AL DUQM: The Special Economic Zone at Duqm celebrated on Monday the inauguration of the first phase of the "Maysan Square Duqm - Residence" project, which includes 104 residential units alongside 130 diverse commercial units that attracted investors from 22 countries, with an investment value estimated at approximately RO 10 million.
The inauguration ceremony was held under the auspices of Qais bin Mohammed al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ).
Sadiq Jaffer, Chairman of the Board of Directors and CEO of Maysan Properties Company, stated that this project is the first integrated business district in the Special Economic Zone at Duqm, spanning a total area of 122,000 square metres. He added that it is being implemented across several phases to include, upon completion, 20 buildings distributed over the residential, commercial, hospitality, and retail sectors, comprising 424 full-service residential units.
He noted in his speech that the project represents a qualitative leap in the real estate development sector, being the first integrated business district that combines housing, commerce, hospitality, and business within a modern urban environment designed according to the highest international standards.
He pointed out that this project reflects the growing confidence of international investors in the economic and investment future of the Special Economic Zone at Duqm as a modern urban icon embodying the level of cultural and architectural development. - ONA
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