Cluttons to complete acquisition programme for Nawras

Cluttons to complete acquisition programme for Nawras
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Published November 29th, 2010 - 08:07 GMT

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Nawras
Cluttons, the real estate specialist that has enjoyed a dedicated presence in the Middle East since 1976 today confirms that it is successfully on course to complete its acquisition programme for Nawras, Oman’s leading mobile communications provider. Tasked with securing 56 sites within the Sultanate, the project illustrates the rapid expansion currently taking place within the Telecoms sector in the Middle East. In line with their vision to be the best communications provider in Oman, Nawras needed to acquire a number of key sites in order to improve and expand their network in and around the capital for both mobile and fixed line services. Cluttons were engaged as specialist property advisors, utilising their knowledge of the real estate market and Government requirements gained over the past 24 years in the region. The team today confirms that the best sites for the company have been procured, with project completion on time and under budget. Recent research suggests that the Middle East is currently one of the least developed markets in the world, positioned just ahead of Africa. However, rapid market maturity is taking place, with high rates of growth for new services and subscriber numbers, making the region the second fastest growing mobile phone market in the world*. The Cluttons team is well positioned to help mobile providers to optimise new service launches, network performance and partner management. This makes the Telecoms Sector an exciting proposition for investors world-wide, especially as experts state that the markets has been unaffected by the recent global downturn**. Stuart Williamson, Senior Surveyor for Cluttons Middle East comments, “The successful nature of our work with Nawras underlines the specialist knowledge, RICS accreditation and core values of professionalism and service that we bring to the table. The Middle Eastern Telecoms sector is expanding extremely quickly; we expect a huge surge in activity over the next 12 months as the region opens up to new network services, M&A activity, market consolidation and additional mobile virtual networks operators (MVNO’s) entering the market in reaction to consumer demand and are well positioned to maximise such opportunity.”

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