Muscat Hills International Developments (MHID), one of Oman’s leading real estate development and management companies, has signed a construction and sales partnership with FAM Holding, an Abu Dhabi stock exchange listed property developer with a portfolio in excess of $545 million.
Together, MHID & FAM Holding plan to bring the next generation of corporate connectivity to life with The Business Tower 2, a spectacularly designed and strategically located office space tower located at the Boulevard by Muscat Hills - the exceptionally well-thought-out master- planned community situated in the growth corridor of Muscat, boasting outstanding accessibility all while being conveniently located in Muscat’s new downtown.
Mr. Faisal Ali Moosa, Chairman at FAM Holding, said: “Our signing with MHID is a testament to our continuous efforts in only working with best-in-class developers. Through our partnership, we strive to meet and exceed our customers’ expectations while we break in to the Omani market. While our knowledgeable and experienced engineering team will continue to ensure that all contractors abide by our set agreements, and that they complete their work in a timely Fashion and at the highest quality standards”.
Mr. Ilyas Malik, Deputy CEO of MHID and Chairman of Malik Developments, commented: “We are thrilled to announce our collaboration with FAM, given their excellent track record and reputation in the United Arab Emirates. We are very proud of what we have achieved at The Boulevard especially with Business Tower 1, with the community truly consisting of some of Muscat’s most modern, world-class buildings. This new partnership reflects our drive to develop high-quality, unique projects that have some of the most sophisticated and contemporary designs”.
Offering tenants, the opportunity to occupy space in one of the most up-and-coming locations in Muscat, Business Tower 2 will generously span over 500,000 SQFT accounting for 175 offices (in various floor plates) over 7 floors. On the ground floor, as per the norms of The Boulevard by Muscat Hills, the tower will accommodate for 16 retail outlets. High ceilings will enhance the feeling of space, while an abundance of high-end amenities will include a meeting hall with full conference facilities and a stunning rooftop terrace. Flexible floor plans are designed to cater for a diversity of business needs, with layouts that can be customized and subdivided.
Ownership at The Business Tower 2 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.