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MHUP signs pacts for first phase of Sultan Haitham City

21 Jun 2023 By

Muscat – The Ministry of Housing and Urban Planning (MHUP), along with several government and private entities, signed multiple agreements for the development of the first phase of Sultan Haitham City during a ceremony held at the Royal Opera House Muscat on Tuesday evening.

MHUP partnered with the Ministry of Health to establish RO90mn National Centre for Women and Children’s Health, equipped with 500 beds.

With the Ministry of Social Development, MHUP signed an agreement worth RO6mn to create a rehabilitation complex for people with disabilities.

Additionally, an Advanced Technical College worth RO5mn will be established in collaboration with the Ministry of Higher Education, Scientific Research and Innovation and the National University, catering to 1,500 students.

Furthering its collaboration efforts, MHUP joined forces with the Ministry of Awqaf and Religious Affairs to allocate RO2mn for the development of various facilities in the city, including funding from a housing programme for zakat recipients, construction of five mosques, and public councils.

An agreement was also reached to enable the implementation of smart city technologies in collaboration with the Ministry of Transport, Communications, and Information Technology, at a total cost of RO10mn.

Real estate development

Real estate development within Sultan Haitham City witnessed substantial progress through agreements with Ariane Real Estate and Al Abrar Real Estate. The former signed a RO327mn agreement for the development of District 9 and District 6, covering an expansive area of over 1.2mn sqm. The latter, Al Abrar Real Estate, entered into an agreement worth RO208mn to develop District 10, spanning 910,000 sqm.

To facilitate financing for the first phase of the city, an agreement was reached to provide housing loans amounting to RO240mn, supporting 3,000 applicants with a loan ceiling raised to RO80,000 in collaboration with the Housing Bank of Oman.

Additional agreements were secured with prominent banks including Bank Muscat, Ahli Bank, Oman Arab Bank, National Bank of Oman, Sohar International Bank, Sohar Islamic Bank, Bank Dhofar, and Alizz Islamic Bank.

These agreements provide discounted housing loans, at a 3.4% interest rate, benefitting at least 150 loan recipients from Bank Muscat and 100 each from the rest.

An agreement with Nama Group, valued at RO112mn, was signed to implement essential infrastructure services such as electricity, water, sewage, and irrigation in the first phase of the city.

The Oman Broadband Company, ITHCA Group, and the Oman Towers Company inked agreements worth RO5mn to finance and establish the broadband network infrastructure in the city.

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