MUSCAT: Al Bandar Development Company has secured strategic partnerships exceeding RO 100 million in investment value through agreements signed with various local institutions and banks. The signings took place during the Home and Building Expo at Oman Convention and Exhibition Centre.
The ceremony was presided over by Eng Salim bin Nasser al Aufi, Minister of Energy and Minerals, with attendance from senior officials and stakeholders in real estate development and investment sectors.
Among the executed agreements, the company partnered with Oman Broadband Company to implement fibre optic infrastructure worth RO 3 million for its "Al Bandar" project in Al Mawaleh, the Wilayat of Al Seeb.
The developer finalised financing agreements with multiple banking institutions - including Sohar International Bank, National Bank of Oman, Alizz Islamic Bank, Bank Muscat and Bank Nizwa - to provide investment solutions for its "Al Masharef Villas" residential project in Al Qurum. The combined financing value surpasses RO 50 million, with project management and marketing assigned to Al Ufuq United Development.
Further agreements include a RO 20-million partnership with eBinaa Professional Services to establish a dedicated sales and leasing platform, while Al Osool Group will handle residential unit management and maintenance. A separate RO 3-million agreement with Artex Company will enhance the company's digital marketing presence and platform management.
The event also featured the launch of the company's new visual identity, reflecting its commitment to creating secure, authentic and inspiring living environments that enhance quality of life while expanding investment opportunities. — ONA
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