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The Wave resort, the sultanate’s flagship tourism project located along the coast opposite Seeb, has been expanded and revised in concept. As a result of the changes, project costs are now estimated at more than $1,000 million, up from about $800 million, according to Wael al-Lawati, acting chief executive officer of Waterfront Investments. The developer is a joint venture of government-owned Waterfront Investments and Dubai-based Majid al-Futtaim Investments (MEED 10:6:05).