Oman’s Aqar wins USD1bn versatile project deal

27 Jun 2016

(MENAFN) Omani firm Aqar has signed deals for the lease of land in Duqm Special Economic Zone for the construction of a mixed-use project at an investment of USD1.09 billion, said a report.

In detail, the project, which will contain tourism, residential, commercial and retail facilities, will be built in multiple phases, reported Oman Observer.

Consequently, Aqar will acquire a 661,000 sq m plot for this scheme, and that comes after a usufruct agreement made with the Special Economic Zone Authority in Duqm (Sezad).

Aqar, also Al Khonji Real Estate & Development, is a well-known name in the country, it has delivered a number of commercial and real estate projects across Muscat.

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