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FINANCIAL NEWS
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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