06 April, 2020

Asyad group floats tenders for key Oman mixed-use project

Bids invited for development of a prime land owned by Mwasalat

Image used for illustrative purpose. Mutrah, Muscat, Oman at dusk. Picture was taken from the top of Mutrah fort..

Image used for illustrative purpose. Mutrah, Muscat, Oman at dusk. Picture was taken from the top of Mutrah fort..

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Oman Global Logistics Group (Asyad Group) has invited bids from top firms for development of a prime land owned by Mwasalat, the sultanate's public transport services company, in Azaiba region of capital Muscat.
 
A key Omani asset, Asyad manages a diverse portfolio that includes port management, transportation, shipping, freight forwarding businesses and public services.
 
One of its key subsidaries is Mwasalat, which is focused in providing public service and investing heavily in strengthening its fleet of buses, taxis and associated infrastructure to modernise public transportation in Oman.
 
‘Asyad (as project promoter) on behalf of Mwasalat (project employer) seeks proposals to select a developer to invest and develop Mwasalat’s Project Site A-1 which is 54,104 sq m prime land in Azaiba,’ stated Asyad in its tender notification.
 
As per the notification, interested parties can submit a proposal to develop a residential, commercial or a mixed-use project on the 54,104-sq-m prime land in Al Athaibah region of capital Muscat.
 
Ther project may include retail shops, offices, mall, hypermarket, apartments, hotel etc. or any other commercial facility, it stated.
 
The contractual agreement with potential investor and developer will include a design, build, finance, operate and transfer development model.
 
As per the tender notification, the developer may also lease-out, sub-let or operate the facilities to recover its cost and earn profit over the period of the agreement. Developer may assign the individual facilities to different operators to operate and/or maintain, it said.
 
According to Asyad, this will also include master planning, operation and maintenance of the facility for a four-year term and transfer all the assets to Mwasalat, at the end of the contract term. The deadine for submitting the bids is August 17, it added.-TradeArabia News Service

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