Officials sign the usufruct deal.
Business park to be set up in Duqm zone
01 February 2020
Oman's Special Economic Zone Authority at Duqm (Sezad) and Maysan Properties have signed a usufruct agreement to establish a business park under the ‘Maysan Square Duqm’ brand in the SEZ, said a report.
The project will be developed in five phases, starting from 2021, at a total cost of RO43 million ($111.6 million). The first phase will feature three pavilions. The agreement was signed by Yahya bin Said al Jabri, chairman of Sezad, and Sadiq bin Jaffer bin Sulaiman, CEO of Maysan Properties, on behalf of the developer.
Maysan Square Duqm will be built over an area of 122,000 sq m, offering 20 buildings that include a commercial complex comprising various shops, restaurants, cafes and offices.
The development also offer a number of freehold, rental apartments, serviced apartments, business hotel, multi-purpose hall and other leisure and retail facilities.
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