Oman's Public Establishment for Industrial Estates (Madayn) has signed a usufruct agreement with Bisham Real Estate Company for the establishment of an integrated workforce township in Sur Industrial City at a total investment of RO16 million ($42 million). 

 

The project, which will be developed on an area exceeding 180,000 sq m, will be divided into three categories, each with its distinctive standards and specifications, said a statement from Madayn. 

 

In addition to a variety of residential options, the complex will also have key amenities such as shopping centre and gyms. 

 

According to Madayn, Phase One of the project, which will accommodate 5,600 workers, is expected to be completed within 36 months. Moreover, the project will provide 300 direct job opportunities, it stated.

 

Madayn is implementing several vital projects in Sur Industrial City as work is underway in executing infrastructure development project at a total value of more than RO12 million, which will be completed by the beginning of the second half of this year. 

 

On the labour city project, the Omani group said it was aimed at providing necessary infrastructure to meet the needs of the current investors and attract new local and foreign investments. 

 

The scope of work includes construction of 17 km length of water network, 14 km of sewage network, 10.6 km of road network, 6.8 km of water drainage channels, two wastewater storage tanks with a total capacity of 1230 cu m, and water tanks, said a company spokesman. 

 

Additionally, Madayn has floated a tender for pre-qualification of consulting companies, and offers have been received from 18 companies. 

 

The evaluation process of these offers is underway and it is hoped that the project will be completed during the second half of 2022, he added.-TradeArabia News Service