Built to inform

Sign up for the daily newsletters

No, Thank you

Omani government approves 4.5ha Al Batinah housing plan

Al Batinah Shipping, Handling, and Customs Clearance will repurpose of agricultural land for commercial use

A stretch of agricultural land will be converted for residential use in Oman [representational image].
A stretch of agricultural land will be converted for residential use in Oman [representational image].

A subsidiary of Al Batinah Development & Investment Holding Company has secured government approval to transform 4.5ha of farming land into a residential project.

Oman’s Ministry of Housing approved Al Batinah Shipping, Handling, and Customs Clearance’s request to convert a stretch of agricultural land in Al-Aqar available for residential use.

The plot is adjacent to Shinas College of Technology, and using it for residential purposes may hold more commercial value than agricultural use.

READ: Oman's Tender Board awards $240m contracts

Al Batinah Development & Investment Holding Company is listed on Muscat Securities Market, and is the majority shareholder in its subsidiary, with a 90% stake.

It a statement, the company’s general manager, Gamal Haggag, said the firm was working towards formalising the next steps for the brownfield development.

“The financial impact of the change in usage will be determined once the required procedures have been completed […] and we will bring the latest developments to the shareholders immediately after completing the requirements.”

News of the company’s latest project came a day after it posted profit growth for 2018, following a significant loss in the previous year. Its unaudited and consolidated financial results for 2018 showed a 648% upswing in profit.

Most popular


New category open for consultancies at CW Awards 2019 in Dubai
Sub-Consultancy of the Year to be crowned for the first time at the gala ceremony


Leaders UAE 2019: Pinsent Masons confirmed as Gold Sponsor
Law firm is among the major construction industry players confirmed as sponsors for Leaders UAE's
Leaders in Construction UAE Summit returns in Sept 2019
Dubai conference to see top officials discuss the people, trends, and challenges that will power

Latest Issue

Construction Week - Issue 747
Aug 03, 2019