INVESTOR OPPORTUNITIES

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1 INVESTOR OPPORTUNITIES

Madinat Al Irfan / Investor Opportunities Contents 4 Sultanate of Oman 6 Omran 8 Introducing Madinat Al Irfan 10 The vision 12 Key fundamentals & high-level objectives 16 Illustrative masterplan 20

2 Madinat Al Irfan / Investor Opportunities Contents 4 Sultanate of Oman 6 Omran 8 Introducing Madinat Al Irfan 10 The vision 12 Key fundamentals & high-level objectives 16 Illustrative masterplan 20 Market opportunities 22 Oman Convention & Exhibition Centre 24 Investment opportunities We promised you that a new dawn would rise over Oman, a dawn that would give our people a new life and new hope for the future. Under God s protection and with His merciful guidance, we have fulfilled that promise together. We now stand, today, on the threshold of another new era that will challenge us to display all the qualities and determination that have stood us so well in the past. His Majesty Sultan Qaboos bin Said

1 Sultanate of Oman Madinat Al Irfan / Investor Opportunities Beauty has an address Key facts The Sultanate of Oman is renowned for its untouched natural beauty with contrasting landscapes of

Oman s rich cultural history features traditional forts and souqs scattered across the Sultanate while our natural environment offers incredible flora and fauna.

The country is famed for its authentic hospitality and friendly atmosphere. A place where there is a great deal of respect and unity and where people still very much care about people.

Under the rule of His Majesty Sultan Qaboos bin Said Oman has become a symbol of cultural and religious tolerance and has played a crucial role in a number of global humanitarian and successful

3 1 Sultanate of Oman Madinat Al Irfan / Investor Opportunities Beauty has an address Key facts The Sultanate of Oman is renowned for its untouched natural beauty with contrasting landscapes of towering mountain ranges, wadis (dry river beds), golden desert and over 000 km of beautiful coastlines. Oman s rich cultural history features traditional forts and souqs scattered across the Sultanate while our natural environment offers incredible flora and fauna. Along with year-round sunshine and the unsurpassed warmth of the local people it is easy to see why Oman is emerging as a globally competitive tourism destination. The country is famed for its authentic hospitality and friendly atmosphere. A place where there is a great deal of respect and unity and where people still very much care about people. The peacefulness of Oman is largely due to its leader s astute wisdom. Under the rule of His Majesty Sultan Qaboos bin Said Oman has become a symbol of cultural and religious tolerance and has played a crucial role in a number of global humanitarian and successful political negotiations due its firm principle of encouraging peaceful dialogue and diplomacy. Today, Oman is increasingly welcoming businesses from across the globe to contribute to the country s commercial and industrial growth, and visitors to experience the county s rich culture, pristine shores and majestic natural beauty. In recognition of the importance of a sustainable development of related fast growing industries in tourism and real estate, the government is fully committed to supporting growth of those sectors in line with its long-term plan for economic diversity aiming to enhance the contribution to the economy by the non oil sectors, as set out in Vision Oman 2020 the blue print for the country s economic success. Official name: Head of State: Sultanate of Oman Area: Km 2 Capital: His Majesty Sultan Qaboos bin Said City of Muscat Other main cities: Sohar / Nizwa / Sur / Salalah / Buraimi / Khasab Local Time: Currency: Climate: GMT +4 hours Omani Rial Oman is a year round sunshine destination. The best time to visit the North of Oman for perfect winter sun is between November and March. Visit the tropical South during the monsoon season between July and October, when daytime temperatures average 25 C. Language: Arabic is the official language however English is widely spoken KSA UAE Oman Muscat 4 5

Madinat Al Irfan / Investor Opportunities OMRAN DRIVES INVESTMENT, GROWTH AND DEVELOPMENT OF THE RAPIDLY GROWING TOURISM AND REAL-ESTATE SECTORS IN THE SULTANATE OF OMAN.

4 Madinat Al Irfan / Investor Opportunities OMRAN DRIVES INVESTMENT, GROWTH AND DEVELOPMENT OF THE RAPIDLY GROWING TOURISM AND REAL-ESTATE SECTORS IN THE SULTANATE OF OMAN. Omran are the master developers of major tourism, heritage and urban developments, delivering some of nation s most iconic destinations. Our projects create unique experiences that benefit the social and economic growth of the Sultanate. Omran has a diverse portfolio of developments, hospitality assets and joint ventures that span across the country and contribute to growing the capacity of Oman s tourism sector. Our key projects include Madinat Al Irfan Urban Centre; a 7.4 million sqm mixed-use development designed to the best international standards in urban planning and strategically linked to the nearby Muscat International Airport and the Oman Convention & Exhibition Centre; the Sultanate s upcoming flagship business centre. Madinat Al Irfan will generate significant inbound revenues, and through Public Private Partnerships will increase capital retention within the local economy which is estimated to contribute approximately OMR 1.4 billion annually to the Sultanate s GDP upon completion. We are also the master developers of Mina Sultan Qaboos Waterfront, that is set to be the leading authentic waterfront destination in the region. The project is centred around Muttrah s historic port, fort and mountains. The first phase of the waterfront will be delivered in time for global events being held in the region such as Expo 2020 and the FIFA 2022 World Cup. It will consist of hospitality, lifestyle, entertainment and cultural zones as well as residential units that will redefine the experience of Muscat and provide investors with a significant opportunity to participate in a unique and unparalleled marketplace offering. Omran develop relationships that create solid foundations for future economic diversification and the prosperity of Oman, as well as providing outstanding long-term investment opportunities for private and public sector companies. Omran s proven track record of delivering tourism projects to a world-class standard is a product of our commitment to integrity, transparency and collaboration. By working in partnership with local communities and embracing the unique aspects of Oman s culture and heritage, we have built sustainability into every project whilst safeguarding the natural beauty of the country for the future generations. Madinat Al Irfan will generate significant inbound revenues, and through Public Private Partnerships will increase capital retention within the local economy which is estimated to contribute approximately OMR 1.4 billion annually to the Sultanate s GDP upon completion. 6 7

Introducing Madinat Al Irfan A catalyst for change Madinat Al Irfan / Investor Opportunities Madinat Al Irfan is the product of an exciting ambition to establish a new urban centre within Muscat.

5 Introducing Madinat Al Irfan A catalyst for change Madinat Al Irfan / Investor Opportunities Madinat Al Irfan is the product of an exciting ambition to establish a new urban centre within Muscat. Situated in close proximity to the new international airport and enjoying excellent transport connections to the capital area and beyond, Madinat Al Irfan will become the gateway to Oman; creating a new downtown for residents, for business and for visitors. The city will establish an integrated, sustainable and inclusive community, catering for different ages, income groups, and ethnicities. With a Wadi Park as its spine, Irfan will be a city with public space as its heart. Madinat Al Irfan will become an exemplar both locally and regionally, providing a model for urban development. Importantly, Madinat Al Irfan will also become a catalyst for change in Oman; setting new benchmarks in terms of sustainability and urban design, providing public transport while creating a magnet for business, a centre for tourism and a great place to live and work. In order to ensure a project of the highest quality, Omran commissioned the Royal Institute of British Architects (RIBA) to organise an international competition to select a master-planner with the requisite experience and expertise. Upon completion of the competition, Allies and Morrison, designers of the Queen Elizabeth Olympic Park in London, were unanimously recommended by the competition jury and were appointed, together with Arup as engineering consultants, towards the end of Following appointment of the masterplanner, Omran also appointed the UK s Commission for Architecture and the Built Environment (CABE) to provide a panel of experts to undertake an independent peer review of the emerging design at key stages of development in order to ensure that design quality is achieved. 8 9

Madinat Al Irfan / Investor Opportunities The vision Muscat s vibrant new heart Madinat Al Irfan will create a vibrant city in which people will want to be, a place with a strong sense of identity

6 Madinat Al Irfan / Investor Opportunities The vision Muscat s vibrant new heart Madinat Al Irfan will create a vibrant city in which people will want to be, a place with a strong sense of identity which supports and preserves Omani cultural values and enriches quality of life while promoting social, economic and environmental well-being. Learn from the past to inform the future Madinat Al Irfan will be a contemporary city, drawing its influence from the rich heritage and culture of Oman while also respecting and reflecting its climate and topography. Create places of distinct character The city will be created by a series of districts, each with its own distinctive character, together with a high quality public realm which encourages social interaction. Smart City concept Madinat Al Irfan will become an exemplar for smart city living. Socio-economic development will be supported by the adoption of innovative, digital, infrastructure strategies. The masterplan will create a new city centre for Muscat which is connected, liveable and green. The design of the city will adopt global best practice to create an environment which embraces our eleven urban design principles: Create active, mixed-use places Provide a wide range of uses and activities which create employment opportunities in a variety of sectors and support the country s economic diversify cation plans together with its ambition to develop a strong tourism infrastructure. Integrated, sustainable community Madinat Al Irfan will encourage a more sustainable way of life. The city will feature a wide range of facilities enabling residents to work and live within the city, and will provide an exemplar for reducing energy, waste and water consumption. Celebrate the natural landscape Maximising access to nature, Irfan provides a network of open spaces for all. The masterplan delights in the undulating landscape, capitalises on the natural water resources and enhances its biodiversity. ELEVEN PRINCIPLES A comfortable environment for pedestrians Compact, mixed-use planning combined with shaded routes and footpaths will help create walkable neighbourhoods. Provide an integrated transport system A choice of public transport will be provided within Madinat Al Irfan. Connecting into the wider city network, the ambition is to simultaneously reduce car dependency while improving journey times. Complete at every stage At every stage of development, Madinat Al Irfan will be complete and independent from future phases. Embrace quality and diversity Buildings will respect the topography of the site, respond to the prevailing climatic conditions and reflect the local vernacular in a contemporary manner. A considered massing and an architectural variety will retain both the diversity and reinforce a sense of place. Provide a catalyst for change Madinat Al Irfan will set new standards in city planning, urban design and in the design of its buildings

7 5 Key fundamentals & high-level objectives Madinat Al Irfan is positioned as Muscat s vibrant new heart through a targeted value proposition supported by key enablers Madinat Al Irfan s value proposition will address the key requirements of all relevant stakeholders Madinat Al Irfan / Investor Opportunities 1 What is Madinat Al Irfan? 2 What does it want to achieve? How will it attract stakeholders? 4 What will make it work? Vision Objectives Value Proposition Enablers/Dimensions Muscat s vibrant new heart Enrich the lives of all Muscat residents Boost Oman s economy and create jobs for Omanis Set new urban planning standards Promote Oman s local heritage Muscat s prime residential area Muscat s main business district Muscat s entertainment hub for all ages Muscat s anchor tourist site Walkability Integrated mix Connectivity Social infrastructure Open spaces Balanced architecture Entertainment Avant-garde infrastructure The new vibrant heart of Muscat rich in entertainment and retail Ample green and pedestrian spaces An exceptional first impression of Muscat, along with the upgraded airport and OCEC Muscat s new business district Muscat s hub of high-end business hotels Proximity to airport, OCEC, and all of Muscat s key business districts To visitors To business tourists High-level value proposition To Muscat residents To companies & employees Muscat s prestigious living area Ample green and pedestrian spaces Sustainable & resilient space Extensive & comprehensive social infrastructure, including top retail and recreational facilities New business district One-stop-shop for businesses Premium offices and easy to access parking space Proximity to airport and well-connected to the other business districts such as Ruwi and Al Khuwair Madinat Al Madinat development would help Oman in achieving its economic, cultural and social objectives by: Diversification of the economy Madinat Al Irfan will contribute to diversifying the economy away from oil & gas by focusing on other key sectors Preservation of culture and heritage Madinat Al Irfan will ensure preservation of the Omani culture and heritage and enrich the lives of all Muscat residents Reduction of real estate market gaps Madinat Al Irfan is expected to close a large part of the real estate market gaps across segments Promotion of local private sector Madinat Al Irfan will provide opportunities for Oman s local private sector in key areas such development, investment, operations, services, retail, F&B and transport Attraction of foreign direct investment Foreign developers and investors will have the opportunity to invest in Madinat Al Irfan, which will offer them returns and the chance to be part of Oman s development Setting new standards The development of Madinat Al Irfan will set new and improved urban planning standards for future developments in Muscat 12 1

6 Illustrative masterplan An overview of Madinat Al Irfan 12 10 4 7 4 5 11 12 Al Mawaleh South Al Murtafaah Muscat Expressway Sea of Oman MAI N E W Ghala 1 Oman Convention & Exhibition Centre 2 4 & 5

9 6 Illustrative masterplan An overview of Madinat Al Irfan Al Mawaleh South Al Murtafaah Muscat Expressway Sea of Oman MAI N E W Ghala 1 Oman Convention & Exhibition Centre 2 4 & 5 star hotels S Mixed-use residential & commercial 4 Business park 5 Shopping mall 6 Museum 7 Theatres 8 Residential complexes 9 Wadi Park 10 District Park 11 Hospital & health facilities 12 School Phase 1B Phase 1A 9 1 University / College 14 Mosque 15 Police station Utilities 17 Recreational area Government district 16 17

Illustrative masterplan Phase 1A & 1B 1 2 Phase 1A and Phase 1B, which are open for investments mark the first of many future phases that meet the local and international developers interests.

10 Illustrative masterplan Phase 1A & 1B 1 2 Phase 1A and Phase 1B, which are open for investments mark the first of many future phases that meet the local and international developers interests. The diverse mix of development components comprise large commercial and residential segments, a shopping mall and closed retail and at least four hotels, health and educational facilities, in addition to the cultural recreational and civic facilities. Phase 1A 1 Business park 2 Shopping mall Mixed-use residential & commercial Phase 1B Phase 1A 18 19

11 7 Market opportunities Asset mix Phase 1 Gross Floor Area (GFA) components Madinat Al Irfan / Investor Opportunities Madinat Al Irfan has a total Built Up Area (BUA) of ~6. Mn sqm with a mixed-use offering Phase 1A Phase 1B 1 Component GFA m 2 Component GFA m Shopping mall 150,000 Mid-rise apartments 460,267 76% Business park 1 85,000 Low-rise apartments 41,99 Business park 2 40,575 Villas 9,599 West Bank apartments 26,400 Town villas 2,519 Family hotel,580 Town houses 20,917 Mosque - Business park 607,90 Retail hotel 25,110 4 and 5 star hotels 48, East Bank apartments 45,000 Fragmented retail 55,94 Wadi boutique hotel 26,850 Souq 8, Education (schools/kindergartens) 5,125 Health Care (polyclinics/day care centres) 14,075 Civic/utilities 19,619 Total BUA MAI East 10% Phase 1A MAI Central 56% MAI Heights 16% MAI West 9% Percentage share of total BUA MAI Villages 7% MAI Parks 2% Total 42,515 Total 1,494,94 24% Residential 29% Commercial 5% Retail 8% Residential 41% Commercial 6.5% Retail Residential Commercial Retail Hospitality Government and civic facilities (Inclusive of schools, hospitals, universities, mosques, etc.) 11% Hospitality 1% Civic.5% Hospitality 11% Civic 20 21

OCEC features Madinat Al Irfan / Investor Opportunities Oman Convention & Exhibition Centre The world s new hub for business events Meeting rooms Auditorium Grand & junior ballrooms Exhibition halls

Located in its own fully integrated business precinct, this world-class facility is perfectly suited to host international, regional and national conventions, exhibitions and business events.

Architecturally advanced in design and capability, this world-class venue will be amongst the first to be built to meet the rigorous Leadership in Energy and Environmental Design (LEED) Certification

12 OCEC features Madinat Al Irfan / Investor Opportunities Oman Convention & Exhibition Centre The world s new hub for business events Meeting rooms Auditorium Grand & junior ballrooms Exhibition halls Event planning VIP lounges Five star catering Disability access Multi-storey parking Speakers preparation & business centres Set to become an iconic landmark for Muscat and the Sultanate of Oman. Located in its own fully integrated business precinct, this world-class facility is perfectly suited to host international, regional and national conventions, exhibitions and business events. Amongst its features are a tiered-auditorium seating,200 delegates, a total of 28 meeting spaces plus 22,000 square metres of column-free divisible exhibition space. Architecturally advanced in design and capability, this world-class venue will be amongst the first to be built to meet the rigorous Leadership in Energy and Environmental Design (LEED) Certification by the U.S. Green Building Council. The design of the purpose built Conference Centre ensures a flow of the meeting space to meet the specifications as outlined in the bid documents. It also incorporates expansive concourse areas to enable ease of large delegations with floor to ceiling windows overlooking landscaped gardens and water features. OCEC auditorium In addition, there is a five star hotel, the JW Marriott linked to the Convention Centre, plus a four-star Crowne Plaza, and an additional four-star and three-star hotel, with a combined total of 1,000 rooms on site in close proximity to the Centre. The Oman Convention & Exhibition Centre is managed by AEG Ogden, a global venue management company that manages centres around the world with vast experience in successfully managing international meetings of up to 12,000 people. 22 OCEC concourse 2

9 Investment opportunities Driving shareholder value through secure long-term revenues Supported by many enablers, such as the

close proximity to Muscat International Airport make Madinat Al Irfan the ideal centre of attraction for real estate investors and

The city centre will be home to many businesses, growing technology, high end lifestyle and lively communities.

The mixed use investment attraction is also home to the Iconic Oman Exhibition and Convention Centre.

friendly through a special and carefully established regulatory framework.

13 9 Investment opportunities Driving shareholder value through secure long-term revenues Supported by many enablers, such as the strategic location in the Muscat urban corridor, exceptional connections to major infrastructure and transportation networks plus its close proximity to Muscat International Airport make Madinat Al Irfan the ideal centre of attraction for real estate investors and developers in Oman for the foreseeable future. The city centre will be home to many businesses, growing technology, high end lifestyle and lively communities. The cultural and commercial vibrancy defines the cities economic vitality to investors. The mixed use investment attraction is also home to the Iconic Oman Exhibition and Convention Centre. Most importantly, Madinat Al Irfan will introduce unique partnership models that can be described as flexible, attractive and investor friendly through a special and carefully established regulatory framework. Various partnership and investment models are available for developers based on the classifications of the respective real-estate segments. Investment options Commercial Residential Shopping mall Retail Hotels Health facilities Educational facilities Cultural facilities Recreational facilities Civic facilities Madinat Al Irfan / Investor Opportunities Hospitality Retail Commercial Civic 24 25

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15 Oman Tourism Development Company SAOC omran.om

Tourism & Real Estate Sector

Tourism & Real Estate Sector Duqm Calls Seminar Singapore 2013 by 9 th Sep 2013 Presented by : Mr. Salah Salim Al-Ghazali Investment Department Content Omran and its Philosophy Projects Overview Investment