The Omani Waterfront Community Al Mouj Muscat will be expanding the development after a $160m loan was secured this week, according to Arabian Gulf Business Insight.
The mixed-use development, part-owned by Tanmia and by the state-owned tourism operator Omran, which owns 40 percent, will use the funding to increase properties to 10,000 units, and enlarge the shopping complex and marina, according to Al Mouj Muscat’s Vice President of Sales, Saleh Al Siyabi.
Subscribe to The Maritime Observer Newsletter by clicking here.
Al Mouj Marina currently berths 16 yachts over 30 meters, and accommodates a total of 132. It is also a point of entry into the Sultanate of Oman. In September 2024, the marina was awarded a “Superyacht Ready” accreditation by The Yacht Harbour Association (TYHA).
The marina is also the recipient of the International Clean Marina and 5 Gold Anchor Accreditations. In 2020, it was awarded the Traveler’s Choice Award status 2020 on TripAdvisor.