This project is located at Sur on the South Al Sharqiyah coast in Oman. Client, who has been granted the exclusive mandate by the Omani government to design, finance, build and operate the Port of Sur on a concession basis, has wrapped up Phase 1 of the project centering on the completion of feasibility studies and preliminary design work. Client has presented the Final Bankable Feasibility Study and Preliminary Design of the Port of Sur to a supervising committee of the Government of Oman. With the signing of the 50-year concession and submission of the report, the project has now moved to its second stage - the raising of capital of $1.5 billion, to complete the first stage of the project. Client is working in cooperation with Public Establishment for Industrial Estates (PEIE) and its investment arm Shumookh Investment Services in the proposed port project. It is understood that a leading Chinese state-owned construction firm is interested in building and financing the project, while an international JV, comprising French and Chinese players, is eager to provide operation and management services to the facility. Construction work on the seaport is expected to commence at the end of the first quarter of 2019.