Real Estate & Property Investment News in Oman from Propertyshowrooms.com

Mega-projects to fuel domestic cement demand in 2009

Thu, 22 Jan 2009 00:00:00 GMT

Domestic cement demand is expected to remain robust during 2009, fuelled in large part by planned investments in major infrastructure projects, integrated tourism and residential complexes, and general housing growth, according to a top official of Oman Cement Company...

ISKAN announces major real estate project in Oman

Mon, 12 Jan 2009 00:00:00 GMT

ISKAN Oman Investment Company, a subsidiary of Kuwait based ISKAN Housing Finance Company, announced the development of its prime residential project, Zahrat Al-Khareef in the Omani city of Salalah...

'Beware of coastal building projects'

Mon, 22 Dec 2008 00:00:00 GMT

A top Omani official with the Ministry of Environment and Climate Affairs has advised project planners to go beyond the traditional Environmental Impact Assessment (EIA), especially for projects on the coastal side of countries in the region....

Oman Ppty Opens Reg For $2.5B Residential Project

Fri, 21 Nov 2008 00:00:00 GMT

The Wave Muscat, Oman's premier freehold integrated tourism development project, announced that registrations were now open for the purchase of apartments in the Lasail East and West and Lasail Marina sectors, as well as beach park villas in Sector 5...

RE booming in Oman despite global crunch

Mon, 17 Nov 2008 00:00:00 GMT

The worldwide credit crunch has not impacted Oman's economy, especially its real estate sector, a top real estate expert from Oman said yesterday...

Oman to Set Up More Integrated Tourism Projects

Tue, 23 Sep 2008 00:00:00 GMT

The Sultanate, whose drive to market its tourist attractions in the past few years has reaped rich dividends with a surge in the number of visiting vacationers, has made clear that it will go ahead with its plans to set up more integrated tourism projects (ITPs)...

Airblue begins Muscat-Lahore flight

Tue, 23 Sep 2008 00:00:00 GMT

Pakistan's biggest private carrier Airblue has launched its direct flight between Muscat and Lahore, bringing the number of airlines touching down at the Sultanate's capital to 25...

Al Qandeel launches RO 65m 'Old Town' housing project at Ruwi

Mon, 15 Sep 2008 00:00:00 GMT

MUSCAT -- Well-known developer Al Qandeel Real Estate Services unveiled 'Old Town' -- a fully integrated residential and commercial complex, at a lavish launch event held at the Grand Hyatt Muscat on Saturday. A number of dignitaries, including Royal Family members, ministers, and senior government officials, as well as large gathering of potential investors, attended the launch."...

JV to undertake RO 335m Oman Duqm port expansion

Tue, 2 Sep 2008 00:00:00 GMT

A joint venture of Consolidated Contractors Company, Sezai Turkes -- Feyzi Akkaya Ltd (STFA) of Turkey, and the Belgian-based international dredging giant Jan De Nul (JDN) will undertake the recently announced expansion of the Duqm port complex at an additional cost of RO 335 million in Oman...

BankMuscat Investment Manager talks about Sohar IPO: Part I

Wed, 6 Aug 2008 00:00:00 GMT

(Arabic) Abdul Wahed Al Morshedy, Investment Manager of BankMuscat says local and foreign investors injected money in Sohar IPO and as liquidity boosted in the region people are more interested in IPOs...

Oman's Sohar Port sails into global shipping map

Mon, 4 Aug 2008 00:00:00 GMT

APL Atlanta, operated by global container carrier APL, made its maiden visit to the Port of Sohar's Oman International Container Terminal (OICT) yesterday, further reinforcing Sohar's growing appeal to international containerised shipping...

Favourable macroeconomic conditions boost banks

Wed, 30 Jul 2008 00:00:00 GMT

Favourable economic conditions continued to underpin the business and financial performance of commercial banks in Oman...

Good tourism growth rates prompt Oman to fast track property projects

Mon, 28 Jul 2008 00:00:00 GMT

Oman is to introduce a regulatory blueprint to protect all regional and international investors in its property and tourism sector as part of its Vision 2020 plan for the future of the Gulf state...

Oman Air carried 50 per cent more passengers in first half

Wed, 23 Jul 2008 00:00:00 GMT

Oman Air carried 50 per cent more passengers in the first six months of the year than in the same period of 2007...

Rents likely to drop in Al Ain as UAE-Oman border post opens

Tue, 22 Jul 2008 00:00:00 GMT

Rents in Al Ain may see a gradual drop after the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, yesterday rolled back the diversion of the UAE-Oman border crossing from the border post of Al Moudeef to Khatem Al Shiqla, real estate sources said...

Oman Air achieves record growth in passenger traffic

Mon, 21 Jul 2008 00:00:00 GMT

Oman Air within the first six months of 2008 has carried 965,459 passengers, an increase of 50 per cent over the same period last year, which is considered yet as an unprecedented achievement since operation in 1993...

Sohar Power's IPO Evokes Encouraging Response

Mon, 21 Jul 2008 00:00:00 GMT

The RO 13.33 million initial public offering of Sohar Power is evoking encouraging response from investing public, said a senior official of the company...

19pc increase in passenger traffic at Muscat airport

Wed, 16 Jul 2008 00:00:00 GMT

The number of passengers entering and exiting Muscat through Muscat International Airport, excluding transfer and transit passengers, has increased by 19 per cent during the first six months of the current year, compared to the same period last year...

Oman Merchant Bank Plans To Float IPO

Tue, 15 Jul 2008 00:00:00 GMT

Oman Merchant Bank (OMB), which is under formation, is planning to float an initial public offering (IPO) before the year-end. The proposed bank is planning to offer 40 per cent of its capital to the investing public, before starting operations...

Work on Oman's Ras al Hadd Airport to begin soon

Mon, 14 Jul 2008 00:00:00 GMT

Development of Oman's Ras al Hadd Airport in the Sharqiya region is set to begin shortly with the government awarding a contract for the execution of the first phase of the project...

Oman plans huge industrial park

Wed, 9 Jul 2008 00:00:00 GMT

Muscat: The Omani government is laying the ground for the development of a huge industrial hub and free trade zone in Duqm, a remote coastal town on the Arabian Sea.Spread on 24,000 hectares, the industrial park will be adjoining a major port complex that includes a ship repair yard being developed in association with South Korea's Daewoo Shipbuilding and Marine Engineering...

Galfar wins 3 contracts worth RO 64m

Mon, 7 Jul 2008 00:00:00 GMT

Galfar Engineering and Contracting, the country's biggest construction firm, has bagged three major contracts with a combined value of RO 64.45 million...

World-class airport planned in Sohar

Mon, 30 Jun 2008 00:00:00 GMT

Development of an world-class airport in Sohar is expected to begin in earnest with authorities inviting qualified international and local firms to bid for two key construction contracts linked to the project.