Muscat Hills International Developments (MHID), one of Oman’s leading real estate development and management companies, today announced that Larsen & Toubro (L&T), an Indian multinational conglomerate, has signed a long-term lease at the Business Tower at The Boulevard by Muscat Hills.
L&T is slated to occupy one full floor of the Business Tower when it moves in towards the end of 2020. L&T’s move showcases the steady influx of companies seeking office space within the Boulevard by Muscat Hills area.
“One of the region’s largest conglomerates is moving to Muscat Hills,” said Ilyas Malik, Deputy CEO of Muscat Hills & Chairman of Malik Developments. “Over the last 8 decades, L&T has built a reputation for quality, reliability and strong customer orientation. The Company’s contribution to infrastructure, industry and society is widely recognized. I’m delighted to welcome L&T to The Business Tower and wish the company all the success in the world.”
L&T is a USD 17 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. The Company is engaged in critical sectors – infrastructure, construction, defense, hydrocarbon, heavy engineering, aerospace, power (nuclear/ thermal/hydroelectric), electrical & automation, mining and metallurgy. The L&T network of offices spans the globe. It engages with leading international companies as technology process licensors or consortium partners. The Company has established itself as a major player in the infrastructure sector in the Middle East, with the successful execution of a number of key projects.
The Business Tower introduces premium corporate space available for purchase to all nationalities. Located at The Boulevard by Muscat Hills, the office building offers a strikingly modern design consisting of 13 offices over 6 floors. The offices are of different sizes and are fitted in the most modern fashion with raised floors concealing all cables and ducts, suspended ceilings and AC’s. Additionally, automatic blinds are fitted in all full glass windows to provide just the right amount of natural light for an optimal working environment. In the basement, there are three floors of underground parking. On the ground floor, as per the norms of The Boulevard, there will be a mixture of restaurants and retail shops.
Ownership at the Business Tower is open to Omani citizens, GCC nationals and expatriates of different nationalities. Ownership also entitles residency for non-Omani buyers and their immediate family members. The Business Tower is a development by Oman based Muscat Hills International Development with Malik Developments being an equity, advisory and development partner.
