Usufruct Agreements Worth RO 37 million Inked: Oman Housing Ministry

By News Desk on May 29, 2022

Muscat (ONA) : The Ministry of Housing and Urban Planning today signed 23 land development (usufruct) agreements with several private sector companies. The agreement, worth RO 37 million, cover various sectors, including business, sports, education, rehabilitation, agriculture, health and fuel filling station.

Those lands are distributed over the governorates of Muscat, South Al Batinah, North Al Batinah, North A’Sharqiyah, A’Dhahirah, A’Dakhiliyah and Al Wusta.

The agreements were signed with the companies by Dr.Mohammed Ali Al Mutawa, Undersecretary of the Ministry of Housing and Urban Planning for Urban Planning.

Al Mutawa said that the agreements aim to stimulate the economy and boost investments. He also affirmed that the ministry is ready to help investors overcome challenges in those fields.

More lands will be offered for bidding in the coming period, including several locations for integrated stations in the Wilayat of Barka, Haima, Saham and Liwa and added Al Mutawa.

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