Target submitted a price of RO5.96m ($15.5m) for the project.

The other bidders included the local Al-Mater Trading & Contracting; Gulf Petrochemical Trading & Services, Hassan Bin Juma Bin Backer Trading & Contracting, Gammon International and Towell al-Zawraa Engineering Services Company.

The Wave Muscat is a mixed-use residential and tourism development. It is a joint venture between the Omani government, the UAE’s Majid al-Futtaim Investments and Omani pension funds.