Daily Newsletter

09 October 2023

Daily Newsletter

09 October 2023

SAH-SML JV wins Oman Cultural Complex contract

The development comprises three major buildings brought together around a central square.

October 09 2023

The SAH-SML joint venture (JV) has been awarded a contract for the development of the Oman Cultural Complex project in Muscat for its government client, the Ministry of Culture, Sports and Youth.

The SAH-SML JV was formed between Oman-based construction company Saif Salim Essa Al Harasi (SAH) and Turkey-based contractor Sembol Construction (SML).

The scope of the project includes the design and construction of the Oman Cultural Complex and related works.

The estimated value of this contract is OR147.8m, reported the Oman Daily Observer.

This project has been assigned a plot of land in Airport Heights that begins near the Ministry of Labour and extends northwards.

The Oman Cultural Complex project has a built-up area of 75,000m² and will be known as the new cultural district in Muscat.

The development includes three major buildings brought together around a wide, central square.

The Oman National Theatre will comprise a 1,000-seat auditorium and a 250-seat flexible auditorium, the 20,000m² five-storey National Library and the National Archives with ample archive shelf space.

Other facilities in the complex include an exhibition and cultural centre, and a movie theatre.

In a statement, an SAH official said: “We are thrilled to announce the successful collaboration between Saif Al Harasi and Sembol Construction, the SAH-SML JV Co, in securing the esteemed Oman Cultural Complex project. This landmark initiative seamlessly melds Oman’s rich cultural heritage with state-of-the-art design.

“Saif Al Harassi expresses profound joy in contributing to this visionary project, viewing it as a true testament to our shared commitment to excellence and innovation. The strategic partnership with Sembol Construction significantly enhances our capabilities, ensuring the delivery of a cultural masterpiece that authentically represents Oman’s unique identity and promising future.”

Construction work on the project is scheduled to begin by November 2023 and be completed in early 2027.

North America Construction market dynamics

Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.

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