Mubasher: Groundwork has commenced at Mina Al Sultan Qaboos, a joint venture development project between the UAE Damac Properties and Oman’s tourism development arm Omran.

Mina Al Sultan Qaboos is valued at $2 billion and is expected to create the GCC’s largest waterfront destination from Oman’s oldest and most historical port, Arabian Business said.

“Mina Al Sultan Qaboos Port is set to play a key part in Oman’s non-oil future and will include hotels, residences, food and beverage, retail and entertainment offerings. The project to enhance it is in line with Oman’s National Strategy for Tourism 2040,” the news portal added.

Damac has already begun the demolition of the port following an approval from Oman’s tourism ministry.

Mina Al Sultan Qaboos will also see an on-site discovery centre that will be launched in the first half of 2019.