tag:blogger.com,1999:blog-6283845125208268798.post4696941438209298885..comments2024-03-27T11:21:40.742+04:00Comments on Muscat Confidential: Woes continue at Blue City. Poor sales and Bovis heads for the exitUndercover Dragonhttp://www.blogger.com/profile/10577931944980469254noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6283845125208268798.post-3567865169895538042008-12-01T14:42:00.000+04:002008-12-01T14:42:00.000+04:00Dear Oo-> I do not have the time my friend to w...Dear Oo-> I do not have the time my friend to write in many blogs...<BR/>All-> you will find true answers and some very interesting discussions with people that are not biased and are seeking the truth(e.g. Ahmed) and some not very interesting exchange of accusations with blinded critics/biased/fanatics who are not interested in facts and when facts are presented to them they are talking about "tortures" (this is my friend Oo) in the discussion that has taken place the last two thee days in newsbriefs...Enjoy!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-75169977816176202292008-11-29T09:55:00.000+04:002008-11-29T09:55:00.000+04:00I'm certainly not shareholder or buyer. I simply h...I'm certainly not shareholder or buyer. I simply have nothing to gain or lose when it comes to the success of Blue City. I am just interested in what is really (not) happening, not in what Blue City wants us to believe. If you really wish this project to be a success, you (as one of Blue City executives) should start with providing factual and full information to the public. But that would be very inconvenient for Blue City, wouldn't it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-1875945286186963452008-11-27T22:37:00.000+04:002008-11-27T22:37:00.000+04:00My dear friend Oo… By using the name “stakeholder”...My dear friend Oo… By using the name “stakeholder” I obviously do not hide as to where I stand…I am not a shareholder…I am a stakeholder…I am on the side of those who wish this project to be a success - as any Omani, expat, or anybody else working in the wider spectrum of the real estate development industry should be – tell us where you stand...so the reliability of your comments can also be judged accordingly...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-71331866413756904642008-11-27T13:43:00.000+04:002008-11-27T13:43:00.000+04:00Stakeholder, right? Let me guess - working for Blu...Stakeholder, right? Let me guess - working for Blue City; probably one of the many new executives appointed over the past few months? Hardly a reliable source of information I would think.<BR/><BR/>The insight is that for a long time now, the only positive news regarding this project is coming from the project company itself. Whether it is in the newspapers, the blogs or elsewhere, no good news has come from buyers, investors, contractors, consultants, project managers, real estate agents, rating agency, banks, general public, etc. <BR/><BR/>The only angels involved are probably those who's personal future (and financial gain!) directly depends on the continuation of this project.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-49077706773672327842008-11-26T20:20:00.000+04:002008-11-26T20:20:00.000+04:00HE and his high-level friends have to date not bee...HE and his high-level friends have to date not been able to get this project on track. I indeed don't see how they would be able to do this now after the global crisis has arrived in the region.<BR/>Anyway, sweet dreams Mr. Stakeholder.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-23040346235570045622008-11-25T18:08:00.000+04:002008-11-25T18:08:00.000+04:00The insight is this - one way or another this proj...The insight is this - one way or another this project is going to be a great success.<BR/><BR/>The fact that many out there believe the opposite just creates a huge opportunity for those who can see a little bit forward.<BR/><BR/>This project has its angels...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-50684548091901744452008-11-18T15:30:00.000+04:002008-11-18T15:30:00.000+04:00Found some new facts and unanswered queries regard...Found some new facts and unanswered queries regarding Blue City on NewsBriefs. Indeed strange that all has gone quiet when so many interesting things seem to be going on there (as listed on NewsBriefs): 'postponed court case, failing the 3rd sales test, the Fitch-visit, the resignation of the sales executive, the exit plans by the contractor, the departure of the project management company and the related potential legal actions against Blue City, the lack of new sales launches for many months'.<BR/>Any further insights, anybody?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-77166407335298658952008-10-22T20:31:00.000+04:002008-10-22T20:31:00.000+04:00Still no resolution of the court case with AAJ...n...Still no resolution of the court case with AAJ...no design presentations...no construction activities...no sales launch...<BR/>Is Blue City really dead now?<BR/><BR/>IbrahimAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-13855662288007316212008-08-21T21:49:00.000+04:002008-08-21T21:49:00.000+04:00Are you referring to the same CEO who recently sta...Are you referring to the same CEO who recently stated that sales levels were above expectations? At the same time that the contractor said that 95% of the design was completed? Seems to me that both are very qualified.... liers. Note: both statements were made at the 'signing ceremony' for a... catering contract. How sad is that?! Not the desperately awaited ground-breaking ceremony, a sales launch, sales-targets-achieved, handover of first property to the buyers, or whatever sensible celebration... but a ceremony with press-invitations for a simple site-catering deal!? This says it all: there is simply no other (positive) news on Blue City to share with the nation.<BR/><BR/>The GreekAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-28575735024003428982008-08-19T10:57:00.001+04:002008-08-19T10:57:00.001+04:00Great concept indeed but a project of this nature ...Great concept indeed but a project of this nature requires critical mass to attract additional investment - it appears that BCC1 is closer to meltdown than ever. <BR/><BR/>When are we going to see the holding company stop their penny wise pound foolish attitude and hire some top level property professionals to bail their project out of the poo or will they continue to bury their collective heads in the sand until the project is beyond recovery and then look for a scapegoat?(not to say the new CEO is unqualified or lacks experience, but he is an island in the stream and needs the support of a good few strategic thinkers in his Board) <BR/><BR/>Selling the family silver in a fire-sale is a kneejerk reaction to the pressures of the bond terms and not a remedy! Band aid broken leg fix .... make a sentence.<BR/><BR/>White KnightAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-89512392243848603342008-08-19T10:57:00.000+04:002008-08-19T10:57:00.000+04:00Great concept indeed but a project of this nature ...Great concept indeed but a project of this nature requires critical mass to attract additional investment - it appears that BCC1 is closer to meltdown than ever. <BR/><BR/>When are we going to see the holding company stop their penny wise pound foolish attitude and hire some top level property professionals to bail their project out of the poo or will they continue to bury their collective heads in the sand until the project is beyond recovery and then look for a scapegoat?(not to say the new CEO is unqualified or lacks experience, but he is an island in the stream and needs the support of a good few strategic thinkers in his Board) <BR/><BR/>Selling the family silver in a fire-sale is a kneejerk reaction to the pressures of the bond terms and not a remedy! Band aid broken leg fix .... make a sentence.<BR/><BR/>White KnightAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-38444215874242846622008-08-17T20:16:00.000+04:002008-08-17T20:16:00.000+04:00Great article by Matt Ross about the Blue City in ...Great article by Matt Ross about the Blue City in Time Out. "the majority of apartments and villas have already been sold...only a handful still available...". Seems he knows something the CEO doesn't.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-48669388617180823202008-08-17T17:04:00.000+04:002008-08-17T17:04:00.000+04:00BobWell, we'll see... Vitamin W may still be in pl...Bob<BR/><BR/>Well, we'll see... Vitamin W may still be in play. As far as I know the courts are still ongoing.<BR/><BR/>Anon<BR/>PICK a nickname will you? (you're still anonymous)...<BR/>Project Management is of variable quality the world over. But you'd think a country level strategic project of $20bln would be crawling with both high-level international heavyweight experienced project managers and have lots of Government oversight. <BR/><BR/>Its hard to see evidence for either in this case...Undercover Dragonhttps://www.blogger.com/profile/10577931944980469254noreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-14938029357727081662008-08-16T10:23:00.000+04:002008-08-16T10:23:00.000+04:00Thanks for this informative one on Blue City. As ...Thanks for this informative one on Blue City. As you have correctly said there is nothing conceptually wrong with the project, but as is the case with many other project failures in Oman, it is unprofessional management that is the cause of failure in stark contrast to huge success in UAE. You might have read about heads rolling in Nakheel project. Will that happen over here?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6283845125208268798.post-17883732456238315952008-08-15T15:11:00.000+04:002008-08-15T15:11:00.000+04:00I guess this just shows that 'Vitamin W' is just a...I guess this just shows that 'Vitamin W' is just a placebo after all.<BR/><BR/>BobindubaiAnonymousnoreply@blogger.com