18 January 2012
MUSCAT -- Alargan International Real Estate Company, a Kuwait-based real estate developer, announced the opening of the onsite sales office of an integrated housing project Qurm Hills. The project concept consists of developing residential, retail and commercial buildings.
The sales office was officially opened yesterday by Khaled al Mashaan, Alargan Chairman and Managing Director. He said: "The sales office is now fully operational and we are now able to take bookings, viewings and organise sales. The development, comprising of 109 plots, including road networks, service facilities and landscaped park areas includes a variety of residential units in addition to retail, commercial and office space."
To ensure the project adheres to the upmost standards and specifications, Alargan appointed Parsons as the project's design and construction consultants. Qurm Hills is situated in a prime location which enjoys easy accessibility to the main road network and direct connectivity to public utility services.
The project's infrastructure has been designed according to the highest standards to ensure the protection of the project site from any possible flooding.
Qurm Hills covers a total land area of 165,000m2 where infrastructure work has already begun on the project, located in the capital city of Muscat behind Al Harthy Complex and The Sultan Center.
The real estate sector in the Sultanate has witnessed a significant rise in recent years. The rapid expansion of the construction industry is largely due to government spending and economic diversification, where construction contract awards are expected to grow from an estimated $1,213 million in 2011 to $3,034 million in 2013.
Chief Marketing Officer of Alargan International Real Estate Company, Tony Safarian stated: "Efforts to diversify the economy through tourism, new tax and privatisation laws as well as government-endorsed developmental plans, have all led to tremendous growth in the Sultanate's real estate market, thus creating a market-friendly economic environment".
Kuwait-based Alargan International Real Estate Company has had a presence in the Sultanate since 2003. The company is one of the leading real estate developers in the region with a main focus on providing middle-income housing.
Alargan has an operating capital of over $95 million and approximately $2.4 billion in assets under management. Other than Oman and as a result of its excellent track record and success, the company currently has fully operating affiliates in Saudi Arabia and Bahrain. In addition, the company has established development offices in the United Kingdom, Egypt and Lebanon.
An RO 51 million project covers a total land area of 164,900 square metres with a variety of residential units and retail, commercial and office space. -- Pic by Shamsa Hamed al Harthiya.
MUSCAT -- Alargan International Real Estate Company, a Kuwait-based real estate developer, announced the opening of the onsite sales office of an integrated housing project Qurm Hills. The project concept consists of developing residential, retail and commercial buildings.
The sales office was officially opened yesterday by Khaled al Mashaan, Alargan Chairman and Managing Director. He said: "The sales office is now fully operational and we are now able to take bookings, viewings and organise sales. The development, comprising of 109 plots, including road networks, service facilities and landscaped park areas includes a variety of residential units in addition to retail, commercial and office space."
To ensure the project adheres to the upmost standards and specifications, Alargan appointed Parsons as the project's design and construction consultants. Qurm Hills is situated in a prime location which enjoys easy accessibility to the main road network and direct connectivity to public utility services.
The project's infrastructure has been designed according to the highest standards to ensure the protection of the project site from any possible flooding.
Qurm Hills covers a total land area of 165,000m2 where infrastructure work has already begun on the project, located in the capital city of Muscat behind Al Harthy Complex and The Sultan Center.
The real estate sector in the Sultanate has witnessed a significant rise in recent years. The rapid expansion of the construction industry is largely due to government spending and economic diversification, where construction contract awards are expected to grow from an estimated $1,213 million in 2011 to $3,034 million in 2013.
Chief Marketing Officer of Alargan International Real Estate Company, Tony Safarian stated: "Efforts to diversify the economy through tourism, new tax and privatisation laws as well as government-endorsed developmental plans, have all led to tremendous growth in the Sultanate's real estate market, thus creating a market-friendly economic environment".
Kuwait-based Alargan International Real Estate Company has had a presence in the Sultanate since 2003. The company is one of the leading real estate developers in the region with a main focus on providing middle-income housing.
Alargan has an operating capital of over $95 million and approximately $2.4 billion in assets under management. Other than Oman and as a result of its excellent track record and success, the company currently has fully operating affiliates in Saudi Arabia and Bahrain. In addition, the company has established development offices in the United Kingdom, Egypt and Lebanon.
An RO 51 million project covers a total land area of 164,900 square metres with a variety of residential units and retail, commercial and office space. -- Pic by Shamsa Hamed al Harthiya.
© Oman Daily Observer 2012
