Published On:January 29 2015
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$42mn contract for Muscat's Reehan Residence awarded to Al Turki.
The Wave, Muscat awarded a USD 42 million contract to Al Turki Enterprises, for the construction of 99 villas known as Reehan Residences.
The agreement was signed by Hawazen Esber, chief executive officer at The Wave, Muscat and Devki Khimji, executive director at Al Turki Enterprises at a special ceremony held at The Wave, Muscat.
The project involves construction of a residential complex consisting of 99 villas, with 31 five-bedroom traditional villas, 23 five-bedroom contemporary villas and 45 three-bedroom courtyard homes. It will also feature a central community swimming pool and landscaped recreation park.
The first stage of construction will include a four villa display village to showcase the new designs which will also be part of future villa releases at The Wave. Following the launch of the Reehan Residence in June 2014, about 90 percent has been sold out.
BNC secured information on the awarding of the Reehan Residence construction contract to Al Turki back in September 2014.