Ras Al Khaimah has long been a popular escape for those living and working in Dubai and the wider Gulf region, offering beautiful beaches, quieter resorts and plenty of opportunities to enjoy the outdoors.
In recent years, as RAK’s popularity and appeal has grown, so has the scale of projects in the region, delivering ambitious hospitality, residential and infrastructure destination-planned schemes whilst working hard to protect the qualities of the emirate that carry such broad appeal.
Innovation in cost benchmarking
In his interview, Nick comments that while cost benchmarks established in Dubai are a useful reference point, RAK projects should be costed independently according to the location and logistics of each site, its utilities and services, and the capacity of contractors.
Omnium’s IOX technology partnership allows for the consistent and efficient comparison of tenders through ioProcure, focusing on successful project delivery as a whole rather than solely price-based procurement.
The current conflict in the region presents its own challenges, including supply chain security of imported materials, and Nick comments that it is vital project teams test resilience in the supply chain, and in the strength of contractor teams.
Applying industry-leading expertise to OYSTRA
Omnium International is currently appointed to OYSTRA, a large, multiphase development on the man-made Al Marjan Island stretching across 128,000 sqm and comprising 950 residences, state-of-the-art amenities, resort-style leisure facilities and complex infrastructure.
Nick comments: “Supporting OYSTRA from our regional offices and on site keeps us close to the team, so issues are addressed while there is still time to act.”
Commercial goals are central to Omnium’s approach across every project. Nick notes that this is particularly key for RAK developments, maintaining RAK’s unique appeal and meeting market demand whilst ensuring that developments have a strong commercial foundation.
Nick comments: “Success should be judged by projects that open as planned and remain commercially sound, not the number announced.”
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