In its statement to the Muscat Securities Market (MSM) on Tuesday, Renaissance Services announced awarding the two main construction packages for the Duqm permanent accommodation for contractors (PAC) project to S&T and Al Hajiry.

The investment is worth OMR 100 million and Renaissance Services and its partners believe the accommodation project shows the world how well Oman takes care of the blue collar workforce in remote locations, offering high standards of facilities and services at unbeatable prices.

Duqm PAC is an ambitious project of national importance, the statement revealed, adding that it will be part-owned by local community investors and Omani pension funds. The PAC is designed to house over 16,000 residents. The simple economies of scale mean effective revenue generation, while offering world-class standards of comfort, safety and environmental efficiency, the statement highlighted.

“Duqm is an important part of Oman’s long-term vision, and people know how excited Renaissance Services are to get the private sector behind national ambition through the Duqm PAC. Together, we have created a commercially exciting project, which meets the tough Renaissance test: Safe, Efficient, Green and Local. Our services business is on track to double revenue and profit over the next two to three years, and the Duqm PAC project has a part to play in that growth,” Renaissance Services CEO Stephen Thomas said.