During the period from the 3rd to the 16th of November

Kuwait - 4 November, 2013 - Alargan Towell Investment Company successfully held a showcase event at the Avenues Mall (Phase I), to display a wide range of its lucrative real estate investment opportunities across Oman. The exhibition will showcase a variety of different projects to cater to the diverse investment appetites of investors interested in the Omani market. 

Mr. Hussain Jawad, Chairman of Alargan Towell, mentioned, "The Omani market plays an important role for Kuwaiti families and investors, as it offers an alternative option for a holiday destination and a safe haven for investment opportunities, especially in the real estate sector. Our numerous projects with various locations, styles and prices provide the Kuwaiti families and investors sufficient choices to choose from while providing quality products with an attractive return on investment.  

Mr. Jawad has indicated that Alargan Towell's main focus is oriented towards developing affordable middle-income housing in the Omani market. Alargan Towell's projects currently cover a vast land area of 2,000,186/ sqm. These projects include but are not limited to: 'Beyout Al Faye', 'Al Hail Homes', 'Al Qurm Gardens', 'Naseem Salalah' and Al-Waha' in the Barka region. These projects encompass various residential and commercial components.

It is worth mentioning that Alargan Towell Investment Company was established in the Sultanate of Oman in 2003, through a partnership between ALARGAN International Real Estate Company and W. J. Towell. The company's performance has been widely recognized through many awards, such as the 2005 Euro money Award for "Best Housing Developer", the 2006 award for "Excellence in Real Estate" from Islamic Real Estate Finance Middle East (IREF ME), the "Best Real Estate Developer" award in the 2008 International Real Estate Finance Summit (IREF) and the Cityscape Architecture Emerging Markets Award in 2009.

Real Estate Projects:
Al Waha
The project is located approximately 25 minutes from the capital Muscat on a land area of 680,000 sqm. The project will feature a diverse range of residences including apartments, townhouses and villas. The project will also include landscaped parks, commercial spaces, schools and other essential services and amenities making it a stand-alone miniature city.

Telal Al Qurm
The Telal Al Qurm project consists of developing 164,900 sqm of land located in a prime area of Muscat into a modern mixed use urban community while preserving local culture and heritage. The project is characterized by its key location, development quality, advanced infrastructure, landscaping and modern facilities. The development strategy consists of supplying construction ready sized plots of land with the option of delivering finished buildings. Infrastructure work has commenced on the land since Q1 2012, currently 8 plots have been sold to develop 8 buildings, and apartments in these buildings are fully sold.

Naseem Salalah
Naseem Salalah is a luxurious housing project in Salalah. The picturesque landscape provides an ideal backdrop for this attractive residential project, which will feature a diverse array of villas and plots, all within the view of the beautiful beaches and stunning mountainside. 

Beyout Al Faye
With the successful launch of phase I, the Beyout Al-Faye project, was developed to cater to the needs of the local community who rely on affordable housing solutions. The reasonably valued homes have gained a loyal client base which has attracted prospective buyers for phase II of the project. Phase II of the project consists of 78 units that are expected to be completed in 2014.

Al Qurm Gardens
The project is located on a land area of 11,692 sqm, and consists of 41 modern villas with a commercial component that covers a built up area of approximately 10,013 sqm out of which 2,190 sqm is designated for retail space and 6,388 sqm 6,972 sqm for office use. Currently the project's retail outlets are fully occupied and operational, the office components are 68% leased out and the residential components are 46% sold out.

-Ends-

For more information, please contact:
Ms. Safa'a Al Matari
Corporate Communication Manager
Tel: (965) 24820440 ext. 126

© Press Release 2013