The Wave bucks trend, to expand workforce

28 March 2009
MUSCAT -- The Wave Muscat, the $2.5 billion mixed-use beachfront development, is bucking the global economic and real estate industry downturns with the announcement of a workforce expansion across its portfolio.

With its first hundred villas delivered earlier this year, The Wave Muscat is moving steadily ahead with its plans to deliver luxury apartments and town homes, leisure and retail components on schedule. The company has identified at least 27 immediate new openings across its functions to propel growth.

Nick Smith, CEO, The Wave, said: "The Wave's resilience and growth in difficult conditions is a measure of the confidence in its offering from investors across Oman and the AGCC. We are proud to make this contribution to the Oman community, and look forward to securing the best available talent to strengthen our operations."

The downturn, he added, is a signal opportunity for carefully considered development projects like The Wave to boost resources and improve efficiency. More than 700 homes are currently under construction at The Wave, Muscat, with 300 scheduled for delivery in Q4 2009. More than 5,000 men and women currently staff the company's operations.

Abdullah Al Shidi, deputy CEO, The Wave, Muscat, praised the company's staff for driving the company forward and ensuring quality and timely delivery and service. "The Wave is driven by the greatness of its people, Omani nationals and expatriates, who work together to deliver this outstanding project because they believe in its significance for the economy and its quality."