02 February 2012
MUSCAT -- Memorandums of Understanding (MoUs) were inked here yesterday for the establishment of an integrated commercial, leisure, shopping and residential development with an estimated investment of RO 120 million at Sur Industrial Estate.
PEIE was represented by Shaikh Saad bin Mohammed al Saadi, Minister of Commerce and Industry, who is also the Chairman of PEIE Board. Al Sharqiya Real Estate Developer was represented by its managing director, Yasser bin Ali al Alawi.
The project, named 'Sur Gate', stems from an initiative by PEIE's investment arm to establish residential, entertainment and service facilities close to industrial estates around the Sultanate.
Sur has entered a new phase of development with fast-track commercial and industrial development taking place in the wilayat. The most significant of these is the Sur Gate Project, which is proposed to be brought into operation within the next four years.
The project has been conceived as a commercial landmark that will serve not only Sur city but also the entire Sharqiya area.
"Sur Gate is styled as a major investment, commercial and service project located at Sur Industrial Estate. The project will help attract industrial investments as well as promote commercial development in the area," said Hilal bin Hamad al Hasani, CEO, PEIE.
Set on an area of over 200,000 square metres, the first phase of the estimated RO 120 million project will be operational before the end of this year, he added.
Sur Gate includes a hypermarket (11,812 sq metres), shopping mall (58,437 sq metres), hotel and business centre (20,127 sq metres), commercial area (25,670 sq metres), town houses of different sizes and an accommodation complex for the industrial estate employees (5,859 sq metres).
The project will generate more than 500 job opportunities, of which 70 per cent will be assigned for Omanis, Al Hasani said.
A similar residential, service and entertainment project is currently under implementation at Rusayl Industrial Estate in Muscat. "In fact, there are plans to initiate similar projects at Sohar Industrial Estate, and in future, at Nizwa and Samayil industrial estates," he added.
Among its many features are a world-class mall with retail outlets, cafes and a food court. The mall will also boast a hypermarket, which promises quick and convenient shopping. A four-screen cinema hall will provide a complete recreational experience under one roof.
Also envisaged is a luxurious hotel with 18 suites and 144 deluxe rooms, serving as a perfect destination for business travellers and weekend visitors. The hotel will be equipped with a range of leisure facilities including a gymnasium and rooftop swimming pool.
A perfectly designed business bay is one of Sur Gate's many distinctive features. Besides luxurious, spacious and multi-purpose offices, the facility will include four exhibition halls for meetings and conferences, a lounge with cafes and a mini mart specialising in office services.
Commenting on the significance of the project, Yasser al Alawi of Al Sharqiya Real Estate Developers said: "The importance of the Sur Gate project lies in serving the wilayat of Sur and the neighbouring wilayats, as well as serving Sur Industrial Estate which represents the economic gateway of the wilayat. Tourism ventures along the eastern coastal region along with the Ras al Hadd Airport make the Sur Gate project imperative to the area's economic success."
MUSCAT -- Memorandums of Understanding (MoUs) were inked here yesterday for the establishment of an integrated commercial, leisure, shopping and residential development with an estimated investment of RO 120 million at Sur Industrial Estate.
PEIE was represented by Shaikh Saad bin Mohammed al Saadi, Minister of Commerce and Industry, who is also the Chairman of PEIE Board. Al Sharqiya Real Estate Developer was represented by its managing director, Yasser bin Ali al Alawi.
The project, named 'Sur Gate', stems from an initiative by PEIE's investment arm to establish residential, entertainment and service facilities close to industrial estates around the Sultanate.
Sur has entered a new phase of development with fast-track commercial and industrial development taking place in the wilayat. The most significant of these is the Sur Gate Project, which is proposed to be brought into operation within the next four years.
The project has been conceived as a commercial landmark that will serve not only Sur city but also the entire Sharqiya area.
"Sur Gate is styled as a major investment, commercial and service project located at Sur Industrial Estate. The project will help attract industrial investments as well as promote commercial development in the area," said Hilal bin Hamad al Hasani, CEO, PEIE.
Set on an area of over 200,000 square metres, the first phase of the estimated RO 120 million project will be operational before the end of this year, he added.
Sur Gate includes a hypermarket (11,812 sq metres), shopping mall (58,437 sq metres), hotel and business centre (20,127 sq metres), commercial area (25,670 sq metres), town houses of different sizes and an accommodation complex for the industrial estate employees (5,859 sq metres).
The project will generate more than 500 job opportunities, of which 70 per cent will be assigned for Omanis, Al Hasani said.
A similar residential, service and entertainment project is currently under implementation at Rusayl Industrial Estate in Muscat. "In fact, there are plans to initiate similar projects at Sohar Industrial Estate, and in future, at Nizwa and Samayil industrial estates," he added.
Among its many features are a world-class mall with retail outlets, cafes and a food court. The mall will also boast a hypermarket, which promises quick and convenient shopping. A four-screen cinema hall will provide a complete recreational experience under one roof.
Also envisaged is a luxurious hotel with 18 suites and 144 deluxe rooms, serving as a perfect destination for business travellers and weekend visitors. The hotel will be equipped with a range of leisure facilities including a gymnasium and rooftop swimming pool.
A perfectly designed business bay is one of Sur Gate's many distinctive features. Besides luxurious, spacious and multi-purpose offices, the facility will include four exhibition halls for meetings and conferences, a lounge with cafes and a mini mart specialising in office services.
Commenting on the significance of the project, Yasser al Alawi of Al Sharqiya Real Estate Developers said: "The importance of the Sur Gate project lies in serving the wilayat of Sur and the neighbouring wilayats, as well as serving Sur Industrial Estate which represents the economic gateway of the wilayat. Tourism ventures along the eastern coastal region along with the Ras al Hadd Airport make the Sur Gate project imperative to the area's economic success."
© Oman Daily Observer 2012
