Oman will lay the foundation stone for an affordable housing development built through a public-private partnership (PPP) in the coastal city of Barka on 22 October.
Representatives from the country’s Supreme Council of Planning (SCP) will attend the ground-breaking ceremony for the integrated residential project in northern Oman, on behalf of HE Sheikh Saif bin Mohammed Al Shabibi, Minister of Housing.
Oman’s state-run news agency said the mixed-use residential community was a “first-of-its-kind” project for the sultanate due to its PPP model, which would see “one of the leading real estate companies” develop the community in accordance with international construction standards. The name of the company was not revealed, nor was the project’s value, but it is believed to the be the first time that SCP and Oman’s Ministry of Housing have collaborated on a project of this scale.
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Büyükçekmece, İstanbul, Turkey, Qurayyat, Muscat
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