• Oman

    • Ministry of Housing and Urban Planning signs 8 agreements worth over RO 150 million

    By on January 4, 2023

    Muscat: To the tune of more than RO 150 million, the Ministry of Housing and Urban Planning today 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 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 up on a total area of 60,000 sqm (for both stations) at a cost of RO 3 million.

    The agreements include a usufruct contract for the expansion of Oman LNG facilities at the Airport Heights in the Governorate of Muscat on a total area of 2,194 sqm—at a cost of RO 1 million.

    The ministry also signed a memorandum of understanding (MoU) for the introduction of an electronic real estate service (“Aqari” Platform), by using blockchain technology, alongside Frontech company (ITHCA Group), to provide a smart, electronic method to sell and purchase lands and properties through the use of digital mediums.

    The agreements were signed by Dr. Khalfan Said Al Shu’aili, Minister of Housing and Urban Planning, and the representatives of private sector firms concerned.

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