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Housing ministry offers 52 new plots of land for investments

17 Sep 2023 Housing ministry offers 52 new plots of land for investments By OUR CORRESPONDENT

Muscat – The Ministry of Housing and Urban Planning (MHUP) is offering 52 new government plots of land via public auction for investments, according to an official.

“This is in line with the ministry’s efforts to support growth of the GDP, boost economic output through manufacturing, commercial and other industrial activities, fuel socioeconomic development and support the strategic goals of Oman Vision 2040,” the ministry official explained.

Of the 52 plots, 12 are in North Batinah, ten in Buraimi, nine in Dhofar, eight each in South Sharqiyah and Dakhliyah, four in Muscat and one in South Batinah.

The plots offered are not restricted for any particular purpose and are located in areas with large population density.

The ministry has also launched five investment sites as part of the national initiative of integrated residential neighbourhoods (Sorouh).

The initiative aims to achieve the objectives of population and economic growth, while enabling the private sector to attract investments in the governorates to contribute to the development of integrated and sustainable urban communities.

Real estate worth RO1.4bn was traded in H1 2023, according to statistics released by the ministry. The figures also show the total number of beneficiaries of the Amlak platform of MHUP, which includes 56 services in all sectors, reaching 57,768 this year.

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