ISKAN announces major real estate project in Oman
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 city of Salalah, today.
Located in the touristic city of Salalah, This innovative development will include various investment residential units that range from apartments with different sizes and large Villas, as well as the necessary facilities provided for the residents within this development.
ISKAN’s Head of Investment Rasha Al-Awadhi commented: “This project is a milestone in our new regional diversification plan, and represents our strategic focus on a new principle and approach – to provide complete structured services based on the need and desire for the development of socially cohesive new communities worldwide . Creating this project in a tourist area such as Salalah demonstrates continuity in attracting many tourists from around the world. It also reflects an added value to the investor; especially that real estate investment is a safe type of investment.”
“The unique characteristic of this state-of-the-art master planned project resides in the panoramic view of the country’s majestic mountains as well as its strategic location, being adjacent to the natural Salalah Gardens. The high demands in such real estate projects will minimize the effects of the global financial crisis on the Omani market, and especially the real estate sector due to the fact that it is an essential element that garners high returns for investors,” added Al Awadhi.
The Sultanate of Oman is acknowledged for its coastline and marine life, which have made it a popular tourist destination for people from all walks of life. Furthermore, the Sultanate is the second largest Gulf Nation, with vast areas that are surrounded by mountains and the Arabian Sea. Such features places confidence within investors, especially that real estate demand in the country is high.
“The focus of the project is to create a distinctive ambience through Oman’s natural scenery. This new pioneering development has been carefully designed following extensive studies to create an environmentally conscious neighborhood, while adding to the quality of living by offering various types of amenities,” concluded Al Awadhi.
Iskan Oman Investment Company was formed in 2008 with a paid-up capital of US $65 million. Its mission is to offer a comprehensive range of real estate development projects and services targeting medium to high class customers. Its main objective is to develop a business model based on core and non-core business activities to provide real estate investment and related services under one roof.
- ISKAN Housing Finance Company Announces 48% Profit Increase for First Half of 2008
- ISKAN Reports Profit of KD 5.045 Million in Q3 2008 Despite Challenging Market Conditions
- Hamptons MENA put the spotlight on Iskan Oman’s Salalah Project at Open Day from Sept. 17 to 21
- Qatar unveils major real estate project
- Oman: Qatari real estate company to set up environmental tourist resort