Pradeep Kumar Nair, Managing Director of ‘ Little India’, the first Integrated Tourism Complex to come up in Duqm and CEO of Sebacic Oman, talks about his investment plans and projects in Oman. Excerpts from an interview
You have recently signed an agreement with SEZAD for developing an Integrated Tourism Complex (ITC) under the name, ‘Little India’. Can you elaborate on the salient features of the project?
Little India is a mix-use Integrated Tourism Complex (ITC), to be developed in phases within the Duqm special economic zone. The project spread over an area of 600,000 square metres of land will be the first ITC project in Duqm. The master plan, designed by internationally renowned architect Sanjay Puri, comprises a wide range of real estate projects, including beach-front villas, resorts, apartment units, a five-star hotel, restaurants, a theatre, marina and commercial buildings, multiplexes, malls, schools, hospitals, community centres etc.
Those foreigners purchasing apartment units within the ITC will receive residence visas, just as with any other ITC project in the Sultanate.
According to the master plan, the whole project will be developed over a period of 10 to 15 years, with a total investment of $750mn and generating 8,000 jobs.
When the project is expected to start? When are the proposed apartment and resort projects expected to be completed?
This story is from the February 2018 edition of Oman Economic Review.
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This story is from the February 2018 edition of Oman Economic Review.
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