A consortium of five Egyptian real estate, contracting, marketing, consulting, and management firms is planning to execute a real estate project in Oman with investments of up to $1 billion.
Muscat, Oman © Mena Today
A consortium of five Egyptian real estate, contracting, marketing, consulting, and management firms is planning to execute a real estate project in Oman with investments of up to $1 billion, Al Borsa News reported, citing Chairman of Alshams for Contracting Shams El Din Youssef.
In addition to Alshams for Contracting, the consortium comprises Alexandria Company for Investment and Development, the real estate marketing firm Real Mark, Construction and Project Management Consultancy, and another contracting company specialized in infrastructure projects, Youssef pointed out.
The consortium is currently in talks with the Omani government over the timeline and final investments of the project, he added.
He noted that the Omani government proposed the project to Alexandria Company for Investment and Development to benefit from the expertise of Egyptian firms for the development of an integrated city that includes residential, commercial, and administrative units.
LVMH's most prized division, fashion and leather goods, home to Louis Vuitton and Dior, has reported a 2% decline in organic revenue in Q1, undershooting even the modest contraction analysts had anticipated, according to Gate Advisory, a firm specializing in Financial Intelligence.
The Middle East is on a knife’s edge. A two-week ceasefire between the United States and Iran has bought the region a temporary exhale, but few serious observers believe the underlying tensions have been resolved.
In the hours following the collapse of Iran-US negotiations in Pakistan, Oman's Foreign Minister Badr al-Busaidi took to X with a message of studied diplomatic balance.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.