Foundation stones laid for sixth building in KOM and facility building in Al Rusayl

Al Hasani stressed that the two projects come along the lines of Madayn's constant efforts to provide advanced services and facilities that encourage local, regional and international investments in its various industrial cities

  
Foundation stones laid for sixth building in KOM and facility building in Al Rusayl

The foundation stones of the sixth building in the Knowledge Oasis Muscat (KOM) and the facility building in Al Rusayl Industrial City were laid yesterday (Sunday) under the auspices of Hilal bin Hamad Al Hasani, Chief Executive Officer of the Public Establishment for Industrial Estates – Madayn.

Al Hasani stressed that the two projects come along the lines of Madayn’s constant efforts to provide advanced services and facilities that encourage local, regional and international investments in its various industrial cities. “These projects play a key role in contributing to the advancement of the industrial sector in the Sultanate, and eventually reflect positively on the national economy and the business environment,” Al Hasani pointed out.

He added, “In light of the rapid industrial growth in the country and to contributing in achieving Oman 2040 vision, Madayn alongside its investment arm – Shumookh Investment and Services Company, aim at developing the infrastructure in the various industrial cities across Oman. These efforts play a major role in realising ‘live-work-play’ environments and developing advanced infrastructure that is able to compete globally and attract new investments and partnerships.”

Due to the high occupancy rates in the existing buildings in the Knowledge Oasis Muscat (KOM), the masterplan of KOM requires the establishment of more buildings to attract more local and foreign companies. In addition to KOM 6 building project and the facility building project in Al Rusayl, more projects will be announced soon in KOM, Al Mazunah Free Zone and the other industrial cities pertaining to Madayn. In addition, Madayn is currently implementing major infrastructure projects in its various industrial cities.

Al Hasani calls upon Omani Small and Medium Enterprises (SMEs) registered with the Public Authority for Small and Medium Enterprises Development (Riyada) and the local companies to submit their proposals related to supply and construction services to the main contractor of the two projects in KOM and Al Rusayl.

On his part, Eng. Musallam Al Hudaifi, Chief Executive Officer of Shumookh Investment and Services – the investment arm of Madayn, stated that KOM 6 project in the Knowledge Oasis Muscat and the facility building in Al Rusayl Industrial City come in line with the key projects implemented by Shumookh. “The total cost of developing KOM 6 building at the Knowledge Oasis Muscat is estimated at 10.3 million Omani Rial. With a total building area of 51,000 sqm and 500 parking spaces on two-floor basement, the project will consist of eight floors (two-floor basement + ground floor + six floors). Besides, the building will comprise 21,000 sqm of rental area that will provide a variety of services and facilities to the visitors and employees based at the Knowledge Oasis Muscat and its adjacent areas,” Al Hudaifi informed.

Moreover, the total value of developing the facility building at Al Rusayl Industrial City is pegged at 4.2 million Omani Rial. With a total building area of 19,000 sqm and 230 parking spaces at the basement level, the facility building will consist of 10 floors (one-level basement + ground floor + eight floors). Featuring a rental area of 8,500 sqm, the building will provide various facilities to the visitors and employees based at Al Rusayl Industrial City and the neighbouring areas. The facilities will include banking services, travel agency, cafes, restaurants and groceries, in addition to office spaces for government and private bodies.

It should be noted that the facility building in Suhar Industrial City has been completed and will be officially inaugurated this year. Work is also underway in developing the administration and facility building in Samail Industrial City, which is set to be inaugurated in conjunction with the Sultanate’s 50th National Day celebrations. Furthermore, construction works on the facility building in Al Mazunah Free Zone will commence in April this year. Shumookh is also studying the development of a number of projects including a business hotel in Al Rusayl Industrial City, and freehold residential project in KOM. Additionally, development of a hospital and an international school will be announced during this year.

Madayn established Shumookh Investment and Services in 2010 to develop infrastructure projects and encourage investments in Madayn’s industrial cities. The vision of Shumookh is to develop globally competitive industrial infrastructure in the industrial cities of Madayn and create the best environment for the growth of industries in Oman through the attraction of strategic partnerships to invest and implementation of diverse infrastructure development projects in the industrial cities pertaining to Madayn. Shumookh, through its spinoff named Deyaar Oman Development and Investment and in partnership with the private sector, is currently constructing and developing a number of existing and upcoming projects in the various industrial cities pertaining to Madayn.

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases