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Omani real estate developer Taameer Investment Company has announced the launch of a US$40 million residential and commercial development in Muscat
Known as the Jasmine Complex and located in the capital’s Al Khuwair commercial area, the development will be comprised of residential and commercial units, offices, a business centre, a shopping mall and a health centre.
Among the modern facilities featured within the development and highlighted by Taameer at the project’s launch were green areas, modern-standard design in all shops and residences, and high-quality electric escalators and lifts.
“Jasmine Complex is one of the unique investment developments in the Sultanate in terms of location, design and elegance,” remarked Taameer Investment chief executive officer Suleiman Masoud al Harthy.
“There is no doubt this project will achieve many goals and will add many benefits to the national economy, business and the local community as it will offer attractive packages of investment products, including residential, commercial and office units, along with a mall.”
The complex will offer strong transport links with its location a 30-minute drive from Muscat International Airport and a 15-minute drive from Muscat’s ministries area.
One of the project’s financial partners, BankMuscat, will offer an Islamic financing scheme named ‘Meethaq’, which Taameer Investment has claimed would become a “first-of-its-kind” service offered by a real estate developer in Oman.
Established in 2006, Taameer Investment was formed as a joint collaboration between Muscat-based The Golden Group of Companies, Kuwaiti-owned Shamiya Real Estate Investment of Dakheel Al Jassar & Sons Group, and a group of strategic partners from across the GCC led by Kuwait’s First Investment Company.