{"id":616851,"date":"2024-03-12T00:00:00","date_gmt":"2024-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/12\/local-firms-to-set-up-usd-1-bn-real-estate-project-in-oman\/"},"modified":"2024-03-12T00:00:00","modified_gmt":"2024-03-12T00:00:00","slug":"local-firms-to-set-up-usd-1-bn-real-estate-project-in-oman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/12\/local-firms-to-set-up-usd-1-bn-real-estate-project-in-oman\/","title":{"rendered":"Local firms to set up USD 1 bn real estate project in Oman"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egyptian firms are looking to set up a USD 1 bn real estate project in Oman: <\/strong>A consortium of local real estate developers, contractors, and consultants have plans to set up a USD 1 bn real estate project in Oman, reports <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/03\/10\/1773736\" style=\"\" rel=\"noopener\">Al Borsa<\/a>, citing Shams El Din Youssef, chair of Alshams For Contracting, one of the parties involved. The project will consist of residential, commercial, and administrative units. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved?<\/strong> Along with <a target=\"_blank\" href=\"https:\/\/alshams.com.eg\/\" style=\"\" rel=\"noopener\">Alshams For Contracting<\/a>, the consortium includes <a target=\"_blank\" href=\"https:\/\/alex-inv.com\/\" style=\"\" rel=\"noopener\">Alexandria<\/a><a target=\"_blank\" href=\"https:\/\/alex-inv.com\/\" style=\"\" rel=\"noopener\">Company for Investment and Development<\/a>, real estate marketing company <a target=\"_blank\" href=\"https:\/\/realmark.com.eg\/\" style=\"\" rel=\"noopener\">Real Mark<\/a>, <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/cpmegypt\/?originalSubdomain=eg\" style=\"\" rel=\"noopener\">Construction and Project Management Consultancy<\/a>, and an unnamed contracting company specialized in infrastructure projects, Youssef said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where things stand: <\/strong>The consortium is currently in discussions with the Omani government over the timeline and final investment size for the project, Youssef said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oman wants our input: <\/strong>The Omani government proposed the project to the Alexandria Company for Investment and Development in order to benefit from the expertise of Egyptian firms, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consortium is currently in discussions with the Omani government over the timeline and final investment size<\/p>\n","protected":false},"author":1,"featured_media":616852,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7371],"tags":[130,72,7265,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-construction","tag-enterpriseam","tag-oman","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"978ee793-2b94-48b4-9729-4ea8af914236","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/932.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian firms to set up a USD 1 bn real estate project in Oman","related_issue":[616839],"teaser":"The consortium is currently in discussions with the Omani government over the timeline and final investment size","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.27bf27e0-98e4-4386-b456-4e0876de4268.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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