RENAISSANCE AWARDS DUQM PAC CONTRACTS

MUSCAT: Renaissance Services has awarded the two main construction packages for the Duqm permanent accommodation for contractors (PAC) project to S&T and Al Hajiry.

With RO100m of investment, Renaissance Services and its partners believe the accommodation project shows the world how well Oman takes care of blue-collar workforces in remote locations, offering high standards of facilities and services at unbeatable prices, a press release said on Tuesday.

Duqm PAC is an ambitious project which will be part-owned by local community investors and Omani pension funds. The size of the design, for over 16,000 residents, gives more to customers for every dollar.

The simple economies of scale mean effective revenue generation, while offering world-class standards of comfort, safety and environmental efficiency.

Chief executive officer Stephen Thomas said, “Duqm is an important part of Oman’s long-term vision, and people know how excited Renaissance Services are to get the private sector behind national ambition through the Duqm PAC. Together, we have created a commercially exciting project, which meets the tough Renaissance test: Safe, efficient, green and local. Our services business is on track to double revenue and profit over the next two to three years, and the Duqm PAC project has a part to play in that growth.”

SOURCE: MUSCAT DAILY