NEWS RELEASE

COFFEY PROJECTS ENGAGED AS PROJECT MANAGERS

FOR THE CENTRAL BANK OF OMAN’S NEW ALTERNATIVE BUILDING

The Central bank of Oman announced today that the contract for project management of their new building – that would be designed to meet its business continuity needs - has been awarded to Coffey Projects Middle East Limited.

In commissioning this key project, His Excellency, Hamood Sangour Al Zadjal the Executive President of the CBO stated that emergency preparedness is an integral part of The Central Bank’s enterprise-wide risk management initiative and given the Bank’s role, as a regulator for the banking sector, it had to set an example to the banking sector on the importance and need for emergency preparedness.

He added that the Central Bank’s new building is being planned to be an office centre with a complete state-of-the-art data processing and business continuity facility for the CBO and other external users. Part of the building is intended for practitioners within the banking and finance community.

The building structure will be so designed and constructed that it can be scaled up for future requirements. The technology selection, operating and service requirements for the data processing and business continuity facility will require a highly specialised approach. The security system, vault technology and design, access control and building management system will also require highly specialised designs, but Coffey Projects is not at all daunted by this. “We have project managed some of the world’s largest and most advanced facilities of this type in both Australia and South Africa” said Ian Cameron, MD of Coffey Projects Middle East and newly appointed General Manager of Coffey Projects Oman who will provide the actual project management service for this contract. “As project managers we will bring our considerable knowledge and expertise to the CBO’s team to assist them towards a successful delivery of this prestigious and strategically important project.”

Hamood Al Hashmi, Vice-Chairman of the Al Dar Group said “Coffey bring an enormous range of global experience and specialist management skills and systems that will be of great advantage to not only the Central Bank, but to Oman’s strategic development plans and its economic growth generally.”

Coffey Projects is part of the Australian based Coffey International group of specialist consultancies with over 4,000 staff working in 80 countries around the globe, and has been operating in the United Arab Emirates for over ten years. During this time it provided project management consultancy services to over 30 projects for a wide range of clients including large development corporations, private investors, and government ministries.