Dar Global Awards Key Contracts for AIDA Phase 1 in Oman
Elevating oman’s luxury residential offerings
3 min
Dar Global, the London-listed luxury international real estate developer, announced the awarding of two significant contracts for the first phase of AIDA, a landmark urban development in Oman. This milestone underscores Dar Global’s vision to create a world-class real estate marvel in Oman, working with best-in-class partners to deliver unmatched luxury and value.
AIDA, a joint venture with Omran Group, Oman’s primary organization for tourism development, integrates luxury golf, residential, and hospitality components. Set for Phase 1 completion in 2027, AIDA is strategically located by the sea and 130 meters above sea level, offering unparalleled sea views and residences that harmonize with the cliffside environment.
Infrastructure Contract Awarded to Oman Shapoorji Company LLC
The infrastructure work for AIDA’s first phase has been awarded to Oman Shapoorji Company LLC. The contract, valued at OMR 9,345,653, entails designing and constructing essential infrastructure, including roads, water, and electricity networks, utility installations, drainage, and sewage systems as well as developing the surrounding road network within AIDA. These efforts ensure the highest technical standards, seamlessly complementing AIDA’s luxurious offerings and supporting its residential and commercial phases.
Ziad El Chaar, CEO of Dar Global, said: “Announcing the infrastructure contract marks a significant step towards realizing our ambitious vision for AIDA. We are excited to reach these pivotal stages of the project, which exemplifies our unwavering commitment to elevating Oman’s tourism and real estate sectors. This contract strategically strengthens our portfolio of luxury developments in prime global locations. AIDA will set new benchmarks for luxury and innovation, reinforcing Oman’s position on the global stage”.
Main Works Construction Contract for Villas Awarded to Towell Construction & Co. L.L.C.
The main works construction contract for Phase 1 villas has been awarded to Towell Construction & Co. L.L.C., with a contract value of OMR 14,242,810. Towell Construction will oversee the construction of the townhouses and villas, ensuring meticulous attention to detail and adherence to optimal quality standards.
Chaar added: “The villas will epitomize luxury and exclusivity, featuring modern designs and premium finishes that seamlessly complement AIDA’s unique natural surroundings and topography. This contract marks a major leap forward in our mission to provide a world-class living experience in AIDA, reflecting our steadfast commitment to enhancing Oman’s residential offerings and strengthening our portfolio of luxury developments in key global locations.”
AIDA: Redefining Luxury and Innovation
Spanning 5 million square meters and situated just 10 minutes from Downtown Muscat, AIDA aims to redefine standards in architectural excellence, environmental sustainability, and bespoke living. Featuring opulent mansions, limited-edition villas, and sophisticated apartments, the project will elevate Oman’s global standing as a premier tourist, residential, and investment destination.
Residents and visitors of AIDA will enjoy exclusive amenities, including immersive experiences, enchanting residences, hospitality offerings, recreational facilities, spectacular outdoor landscapes, and exquisite dining options. Additionally, in collaboration with the Trump Organization, AIDA will boast a luxury Trump Golf Course, further enhancing its allure as a world-class destination.
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To empower local talents in the fashion industry
3 min
The Chalhoub Group has unveiled the second edition of the Fashion Lab, an innovative initiative designed to support and nurture local fashion talent in Saudi Arabia. Powered by The Greenhouse, Chalhoub Group’s hub for innovation and entrepreneurship, and in collaboration with the Saudi100 program, the Fashion Lab opens its doors to a new cohort of Saudi Arabian fashion brands specializing in ready-to-wear, accessories, handbags, and jewelry.
Fashion entrepreneurs across the Kingdom are now invited to apply for this intensive six-month program. The Fashion Lab is crafted to provide participants with an intensive curriculum that covers essential aspects of fashion business fundamentals, commercialization strategies, and entrepreneurial skills.
This initiative is a testament to Chalhoub Group’s dedication to contributing to Saudi Arabia’s Vision 2030, fostering local talent, and driving innovation within the Saudi fashion industry.
Joaquin Mencia, Chief Innovation Officer at Chalhoub Group, commented: “The Fashion Lab is yet another testament to Chalhoub Group’s unwavering commitment to fostering innovation and excellence in the Saudi fashion scene. After the great success of the first cohort of the Fashion Lab, we are launching Cohort 2 with double the efforts and expanding our perks for the next batch of Saudi fashion brands. With the exciting addition of The Greenhouse’s newly opened location in Riyadh, we are well-prepared to host Cohort 2 in a dynamic environment designed to nurture creativity and innovation. We are committed to providing an unparalleled experience that will empower the next generation of Saudi fashion brands to thrive and reach new heights.”
The first cohort of The Fashion Lab produced remarkable success stories that highlight the program’s impact. Brands like KAFBYKAF have gone on to receive significant acclaim. “The Fashion Lab gave KAFBYKAF the unique experience of selling on a Chalhoub Group platform and receiving guidance and exclusive access to senior leaders and retail experts from the Group, which was incredibly valuable to my brand,” said Kawthar Alhoraish, Founder of KAFBYKAF. “I recommend this program for any brand ready for acceleration.”
“Having worked closely with the brands in the first cohort of The Fashion Lab, I have witnessed firsthand the incredible talent and potential within the Saudi fashion industry,” said Joseph Chalhoub, General Manager of Fashion KSA at Chalhoub Group. “This program is a transformative journey that provides real support, knowledge sharing from retail experts, and commercial opportunities for local brands to thrive.”
This year’s cohort will offer ten Saudi brands a unique chance to gain mentorship and guidance from prestigious partners such as Boltable Studios, Instagram and Snap Inc. The program will be hybrid, based out of Riyadh, and will feature approximately 30 exclusive mentorship and workshop sessions. Successful applicants will have the rare opportunity to bring their collections to life on one of Chalhoub Group’s sales channels.
For more information and to apply, visit The Fashion Lab’s official webpage from June 27 until July 18, 2024, on the following link:
https://www.chalhoubgreenhouse.com/thefashionlab
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
