Developers

The Wave, Muscat is a joint venture between Oman’s Waterfront Investments (representing the Government of the Sultanate of Oman), Majid Al-Futtaim Properties and the National Investment Funds Company (representing the Omani Pension Funds).

The Omani Government, in accordance with its Vision 2020, has adopted a strategy to develop a modern tourist infrastructure in Oman – and The Wave, Muscat is at the forefront of this ambition. Majid Al-Futtaim Properties which is a part of the Majid Al Futtaim Group is a UAE-based developer responsible for some of the region’s most successful retail developments including Mall of the Emirates, Ski Dubai and the City Centre Malls, and for the development and management of mixed-use projects, leisure developments and hotels. National Investment Funds Company views the development as a sound long-term investment and has duly taken an equity position in The Wave, Muscat.

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