Foundation stones for the sixth building in the Knowledge Oasis Muscat (KOM) and the Facility Building in Al Rusayl Industrial City in Oman were laid today (March 15) under the auspices of Hilal bin Hamad Al Hasani, Chief Executive Officer of the Public Establishment for Industrial Estates (Madayn).
The KOM 6 building, being built at a cost of OR10.3 million ($26.76 million), will have a total built up area of 51,000 sq m and 500 parking spaces on two-floor basement. The project will consist of eight floors (two-floor basement + ground floor + six floors). The building will comprise 21,000 sq m of rental area that will provide a variety of services and facilities to the visitors and employees based at the Knowledge Oasis Muscat and its adjacent areas.
The total cost of developing the Facility Building at Al Rusayl Industrial City is OR4.2 million ($10.91 million). With a total built-up area of 19,000 sq m and 230 parking spaces at the basement level, the building will consist of 10 floors (one-level basement + ground floor + eight floors).
Featuring a rental area of 8,500 sq m, the building will provide various facilities to the visitors and employees based at Al Rusayl Industrial City and the neighbouring areas. The facilities will include banking services, travel agency, cafes, restaurants and groceries, in addition to office spaces for government and private bodies.
Al Hasani stressed that the two projects are part of Madayn’s constant efforts to provide advanced services and facilities that encourage local, regional and international investments in its various industrial cities.
“These projects play a key role in contributing to the advancement of the industrial sector in the sultanate, and eventually reflect positively on the national economy and the business environment,” Al Hasani pointed out.
He added: “In light of the rapid industrial growth in the country and towards achieving the Oman 2040 vision, Madayn, alongside its investment arm Shumookh Investment and Services Company, aim at developing the infrastructure in the various industrial cities across Oman. These efforts play a major role in realising ‘live-work-play’ environments and developing advanced infrastructure that is able to compete globally and attract new investments and partnerships.”
Due to the high occupancy rates in the existing buildings in the Knowledge Oasis Muscat (KOM), the masterplan of KOM requires the establishment of more buildings to attract more local and foreign companies.
In addition to KOM 6 building project and the facility building project in Al Rusayl, more projects will be announced soon in KOM, Al Mazunah Free Zone and the other industrial cities pertaining to Madayn. It is also implementing major infrastructure projects in its various industrial cities, the statement said.
Al Hasani called upon Omani small and medium enterprises (SMEs) registered with the Public Authority for Small and Medium Enterprises Development (Riyada) and the local companies to submit their proposals related to supply and construction services to the main contractor of the two projects in KOM and Al Rusayl.
Eng. Musallam Al Hudaifi, Chief Executive Officer of Shumookh Investment and Services, said the projects come in line with the key projects implemented by Shumookh.
Meanwhile, the facility building in Suhar Industrial City has been completed and will be officially inaugurated this year. Work is also underway in developing the administration and facility building in Samail Industrial City, which is set to be inaugurated in conjunction with the Sultanate’s 50th National Day celebrations.
Construction works on the facility building in Al Mazunah Free Zone will commence in April this year. Shumookh is also studying the development of a number of projects including a business hotel in Al Rusayl Industrial City, and a freehold residential project in KOM. Additionally, development of a hospital and an international school will be announced during this year, said the statement.
Madayn established Shumookh Investment and Services in 2010 to develop infrastructure projects and encourage investments in Madayn’s industrial cities. The vision of Shumookh is to develop globally competitive industrial infrastructure in the industrial cities of Madayn and create the best environment for the growth of industries in Oman, it added.
The KOM 6 building, being built at a cost of OR10.3 million ($26.76 million), will have a total built up area of 51,000 sq m and 500 parking spaces on two-floor basement. The project will consist of eight floors (two-floor basement + ground floor + six floors). The building will comprise 21,000 sq m of rental area that will provide a variety of services and facilities to the visitors and employees based at the Knowledge Oasis Muscat and its adjacent areas.
The total cost of developing the Facility Building at Al Rusayl Industrial City is OR4.2 million ($10.91 million). With a total built-up area of 19,000 sq m and 230 parking spaces at the basement level, the building will consist of 10 floors (one-level basement + ground floor + eight floors).
Featuring a rental area of 8,500 sq m, the building will provide various facilities to the visitors and employees based at Al Rusayl Industrial City and the neighbouring areas. The facilities will include banking services, travel agency, cafes, restaurants and groceries, in addition to office spaces for government and private bodies.
Al Hasani stressed that the two projects are part of Madayn’s constant efforts to provide advanced services and facilities that encourage local, regional and international investments in its various industrial cities.
“These projects play a key role in contributing to the advancement of the industrial sector in the sultanate, and eventually reflect positively on the national economy and the business environment,” Al Hasani pointed out.
He added: “In light of the rapid industrial growth in the country and towards achieving the Oman 2040 vision, Madayn, alongside its investment arm Shumookh Investment and Services Company, aim at developing the infrastructure in the various industrial cities across Oman. These efforts play a major role in realising ‘live-work-play’ environments and developing advanced infrastructure that is able to compete globally and attract new investments and partnerships.”
Due to the high occupancy rates in the existing buildings in the Knowledge Oasis Muscat (KOM), the masterplan of KOM requires the establishment of more buildings to attract more local and foreign companies.
In addition to KOM 6 building project and the facility building project in Al Rusayl, more projects will be announced soon in KOM, Al Mazunah Free Zone and the other industrial cities pertaining to Madayn. It is also implementing major infrastructure projects in its various industrial cities, the statement said.
Al Hasani called upon Omani small and medium enterprises (SMEs) registered with the Public Authority for Small and Medium Enterprises Development (Riyada) and the local companies to submit their proposals related to supply and construction services to the main contractor of the two projects in KOM and Al Rusayl.
Eng. Musallam Al Hudaifi, Chief Executive Officer of Shumookh Investment and Services, said the projects come in line with the key projects implemented by Shumookh.
Meanwhile, the facility building in Suhar Industrial City has been completed and will be officially inaugurated this year. Work is also underway in developing the administration and facility building in Samail Industrial City, which is set to be inaugurated in conjunction with the Sultanate’s 50th National Day celebrations.
Construction works on the facility building in Al Mazunah Free Zone will commence in April this year. Shumookh is also studying the development of a number of projects including a business hotel in Al Rusayl Industrial City, and a freehold residential project in KOM. Additionally, development of a hospital and an international school will be announced during this year, said the statement.
Madayn established Shumookh Investment and Services in 2010 to develop infrastructure projects and encourage investments in Madayn’s industrial cities. The vision of Shumookh is to develop globally competitive industrial infrastructure in the industrial cities of Madayn and create the best environment for the growth of industries in Oman, it added.
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