Business

Usufruct agreements worth RO 3m signed

 
MUSCAT: The Ministry of Housing and Urban Planning on Tuesday signed 19 land development (usufruct) agreements in various sectors and in different governorates.

The project, worth RO 3 million, will be set up on a total area exceeding 372,000 square metres. The agreements were signed with the companies executing the projects by Dr Mohammed bin Ali al Mutawa, Ministry’s Under-Secretary for Urban Planning.

The agreements include the establishment of a service centre, a multi-purpose hall, factories to produce building material and ready-mix concrete, as well as a water desalination unit.

Moreover, twenty-two usufruct contracts were offered for e-bidding on the "Tatweer” or "Development” platform. The respective land plots are distributed among the Governorates of Muscat, South Al Batinah and Dhofar. -- ONA