Sering wins $1.24bn Oman project

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Sering wins $1.24bn Oman project

Italy’s Sering has recent been awarded a contract to work on the $124 billion Muttrah redevelopment project.

The Italian firm will work up plans for the redevelopment of the Muttrah Souq, which is the centrepiece of the neighbourhood and an important tourist destination in Muscat, in the bay where the new cruise liner terminal is to be housed.

Its designs will also include plans for the redevelopment of the wider Muttrah neighbourhood, Construction Week Online reported, citing the Oman Daily Observer.

The work is being carried out for Muscat Municipality, which will need to approve the concept designs before detailed redevelopment plans start.

The work is aimed at modernising many of the facilities in the area, including water and sewerage services, while retaining its old world feel.

Ideas for the redevelopment of the area were first initiated around five years ago when it became evident that the area’s narrow streets and old buildings made it impossible for water provider Haya Water to upgrade its network in the built-up area.

Source: Arabian Business

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.