Muscat: ALARGAN TOWELL Investment Company, the Sultanate’s leading real estate company, recently participated in the second edition of the ‘World Conference on Tourism and Culture’ as a golden sponsor. The conference was hosted from December 11 to 12 at the Oman Convention and Exhibition Centre. It was jointly organised by the Ministry of Tourism and Ministry of Heritage and Culture, in cooperation with the World Tourism Organisation and the United Nations Organisation for Education, Science, and Culture (UNESCO). More than 700 people, both local and from abroad, participated in this event, representing 70 countries around the world and with the presence of 30 ministers of tourism and culture.

Commenting on their participation in the Conference, Eng. Hisham Moussa, CEO of ALARGAN TOWELL Investment Company said, “The Sultanate’s hosting of this conference strengthens its efforts to become one of the leading countries for conference and exhibition tourism in the world. These efforts have been headlined with the opening of Oman Convention and Exhibition Centre, which is considered vital in strengthening the country’s position in this sector. We at ALARGAN TOWELL, consider it our duty as representatives of the private sector to support the government’s efforts. Our sponsorship of this important event is an embodiment of this desire. In addition to our golden sponsorship of the conference, we also participated in the accompanying exhibition to introduce the Al Nakheel Integrated Tourism Complex project.”

The conference and its accompanying exhibition, which was opened under the patronage of His Highness Sayyid Fahd bin Mahmoud Al Said, Deputy Prime

Minister for the Council of Ministers, lasted for two days. ALARGAN TOWELL showcased a model of Al Nakheel Integrated Tourism Complex (ITC) project at the exhibition. The project, of which ALARGAN TOWELL Investment Company is the primary investor, is located in the Wilayat of Barka in the Al Batinah South Governorate. It is being developed on a total area of 500,000 square meters at an estimated cost of OMR 256 million. Furthermore, the development is characterised by its prominent location in the Al Rumais area which links the Muscat Governorate with the Wilayat of Barka. Notable features of the project are its 830 meter waterfront overlooking the Sea of Oman and a Crystal Lagoon and promenade at the heart of the development covering an area of 51,000 square metres; which will form the recreational and entertainment heart of the new urban area.

Mohammed bin Moosa Al Abri, General Manager of Palm’s Beach Company, the developer of Al Nakheel said, “We always seek opportunities to participate in events such as these as it provides a vital opportunity for us to meet with key stakeholders in the tourism and real estate sectors as well as experts and specialists in the field. It provides us with an avenue through which to discuss the latest developments and exchange views and ideas on future prospects of the tourism and real estate sectors. The exhibition was a good opportunity for us to introduce the Al Nakheel project, which is one of the most important integrated tourism projects being developed in the Sultanate currently. We are proud to be the developers of this important project and are confident of the positive results that the project will achieve and the role it will play in strengthening the position of the Wilayat of Barka as one of the most attractive tourist destinations both locally and regionally.”

The Al Nakheel project, which was highly commended at the 2015 Arabian Property Awards, in the mixed-use projects category, for its innovative design and outstanding location, is considered to be one of the most high-profile additions to the ITC market in the Sultanate. The development includes three hotels and hotel apartments with a total capacity of 670 rooms, together with 1,436 residential apartments, villas, and houses; which will be available for ownership for all nationalities and citizens. It will also include a shopping mall, a traditional souk, various restaurants, an aqua park, and other entertainment and service facilities. Moreover, the project aims to strengthen the infrastructure of the tourism sector, raise the numbers of hotel rooms, create rewarding employment opportunities for Omanis, create added value for the society, and achieve other goals that are related to the development of the tourism sector in the Sultanate; in line with the country’s tourism strategy for 2040.

ALARGAN TOWELL INVESTMENT COMPANY was founded in 2003 in the Sultanate of Oman as a result of the strategic alliance between ALARGAN International Real Estate Company and the reputed WJ Towell. ALARGAN TOWELL activities focus on the creation of quality yet affordable housing opportunities for Omanis in the middle-income bracket. This innovative partnership led to the construction of a number of successful and integrated projects, such as Beyout Al Faye, the Al Waha project, the Al Mawalih Villa’s project, the Al Hail homes project, and the Al Qurum Gardens project. Additionally, the Company is currently in the preparation stages for the AlNakheel mega development project, which is expected to be the first Integrated Tourism Complex (ITC) project in the Wilayat of Barka.

As a direct result of their many successes, ALARGAN TOWELL has received numerous international, regional and local awards. Most recently, they received ‘The Affordable Housing Project of the year 2016’, from Oman Real Estate Association. The award was given to ALARGAN for Al-Waha project in Barka. The company also had received the Best Developer Award for Residential Neighbourhoods at the Oman Real Estate Awards, 2015. Additionally, the AlNakheel project was Highly Commended at the prominent regional real estate development awards, the Arabian Property Awards, in Dubai, 2015.

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© Press Release 2017