Six agreements signed to develop 5,000 residential units in different parts of Oman

Six agreements signed to develop 5,000 residential units in different parts of Oman

Muscat: The “Third Real Estate Development Conference”, held in conjunction with the “18th edition of the Design and Construction Week”, began at Oman Convention and Exhibition Centre on (OCEC) on Monday.

The joint event, which will last several days, is being organised by the Ministry of Housing and Urban Planning in cooperation with Oman Real Estate Association. It is a global event attended by real estate developers and those interested in the field of real estate development.

The opening ceremony was held under the auspices of Abdulsalam Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA).

During the conference, 6 partnership and development agreements were signed within the “Integrated Residential Plans and Neighbourhoods Project”.

The projects occupy a total area of 3.3 million square metres and they have an investment value of OMR333 million. They provide more than 5,000 residential units, as follows:

“Al-Luban Neighborhood” project, in the Wilayat of Nakhal, Governorate of South Al Batinah; the “Majd Neighborhood” project in the Wilayat of Sohar, Governorate of North Al Batinah; the “Husn Al Zain” project in the Wilayat of Bidbid, Governorate of A’Dakhiliyah; the “Al Ahd Neighborhood” project in the Wilayat of Al Amerat, Muscat Governorate, the “Tilal Al Nakheel” Project in the Wilayat of