential to become the most sought after waterfront address in Muscat.

• Both the retail and office markets of Muscat are forecast to see sizable growth in supply over the coming years. In this context offering a clear point of differentiation is key. The unique characteristics of the project site will ensure that the shops, restaurants, cafes and offices of Mina Sultan Qaboos are fully differentiated.

Mina Sultan Qaboos is primed to become the No.1 tourism attraction in the country.

Muttrah has one of the oldest traditional souks in the Arab world, with a history stretching back over 200 years and is the most visited tourist destination in Oman.

Inbound tourism up 9% per annum since 2010

Muscat hosts over 60% of all overnight stays

Average expenditure per stay is $740

Passenger numbers through Muscat show 11% annual growth since 2002

Leisure tourism = 34% Business tourism = 19% VFR = 40%

(Source = WTTC 2015)

• • •

GCC = 38% of tourists Asia = 21% of tourists Europe = 18% of tourists

• •


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8. PUBLIC PROMENADE 9. SUPER YACHT MARINA (150 BERTHS ) 10. MOSQUE 11. BANQUET 12. BEACH CLUB & BRANDED RESIDENCES

PORT SULTAN QABOOS

20. ROP - CUSTOMS & IMMIGRATION 21. RESTAURANT / CAFE 22. HEALTH / WELLNESS SPA 23. COMMUNITY FOOTBALL & CLUBHOUSE 24. ROCK PARK & WALKWAY

10 CONCEPT PLAN

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On the left, there are views from Port Sultan Qaboos and the satellite image of the Port and Muttrah. On the right, there is the

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concept master plan for the new waterfront. The plan combines

SHUTAIFY BAY

H 16

tradition and heritage, convenience, superb location, and exquisite

12 14

dining experiences, to make Mina Sultan Qaboos Waterfront a

11 H

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vibrant must-see destination. 07

10 24

07

16 16

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CRUISE LINER

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H. HOTELS

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08

05

LEGEND

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08

H

20

16 20

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13

H

1. MUTTRAH PUBLIC PROMENADE

H 03 HARAT AL SHAMAL

09 08

02

15

H

AL INSHIRAH

2. MUTTRAH FISH SOUK

08 04

3. FISHERMANS WHARF & CAR PARK

H 23

18

HAY AL MINA

4. ROYAL PRECINCT

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01

5. VARIOUS ATTRACTIONS

RIYAM PARK

01

JIBROOH

SUR AL LAWATIA

& TRAM

21 MUTTRAH FORT

500

LAYOUT (INCLUDING BUILDINGS) SUBJECT TO DESIGN - FOR ILLUSTRATION PURPOSES ONLY

NFC, COASTGUARD, ROP 17. GRAIN SILOS

SHABAB OMAN NAVY EXPERIENCE

18. FISHERMEN & DHOW BERTHS 19. MIXED USE & BRANDED RESIDENTIAL / RETAIL

8. PUBLIC PROMENADE

20. ROP - CUSTOMS & IMMIGRATION

9. SUPER YACHT MARINA

21. RESTAURANT / CAFE

10. COMMERCIAL 250

BRANDED RESIDENTIAL 15. UPSCALE CONDOMINIUM HOTEL 16. FUTURE DEVELOPMENT ZONES

(150 BERTHS )

0 50 100

14. LEISURE, TENNIS CLUB &

MUTTRAH AQUARIUM

7. MIXED USE / DESTINATION RETAIL

MUTTRAH SOUK

RESIDENCES 13. UTILITIES COMPOUND

(INCLUDING)

6. WATERFRONT PUBLIC PLAZA

MUTTRAH

12. BEACH CLUB & BRANDED

11. BANQUET & SPA

22. HEALTH / WELLNESS SPA 23. COMMUNITY FOOTBALL & CLUBHOUSE 24. ROCK PARK & WALKWAY


11 DEVELOPMENT ZONES

12 MINA SULTAN QABOOS WATERFRONT : DEVELOPMENT ZONES

H RIYAM PARK

ZONE: NAME : 1A

Fishermans Wharf

1B

Waterfront Heart

Embodied within Omani architecture are timeless aspects of proportion, robustness,

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Resort Zone

simplicity, ornament, and a local response to the hot climate and its intense daylight.

3A

Cruise Zone

Mina Sultan Qaboos Waterfront will re-energise the core of Muttrah and Harat Al Shamal

3B

Al Inshira Zone

and create a hub of activity, where people return once again to live, work, shop and spend

4A

Hay Al Mina

time with family and friends. A continuous pedestrian boardwalk will be developed along

4B

DEVELOPMENT ZONES

NFC, TUG , COASTGUARD & ROYAL NAVY BERTHS

ZONE 2 - RESORT ZONE

ZONE 3 - CRUISE ZONE

Arabesque. Natural stone

• Upscale 5 Star Resort hotel

• Upmarket design focused

corridors, high archways,

• 4 Star Resort hotel

The destination shopping

Royal Zone

• Fisherman’s Wharf, Fish Souq

the basin edge and high quality terraced public open spaces fronted by active, outward

Utilities Zone

• 5 Star Marina Hotel

facing, mixed use development.

Future Development Zones

• 4 Star family hotel

Indicative Hotel Locations

• Hotel Operated Branded

H

experience will be Omani Style

FU

TU

RE

DE

VEL OP ME N

T

ZONE 1 – WATERFRONT HEART

decors. Alleyways will be lined with

residential apartments

CRUISE LINER BERTHS

various retail outlets - an

• Starter apartments for first H

H

MUTTRAH FORT

MARINA BERTHS

• Destination Shopping- Cafes, Boutiques, offices,

H

entertainment and cultural

H H

facilities

FISHERMEN BERTHS FISH SOUK

• Super Yacht & Leisure Boat SUR AL LAWATIA

Marina • Buildings heights - 2 to 4

HARAT AL SHAMAL MUTTRAH

eclectic mix of authentic

time buyers Waterside Restaurants &

levels.

subdued lighting and arabesque

retail experience • Upscale boutique hotel

• Conference & Banquet facility

• Hotel operated Branded residential apartments

• World Class Wellness Spa &

• Buildings heights - 1 to 4

Residences

levels.

• Cafes & shops • Beach Club & Residences

ZONE 4 - HAY AL MINA

wear, perfumes, carpets,

• Sports, tennis & leisure club

furnishings, sports items,

• Economy/Budget Hotel

• Children’s Village

• First Time Buyers Starter

handicrafts, jewelry, fashion

books; dining, a department store, several internationally

• Clusters of elegant hotel

known flagship stores, as

branded townhouses and

well as a unique children’s

apartments

“edutainment” and the conveniences of modern times - from groceries to currency exchange.

• Buildings heights - 2 to 7 levels.

Homes • Public facilities including a local clinic • Mixed use facilities including local convenience shops, football field and clubhouse • Buildings heights - 2 to 8

levels.

H HAY AL MINA

Mina Sultan Qaboos has received expressions of interest from the following hotel groups - Mandarin Oriental, Hyatt, Viceroy, Hilton, Taj, Banyan Tree, Chedi & Four Seasons to manage the hotels in the Waterfront.


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PROPOSED CORPORATE ACTIVITIES MINA SULTAN QABOOS WATERFRONT COMPANY

Sound investment opportunities through promoting sustainability and economic diversification are key goals of Mina Sultan Qaboos Waterfront.

Infrastructure, Common Areas

Master Community Management

project

specific

JV Management

Economic & Social

be

established.

The

Retail Management

Hotel Joint Ventures

Commercial Leasing

Home Owners Associations

Funding

Arts & Culture

Marina Leasing & Management

Infrastructure Management

Investment

Stakeholder liason

Security Management

Retail & Food & Beverage Brands

Service Charges

Legal & Contractual Procurement

Research-Trends & Forecast

Cleaning and maintenance services

Hotel Leasing

Health & Safety

Community Groups

for

Omanisation

Cruise ship management

is based on the complex redevelopment requirements of the site and to enable

Harbour Master Management (Port Services Corporation)

Skills Training

establishing a private sector company

private sector participation.

Sales & Marketing

Sale of residential Property

Development

Master planning

Resales of Branded Residential Property

Leasing of Retail & Food & Beverage Outlets

Design Management

Development & Construction of Properties

Development Control

Rental of Properties

Waterfront need

Business Development

Tourism Development

Development & Operations Company will

Operations

MUTTRAH FORT

MINA SULTAN QABOOS WATERFRONT COMPANY A

Management, Investment & Finance

Human Resources

SME Development

Tenant Fit Out Coordination

Tour Operator Event management

Development Delivery TeamConsultants

Enviromental Control

MUTTRAH CORNICHE

MUTTRAH SOUQ


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16 Driving Shareholder value through secure long-term recurring revenues.

INVESTMENT OPPORTUNITIES The opportunities include investing in the following elements of the project:

EQUITY INVESTMENT (FOUNDING SHAREHOLDERS) IN THE MINA SULTAN QABOOS WATERFRONT COMPANY • It is expected that share packages of around 2.5%-5% of the Company will be made available for sale. This will be carried out by a placement of shares in the new company. The Company will be formed to develop a mixed-use real estate offering, without equal. • Up to 49% of the Company will be made available.

INVESTMENT IN THE UNDERLYING ASSETS OF THE MINA SULTAN QABOOS WATERFRONT COMPANY: • Joint venture investment in the Retail & entertainment assets

• Joint Venture investment in Hotels in the waterfront or outright acquisition of hotels plots: • Five Star Marina Hotel • Four Star family hotel • 5 Star Resort hotel • 4 Star Resort hotel • 5 Star Conference & Banqueting facility • 5 Star World Class Wellness Spa • 5 Star Upscale boutique hotel • 3 Star Economy/Budget Hotel

To register for information or to arrange an investor presentation please email:

investors@portsultanqaboos.com

SHAREHOLDING

JOINT VENTURE INVESTMENT IN THE FOLLOWING POTENTIAL BUSINESS UNITS: • • • • • • • •

Property Finance Company Facility Management Company Landscape & Cleaning Company Insurance Company Security Company Waste Removal/Management Company Cleaning Company Property Management and Leasing Company

Joint Ventures

Government of Sultanate of Oman

Strategic InvestorsFounding Shareholders

51%

49%

MINA SULTAN QABOOS WATERFRONT COMPANY

Development of Operation of Mina Sultan Qaboos Waterfront

Other Service Companies

LIVE. DINE. SHOP. WORK.


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CASE STUDY - V & A WATERFRONT CAPE TOWN Over the past thirty years some of the world’s most innovative real estate developments have taken place at waterfronts. From Boston, Baltimore, Vancouver and Toronto in North America, to Cardiff, London, Rotterdam and Barcelona in Europe, and Sydney, Melbourne, Singapore and Osaka in the Pacific Rim, waterfronts worldwide have become the new retail, leisure and entertainment destinations in port cities. Successful waterfront projects have re-established the rich cultural and historic links between land and water in many port and river cities across the globe. To amplify the opportunity at Sultan Qaboos Port, detailed below are the key characteristics and data of V&A Cape Town Waterfront, which occupies the same area of land as Sultan Qaboos Port.

• The V&A Waterfront has a mix of long-term high profile retail and business tenants

• 450 retail shops • 150 commercial tenants

• 64% (383,833sqm) has been developed • 80 restaurants & cafes • 36% (220,035sqm) available for development • Approximately 45% of the area is allocated to residential development

• 600 built and sold luxury apartments, townhouses & penthouses, with further under development • 400 rental apartments and self-catering units

• The old harbour in Cape Town was transformed over 10 years to become one of the worlds leading mixed- use waterfront developments

• 8,500 parking bays • 22 Historical and cultural landmarks

• Has become the local and tourist “heart” of Cape Town, linking the city to the waterfront

• 20 leisure attractions

• 23 million visits per year-60% from Cape Town

• 1 SME business incubator-Craft market

• 19,000 people work at the waterfront on a daily basis

• 1 SME business incubator-Fresh & Organic Food market

• 10 Hotels (Boutique, 5 star, 4 star & 3 star), including a One& Only Hotel

• 200 Small business enterprise incubator stalls

• 10 Hotels

• Extensive children’s entertainment & aquarium


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MINA SULTAN QABOOS WATERFRONT INVESTOR OPPORTUNITIES

Mina Sultan Qaboos Waterfront Investment Opportunities  

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