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FINANCIAL NEWS
Muriya secures financing for beach projects
10 Apr 2011
(MENAFN) Muriya for tourism complexes said that it signed a contract with a commercial bank to finance Jebel Sifah and Salalah Beach property in Oman, reported Oman Daily Observer.
It added that agreements like this one help citizens and expatriates to buy villas and apartments, since loans can be paid over the course of twenty years with an interest rate of eight percent and seventy percent funding of the unit price.
It also said that these projects also contribute in the revolution of tourism and real estate sectors in the country.
It is worth noting that Muriya was founded five years ago as a result of a joint venture between Egypt’s Orascom Hotels and Development and Omani government owned Omran.
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