Muscat, The Supreme Council of Planning
(SCP) will celebrate laying the foundation stone for the integrated
residential project in the Wilayat of Barka tomorrow (Monday) under the
patronage of Sheikh Saif bin Mohammed al-Shabibi, Minister of
The project comes to support the existing housing policies in the
Sultanate, represented in the search for suitable alternatives to provide
adequate housing for citizens eligible for residential land grants.
This project is the first of its kind in the Sultanate. It is based on
partnership between the public and private sectors and will be
attributed to one of the leading real estate companies to develop the
project according to the best standards.
The project will include an integrated system of infrastructure,
social and service facilities including mosques, health and commercial
centers, public parks and open sports fields. These residential
neighborhoods will be open to citizens wishing to acquire suitable,
comfortable and affordable housing.
The project aims at enhancing the ownership of homes in the
Sultanate through the development of quality housing in integrated
neighborhoods at reasonable prices, providing new alternatives to
reduce the demand for eligible citizens under the Land Law and its
annexes, as well as stimulating the economy and reducing government
spending by involving the private sector in this project, in addition to
reducing the government spending on infrastructure to serve the land
plots provided by the Government.
The project is considered the first joint cooperation between
the SCP and the Ministry of Housing, represented by the Directorate
General for Real Estate Development.
Source: Oman News Agency