Oman?s first integrated light industries city, which will be developed by Sandan Development at a cost of US$260mn, is expected to be complete in the middle of 2018, catering to automotive and construction sectors
The first-of-its-kind project will be constructed over 250,000 sq m of land, located five kilometres away from Al Mabailah exit at the express way, Times of Oman reported.
According to Said bin Naser bin Salim Al Rashdi, CEO of Sandan, the city will host 2,200 workshops and exhibitions for building materials and automotive, 400 offices and 1,800 residential units for workers.
All the units of the project ? including workshops, offices, tradeshows and residential units ? will be offered for direct sale, and buyers have the opportunity to pay in interest-free instalments extending for 18 months.
Facilities such as hypermarket, restaurants, hospital and mosque, are expected to be available for the expected 15,000 people who will reside in the city.
Al Rashdi added that private investors have invested in the land and the project and Sandan will be the developer of the project. The project will be developed in four phases. The first phase is related to the auto industry and the second one to the construction sector.
Sale for the first two phases will be launched at the same time on 22 February and the two other phases will be sold later.
The CEO stated that a tender will be floated in April 2016 and the construction is expected to start by June or July this year.
The work team had assigned the comprehensive feasibility study to PwC and the technical feasibility study to German company Huller. Project drawings have been approved by Oman?s Ministry of Housing, Royal Oman Police (ROP) and the civil defence.
