Sayyid Fatik bin Fahr al Said companies (FBF) and the Arab Malaysia Development Company (AMDC) have signed an agreement to develop Oman’s largest ever indoor theme park at a cost of OMR40m (£64.2m, US$104m, €76m).

The 25,000sq ft (2,322sq m) Majarat Oman is expected to be completed by Q1 of 2016 and will feature, a waterpark, entertainment facilities, retail facilities, restaurants, a cinema, conference facilities and a selection of rides.

The park will comprise of four zones including Alien Colony, Fuzzie’s World, Space Station and Neptune Waterpark.

Expected to create 300 jobs, the new attraction will also have live performances and shows.

“We are looking at 350,000 domestic visitors and 150,000 foreign visitors,” said Syed Asad Ali, managing partner of AMDC.

The Australia-based Sanderson group is the design and build consultant of the project, which has already been given approval by Oman’s Ministry of Tourism.