Oman Signed agreement for Projects Worth $438.5m

Oman Signed agreement for Projects Worth $438.5m

The Ministry of Housing and Urban Planning, Oman signed eight agreements to implement projects in the fields of real estate development and integrated service stations in the governorates of Muscat, North Al Batinah and South Al Batinah.

The total value of agreements are over RO 168.6 million.

The agreements include the construction of an integrated city in the Wilayat of Al Amerat comprising full urban facilities, on an area of more than 445,000 sqm. The city will provide 1,050 housing units valued at RO 60 million.

As part of the projects, a similar city will come up in the area of Halban, Governorate of South Al Batinah, on an area of more than 637,000 sqm—to provide 1,350 housing units valued at RO 100 million.

The agreements also provide for the expansion of integrated service stations, on the basis of usufructuary contracts to lease lands for residential, commercial and tourism purposes. To this effect, agreements were signed to set up two integrated service stations in the wilayats of Liwa and Saham, Governorate of North Al Batinah, on a total area of 45,000 sqm—at an investment cost of RO 4.6 million.

In the Wilayat of Barka, South Al Batinah Governorate, two integrated service stations will be set