Omani
Developer Signs Over RO 100 Million in Agreements for Muscat Housing Projects

Muscat,
7 Oct (ONA) — Al Bandar Development Company has secured strategic
partnerships exceeding RO 100 million in investment value through agreements
signed with various local institutions and banks. The signings took place
during the Home and Building Expo at Oman Convention and Exhibition Centre.

The
ceremony was presided over by Eng. Salim bin Nasser Al Aufi, Minister of Energy
and Minerals, with attendance from senior officials and stakeholders in real
estate development and investment sectors.

Among
the executed agreements, the company partnered with Oman Broadband Company to
implement fiber optic infrastructure worth RO 3 million for its “Al Bandar”
project in Al Mawaleh, Wilayat of A’Seeb.

The
developer finalized financing agreements with multiple banking institutions –
including Sohar International Bank, National Bank of Oman, Alizz Islamic Bank,
Bank Muscat and Bank Nizwa – to provide investment solutions for its “Al Masharef
Villas” residential project in Al Qurum. The combined financing value
surpasses RO 50 million, with project management and marketing assigned to Al
Ufuq United Development.

Further
agreements include a RO 20-million partnership with eBinaa Professional
Services to establish a dedicated sales and leasing platform, while Al Osool
Group will handle residential unit management and maintenance. A separate RO 3-million
agreement with Artex Company will enhance the company’s digital marketing presence
and platform management.

The
event also featured the launch of the company’s new visual identity, reflecting
its commitment to creating secure, authentic and inspiring living environments
that enhance quality of life while expanding investment opportunities.

—
Ends/Khalid