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$15 Billion ''Blue City'' Project Launched in Oman - ASHARQ AL-AWSAT English Archive
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Muscat , SPA — Oman”s fast growing private sector today launched a $15 billion &#34The Blue City&#34 – the first of its kind in the Middle East – to be built over 35 square kilometers in one of Oman”s most breathtaking beaches, some 100 kms north of Muscat, to boost not only tourism but other sectors also.

The first phase of the 15-year mega project called AL-Madina Al-Zarqa in Arabic, which is in tune with Oman”s economic surge based on diversification, will be completed by 2009 at a cost of $1.8 billion at Swadi Beach.

&#34We are today witnessing the birth of an entire new city in the Sultanate – a master-planned and economically driven development which will propel Oman into a prominent multi-disciplinary living destination worldwide,&#34 Anees Essa, chairman and managing director of Al-Sawadi Investment and Tourism Company (ASIT) told a crowded press conference. Also present were about 90 foreign journalists

who flew in specially to cover the event.

Hours later, The Blue City was unveiled by Minister of National Economy Ahmed bin Abdulnabi Macki at a colorful ceremony at Al-Bustan Palace Hotel in the presence of the Royal Family members, ministers and other top-notch personalities to make it a memorable affair, according to a press statement circulated today

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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