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Legal services provided for 1ha Muscat Hills homes in Oman

by Neha Bhatia on May 14, 2018


Dentons has advised Aflaj on its 1.1ha residential development in Oman's Muscat Hills [representational image].
Dentons has advised Aflaj on its 1.1ha residential development in Oman's Muscat Hills [representational image].

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Legal advisory services have been delivered for a 1.1ha residential development under way in Oman. 

Aflaj International, a Muscat-based developer, is building the homes within Muscat Hills, an integrated tourism complex in the sultanate. 

Dentons has advised Aflaj on its role in the project.

Aflaj is a shareholder of Maysan Properties, a company that was established earlier this year to carry out the development.

READ: Experts say greater understanding needed of construction dispute causes

In a statement, Dentons said it advised Aflaj on both the establishment of the project company and the related joint venture agreement.  

Recently, Dentons also provided legal counsel to a syndicate of regional banks led by Mashreqbank on the Islamic financing of the proposed $272m (AED1bn) acquisition of equipment rental company Byrne Group.

READ: Dentons advises on Islamic financing for Byrne Group acquisition

Saudi-owned Itqan Investments, with Tamar VPower Energy Fund, a vehicle jointly managed by Hong Kong-based power company VPower Group International, and China-based CITIC Pacific, acquired the entire issued share capital of Byrne Equipment Rental and its subsidiaries. 



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