BBH invests RO 40 million in new logistics and residential projects
An integrated city at Al Rusail with 44 stores, staff housing and administrative offices with all equipment expected to be ready within 10 months, completion of the third and fourth towers in Al-Arfan neighbourhood, 128 housing units and 76 offices within the Al-Muhallab project in Al-Ansab are the projects that will come into being after the agreement
According to
The first agreement relates to the construction of an integrated logistic city along the
The warehouse price is RO 280,000, which guarantees an annual return of about 14
He further added, “The project is executed by two companies to ensure speed in completion and delivery of units in quick times. There is an agreement with some commercial banks operating in the Sultanate to facilitate financing, upon demand for those wishing to purchase.”
Al Mata’ani explained that the aim of the project is to provide ready and fully equipped warehouses to store food and medical supplies in an appropriate health
The second agreement, signed by the company, relates to the second phase of the integrated residential city project, BBH, in Al-Arfan City, after the company announced the first and second towers.
The project will be completed by the third and fourth towers to provide 220 units of varying sizes with 55 units in each tower as well as the establishment of a shopping centre serving the residential units and other recreational facilities including the establishment of hanging gardens palm trees, as well as swimming pools, gym centres and kindergartens. The residential units are constructed in varying sizes on four dimensions of 75
The third agreement is for the construction of two towers for residential units and a tower for offices in Al-Ansab area along the Muscat Highway, consisting of two residential towers and a third office tower.
The project will provide 128 housing units with 64 units in each building ranging from 44 meters to 110 meters. The office building comprises 76 offices on 9 floors. The investment in the project is estimated at RO 10 million and will be ready within 15 months.
Source:http://www.omanobserver.om/bbh-invests-ro-40-million-in-new-logistics-and-residential-projects/amp/