17 November 2019
Oman's state-owned logistics sector developer ASYAD has floated separate tenders to develop five land parcels owned by Oman Post under the design, build, finance, operate and transfer (DBFOT) model for a period of 25 years.

The plots measure 1,581 square metres (sqm) in Ruwi, 1,660 sqm in Qurum, 2,350 sqm in Al Khuwair, 3,040 sqm in Al Khoud, and 2,184 sqm in Al Gubra, according to a public notice.

The RFP documents said the aim is to cash in on the land banks of ASYAD and its subsidiaries in different parts of Oman and reduce dependence on the Ministry of Finance for funding.

"In order to maximise the project's revenue stream, the developer may develop a mixed use, commercial and residential buildings, hotels, public facilities, retail shops, offices and medical centre, without compromising the scale and quality of mandatory facilities," the document added.

1 December 2019 is the last submission date.

Oman Global Logistics Group or ASYAD was set up in 2016 to foster investment opportunities in Oman's logistics sector.

(Writing by Sowmya Sundar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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