The Wave, Muscat and Oman Real Estate Association sign strategic partnership agreement
March 2014

Aiming to promote real estate sector

• The Wave, Muscat to fund comprehensive training programmes and functions implemented by ORA
• Sharing expertise to contribute in marking sector KPIs

MUSCAT, 18 March 2014: The Wave, Muscat signed today a strategic partnership agreement with the Oman Real Estate Association (ORA) at The Wave, Muscat. The agreement is aimed at promoting the real estate sector in the country, supporting the efforts and role of the Oman Real Estate Association to organize the real estate market and developing the practices of real estate industry in coordination with the concerned bodies within the framework of the country’s laws and regulations.

The agreement was signed by His Excellency Eng. Mohammed bin Salim Al Busaidi, Chairman of the Oman Real Estate Association and Hawazen Esber, CEO of The Wave, Muscat.

Through this partnership agreement, The Wave, Muscat and Oman Real Estate Association (ORA) will work accordingly to design a specific programe aiming to regulate the real estate sector and its mechanisms in a bid to ensure sustaining the public interest and reaching professionalism and objectivity. With the collaborative efforts of both sides, the programe will also help maintaining the rights of all concerned parties and positioning the Sultanate as a promising investment destination offering clear indicators complying with Oman’s real estate policy and international standards in this regard.

This strategic agreement urges both parties to mark the Key Performance Indicators (KPIs) of the real estate sector and plan professional training programmes for players of all levels in this field. Such programmes will be designed to touch on the best practices of real estate market which assist achieving the objectives of Oman Real Estate Association.

His Excellency Eng. Mohammed bin Salim Al Busaidi, Chairman of Oman Real Estate Association (ORA), pointed out: “We are very pleased to partner with The Wave, Muscat as one of the pioneering and successful Integrated Tourism Complexes in the country. This agreement will bring about a bigger dimension beyond the financial support; it includes transferring knowledge and sharing expertise. Sufficiently, the partnership will serve the real estate sector and all parties and individuals involved in this filed regardless the size of their projects and business”.

Commenting on this partnership agreement, Hawazen Esber, CEO of The Wave, Muscat said: “The Wave, Muscat is always seeking for remarkable opportunities to contribute in backing the real estate market and strengthening the significant role played by the tourism and real estate development companies. Both sectors, tourism and real estate, are very crucial in promoting Oman as a world-class tourism destination to attract investors from within and outside the Sultanate through various programmes and events in which successful projects and experiences are presented”.

“The Wave, Muscat stands as a real exemplary of real estate development enjoying a broad base of expertise in this aspect. We are pleased to share our ample experiences with Oman Real Estate Association and all those interested to benefit and help in serving the public interest”, Hawazen noted.