Oman’s premier marina development The Wave, Muscat, strengthens Mourjan Marinas IGY’s growing portfolio of major projects in the Middle East. Dubai-based marina developer will develop and manage this luxury marina facility in Muscat, Oman, to ensure it becomes one of the region’s top yachting lifestyle destinations.
The Wave Muscat
Dubai, UAE, 10 January 2011: Mourjan Marinas IGY’s rapidly growing portfolio of projects across the Middle East continues to expand following the announcement it will fully manage and operate a stunning new world-class marina at The Wave, Muscat, Oman’s newly developed premier waterfront destination.
The Wave, Muscat, is the first integrated resort and residential development to be undertaken in the greater Muscat region and brings with it beautiful properties, a Greg Norman-designed golf course, five-star hotels and a host of new retail, leisure and dining opportunities all situated along a 7km seafront address.
At the heart of The Wave, Muscat, lies the 400 plus berth marina, a vibrant destination that will offer a breathtaking setting for sailing enthusiasts whilst providing an integrated marina lifestyle for its new residents.
The announcement Mourjan Marinas IGY will develop The Wave, Muscat, the country’s premier marina, follows a series of recent strategic partnerships it has undertaken in the region, including the development of the first marina within the Lusail City development in Doha, Qatar, and the operation of two marinas as part of the upcoming Marsa Al Seef project in the Kingdom of Bahrain.
Michael Horrigan, CEO of Mourjan Marinas IGY, said:
“We are proud to be a part of what is a very exciting project in Muscat and continuing our rapid growth in this region which is fast becoming one of the leading destinations for marina developments and waterfront living in the world.”
“What is so appealing about this initiative is the opportunity it offers Mourjan Marinas IGY to support the overall goal of Oman to create a world-class sailing boat industry. We are delighted to be entrusted with such a vital project that will allow us to bring our expertise and knowledge of the market to deliver on what will be one of the region’s leading marinas.”
The first phase of the new marina will open in the second quarter of 2011. As part of the development, the marina will provide harbour-side views, dining options ranging from al fresco to quaint coffee shops and a retail promenade offering trendy fashion stores together with traditional Omani hospitality and culture.
The marina will also offer yacht maintenance and fuelling facilities at its Yacht Club to ensure smooth sailing for individual yacht owners.
“We are confident the marina will quickly become the place to be,” Mr. Horrigan said.
“From the restaurants through to the shops and cafés, this marina facility will be a location for people to enjoy themselves and socialise, or if they choose to it will allow visitors to simply unwind and mingle against a backdrop of incredible ocean views.”
Mourjan Marinas IGY’s management role with The Wave, Muscat, will see the Dubai-based company provide every level of support from design through to development support and optimizing the marina for operations. Mourjan Marinas IGY will then fully manage and operate the facility and will oversee the regional and global marketing of the facility.
Michael Lenarduzzi, CEO of The Wave, Muscat said: “This agreement is a testament to our commitment to not only building the ultimate home and lifestyle destination in the heart of the capital, but to bolster the nation’s thriving tourism industry. The Marina will most certainly complement our existing standards of living as we position Oman as a distinguished yachting and sailing centre that would compete within the global luxury boating circuit.”
He added: “Our strategic partnership with Mourjan Marinas IGY brings a wealth of expertise through a clear focus on hospitality and a proven track record in managing Marinas in some of the world’s top waterfront developments. We will also benefit from the wide range of services and solutions they offer in marina development and operations to set new standards for the scope and quality of our mixed-use development.”
Lenarduzzi highlighted that the highly anticipated Al Marsa Village is coming to life, as The Wave, Muscat is redefining luxury marina experiences and recreational boating for those searching for quality services with access to a number of residential, commercial and leisure facilities. He went on to say that the Marina is one of the most ambitious development projects that has been designed to become the preferred berthing option in Oman, accommodating over 400 boats, including luxury megayachts.
Mourjan Marinas IGY utilises its design, engineering, management and marketing expertise to benefit waterfronts around the world with the vision to be at the forefront of the maritime industry in the Middle East.
Mourjan Marinas IGY
Mourjan Marinas IGY is an international marina developer, operator and investor based in Dubai, United Arab Emirates (UAE). Operating under a new name after an alliance between Island Global Yachting (IGY) and G-Marin; Mourjan Marinas IGY continues to drive the growth of marina development throughout the Middle East. The company offers the full range of technical, development, operations, marketing and administrative expertise required to design, construct and manage world-class marina facilities internationally.
IGY
From the islands of the Caribbean to the azure waters of the Arabian Gulf and other beautiful yachting destinations around the world, IGY is redefining the very idea of luxury marina experiences. Founded in 2005, IGY focuses on acquiring, controlling and/or servicing luxury-yacht marinas and the surrounding upland real estate properties. Headquartered in Fort Lauderdale, Florida, IGY also has offices in New York, NY; St. Thomas, USV. In Dubai, IGY is represented through an alliance with Mourjan Marinas IGY which provides marina development and management services throughout the Middle East.
About The Wave, Muscat
The Wave, Muscat is the first 100 per cent freehold development in Oman and a unique public-private venture valued at US$2.5 billion. A world-class mixed-use community spread along 6km of natural beach, The Wave, Muscat will comprise Oman’s first 18 hole green links golf course, designed by Greg Norman; a 400-berth marina; modern and spacious apartments and townhouses; water, beach and garden-view villas; and 5-star luxury hotels. Situated on 6 km of natural beach and just 10 minutes away from an existing shopping mall and the airport, The Wave, Muscat is delivering real homes for real people.
The Wave, Muscat, is being developed through a joint venture comprising Oman’s Waterfront Investments (representing the Government of the Sultanate of Oman), National Investment Funds Company (representing Omani Pension Funds), and the UAE-based Majid Al Futtaim Group.
