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The man behind the vision of the Blue City

The title is a quote from the Oman Observer of 6th January 2006, describing Ahmed Abubaker Janahi, the Vice Chairman of Al Sawadi Investment and Tourism Company at the signing of the agreement for construction of Phase 1 of the Blue City on 6th January 2006. But it could have been taken from a press release, since the Times of Oman had a similar quote in its article of January 7th.

“Though the Blue City project would be built in Oman, the company that conceived it was a Bahraini. ‘In the wake of globalisation, there will be more and more competition and Bahrain has emerged as a model country with huge assets of human resources and intellectuals in all vital areas. The Blue City has proved the capability of Bahrain for producing a project worth billions of dollars,’ Ahmed Janahi said.

Ahmed Janahi is therefore responsible for what has been termed the largest urban development in the Gulf region valued at $20 billion over15 years - about 80 percent of Oman's gross domestic product in 2004. That’s an awful lot of cash.

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13:18:18 on 01/28/06 by Sue Hutton - Business and industry - 16 comments - Permalink


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