السلام عليكم
مشاركة كانت لي بتاريخ 26-3-2007 في النوادي
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الظاهر سمعني
Al Mazaya contributes with 40 per cent of real estate portfolio in Oman
Al Mazaya Holding, a leading property firm in the region, signed a contribution contract with 'Oman Construction' to share in a real estate investment portfolio in Oman with a capital of OMR 3.1 million.
The portfolio has 3 projects in "Sohar", "Muscat" and "Salalah"
• Al Mazaya is a strategic partner in this portfolio with 40% from the total capital
• "Oman Construction" is the manager, and "Al Mazaya Holding" is the project development manager.
• "Mena" real estate company is the portfolio marketing and contributor with 12% of the total capital.
• The portfolio will work according to Shari'a Compliant rules.
• Omani economy recorded 24% increase in its total local revenue with the end of 2005.
Al Mazaya's share is 40% while 12% is for Oman Construction and 12% for "Mina" real estate company. The remainder of the percentage is submitted for IPO from a chosen group of investors and real estate companies.
The contribution contract was signed by Mr. Rashid Al Nafisi, Al Mazaya Holding Chairman, and Mr. Mazen Al Brikan, Oman Development company Chairman, in the presence of Dr. Fouad Al Omar, Mena Real estate company Chairman, Mr. Abdurrahman Al Nosof, Business Developing Manager, Mr. Mohammed Sayyar, Investment Manager, Mr. Jasem Al Ghanem, Marketing Managing Director, Eng. Abdullah Al Rawdan, Project Managing director assistant in Al Mazaya Holding.
"The Omani market is considered as one of the most potential markets to enter into with regards to real estate investments. The Omani government policy that looks for economic diversification and the creation of laws that insure free ownership and investment have had a positive impact on foreign investment especially within the real estate sector." said Mr. Rashid Al Nafisi, Al Mazaya Holding Chairman.
"There are so many vast projects that are under construction such as "Al Waif" project and others in the Sohar industrial area. Many opportunities are open for investment especially since Omani lands' prices are still the lower between GCC", he added.
Al Nafisi expressed his pleasure to share in this portfolio saying: "Al Mazaya's steps toward regional expansion have begun to bear its fruit after its success in Dubai and its entrance into the Bahraini, Qatari and now today the Omani markets", he declared.
"Adding to its role in being a strategic partner in this portfolio, Al Mazaya will be the developing manager for all the portfolio projects at an annual fee. This is due to Al Mazaya's wide experience in the real estate sector and its technical team whom are qualified in developing these kinds of projects", he clarified.
Dr. Fouad Al Omar, Chairman of Al Mina Real Estate Company, said: "The real estate investment portfolio in Oman will work for 3 years in playing a vital role in the establishing of profitable revenues via the development of real estate projects in Oman. The portfolio has lands in different areas of investment, such as the residential land in "Sahar" that spreads on an area of 19.4 thousand sqm. Here we intend to make a residential project includes 58 villas, at the cost of OMR 4.1 million. Furthermore we have land in Al Mawaleh area in Al Seeb state in Muscat, which covers an area of 16.816 thousand sqm at an amount of OMR 2.3 million. With this portfolio there will be a resell of the land, where all can benefit from the increase in land prices in that region".
He added: "The portfolio also includes land in the commercial area of "Oukd" in Salalah that covers an area of 400 sqm, where it is expected to be invested later.
"This portfolio in the Omani market was born from its property boom and a response to the increase in demand for residential and commercial units available in the market today. This has in turn urged many companies to enter this market with diverse investments in which they are expected to succeed. This investment has also been spurred on by the growth of the Omani economy which recorded a 24% increase in its total local revenue at the end of 2005", ended Al Omar.
زبده الخبر أن المزايا وقعت عقد مشاركة في محفظة عقارية في عمان برأس مال 3.1 مليون ريال عماني .. نصيب المزايا 40% وحصة شركة الإنشاءات العمانية 12% و 12% لشركة مينا العقارية .. ويتم الإكتتاب بباقية النسبة من قبل مستثمرين
وسيكون للمحفظة ثلاثة مشاريع في صحار صلالة ومسقط وسيعمل بالمحفظة طبقا للشريعة الإسلامية
