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

Housing.

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