Omani Architecture Competes on Global Stage - and is Voted World's Best!

LONDON, December 3 - Oman is celebrating the unprecedented success of The Wave,
Muscat at the prestigious CNBC International Residential Property Awards.

(Photo:
www.newscom.com/cgi-bin/prnh/20091203/369411 )

Michael Lenarduzzi, CEO of The Wave, Muscat, accepted the award for Best
International Architecture which was announced at a glittering ceremony held
in San Diego, California this week.

At this year's CNBC International Property Awards, an independent panel
of 52 judges considered entries from 207 countries and The Wave, Muscat
competed against 29 award-winning finalists from Europe, Asia-Pacific, Africa
and The Americas.

The Wave, Muscat is leading the way for modern Arabian architecture,
setting new standards for quality, design, construction and finish.

Granted its status by Royal Decree, it is the first project in
the Sultanate of Oman to offer freehold status to all purchasers.

It is also the region's first major integrated resort and residential
development, incorporating more than 4,000 new homes, a marina, golf course,
three premier hotels and new retail, leisure and dining opportunities.

The world-class architects - Triad Oman Consultants International,
Meletitiki (Alexandros N Tombazis) and ER International (Carlo Santini) -
have successfully translated traditional Omani designs and way of life into a
modern, practical and enlightening master plan for a new village community.
Villas, townhouses and apartments are set in carefully landscaped grounds
featuring wide tree-lined boulevards, green parks and inland pools and
waterways filled with gently moving seawater. Planting has been carried out
with water conservation in mind.

The new marina will energise the area, attracting motorboats
and the type of yachts that, until now, have rarely been seen in Oman. The
18-hole green links-style golf course - designed by Greg Norman - and its
golf academy, indoor practice nets, gym, spa, treatment facilities, pool bar
and tennis courts will prove a great attraction for tourists and residents
alike.

More than 900 new homes have already been completed at The
Wave, Muscat, the construction of the marina is progressing and work is about
to start on the golf course.

For further information on The Wave, Muscat, please visit the
website on www.thewavemuscat.com.

Editor's Note: For further information or to download images, please
visit The Wave, Muscat's press centre on www.thewave-press.com

The Wave, Muscat is a joint venture between the Omani Government, Omani
Pension Fund and Majid Al Futtaim Investments.

Photo:
www.newscom.com/cgi-bin/prnh/20091203/369411

Media contact: John Roberts, T: +44(0)-1428-751755, john.roberts at craven-property.com