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Pacts signed for two integrated residential projects worth RO 160m

New growth: Housing Ministry signs agreements related real estate development, Integrated Service Stations and e-platform

The Ministry of Housing and Urban Planning has signed agreements to support the development of two new integrated residential neighborhoods (Souroh) at Halban and Al Amerat at a total cost of RO 160 million.

The pacts are part of a raft of agreements signed by Dr Khalfan bin Saeed Al Shuaili, Minister of Housing and Urban Development, here on Wednesday. A number of integrated service stations and a new electronic real estate platform will be established as well.

The first integrated residential neighbourhood will come up in the Wilayat of Al Amirat in the Governorate of Muscat on a total area of 445,823 square metres. Offering 1,050 housing units, the RO 60 million project will be constructed over seven years in 3 stages.

The second Souroh project will come up at Halban in the Wilayat of Nakhal (Halban) in the Governorate of South Al Batinah. Covering an area of 637,044, it will offer 1,350 housing units. It will be built with an investment of RO 100 million in four stages over eight years.

Both projects have multiple housing options including detached villas, attached villas, semi-detached villas, and apartments. Other services will be available such as a mosque, a commercial area, and green spaces, in addition to infrastructure works related to basic public services.

The Ministry has also offered several sites under the Sorouh programme in each of the Governorates of South Al Sharqiyah in the Wilayat of Sur (Nesma), in the Governorate of South Al Batinah in the Wilayat of Al Rustaq (Al Hazm), in the Governorate of North Al Batinah in the Wilayat of Sohar (Muwaileh), in the Governorate of Dhofar in the Wilayat of Salalah (North Sahannut) and in the Governorate of Musandam in the Wilayat of Khasab.

Al Shuaili also signed 4 new agreements to expand the network of integrated service fuel stations in the governorates of Muscat, North and South Al Batinah under the usufruct system for residential, commercial and tourist lands. Agreements to establish two integrated service stations was signed concerning two locations in North Al Batinah Governorate, one of which is to the right of Al Tayeb city in the Wilayat of Liwa at a cost of RO 2 million. Another station will be located in Al-Rawdah in the Wilayat of Saham. Total investment is around RO 2.6 million.

Two other integrated service stations in the Governorate of South Al Batinah - at Al Uqdah in the Wilayat of Barka.

The integrated survive stations include fuel filling facilities, air-conditioned main building that houses various restaurants, shops, a motel, a park, a prayer area for men and another for women, ATMs, automotive maintenance and service center, separate parking spaces for buses and trucks, andother public parking spaces to be provided as a basic service for road users and to revitalize the economic and tourism movement along the highway.

Further, to enable real estate transactions electronically, the Ministry signed a memorandum of understanding to set up the Aqari platform based on blockchain. The pact was signed with Frontech, affiliated with ITHCA Group. Eng Said bin Abdullah bin al Mandhari, CEO of ITHCA Group, signed on behalf of ITHCA.

‘Aqari’ platform is intended to provide a smart way to buy and sell lands and real estates through digital means as an easy-to-use interactive system that allows the purchase and sale of land and property through an application compatible with a mobile phone, tablet or computer. It is concerned with the trade of agricultural, residential, commercial and industrial lands and properties.

The application will be developed using the latest technologies such as NET Core. for API, Native android and IOS for mobile applications. It allowsusers to deal with ease and confidence in buying and selling real estate, communicating with each other, and bidding on available lands. Among the application's features are user interface, land registration, access to land available for sale, as well as the full approval processes required for thetransfer of land ownership. The App is associated directly with Google Maps, which helps in locating lands.

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