Carillion Alawi to build $177m scheme in Oman
Bowsher project to contain 11 commercial buildings, 600 new homes
Oman's Public Authority for Social Insurance, Taminat, has announced plans to develop a $176.9m project containing 11 commercial buildings and 600 houses in the Bowsher area of the Governate of Muscat.
The announcement to develop around 37,000m2 of land in the area was made at a signing ceremony at Taminat's headquarters earlier this week between the Authority's Ministry of Manpower, Sheikh Abdullah bin Nasser al-Bakri, and Carillion Alawi CEO Andy Jones, according to the Oman News Agency.
The project is expected to take 30 months to complete.
Sheikh al-Bakri said the authority was keen to diversify its sources of income and its long term ability to generate economic revenues. He added that the project would also provide a boost to socio-economic development within the local area.