ALMEERA OMAN STARTING THE ENGINEERING DESIGN WORKS FOR A NUMBER OF ITS BRANCHES IN THE SULTANATE OF OMAN

Al Meera MERS -0.60% 132.20 -0.80
Al Meera Consumer Goods Company discloses that Al Meera Markets SAOC (Al Meera Oman), a joint venture between Al Meera Consumer Goods Company QSC (State of Qatar) and Oman National Investment Development Company (ONIDCO / TANMIA) - a subsidiary of Oman’s Pension Funds, has started the engineering design works for a number of its branches in the Sultanate of Oman. It is worth mentioning that Al Meera Consumer Goods Company QSC owns 70% of the capital of Al Meera Markets SAOC, which has signed four lease contracts for four plots of land in different locations across the Sultanate, namely: Al Amerat (about 14,000 square meters), Salalah (40,000 square meters), Sur (40,000 square meters), and Al Suwaiq (about 22,000 square meters).

The design work has begun at Al Amerat branch, and efforts are underway to commence the design work for the Salalah branch, while the company is considering the possibility of setting up major partnerships with a 

Number of organizations to establish its presence in the sites that Al Meera will develop to provide goods and services that cater to the needs of the residents of those areas. The company is seeking to tender the establishment of its commercial center in Al Amerat during the first quarter of 2018, as well as for its Salalah branch after the completion of the consideration of its strategic partnerships, following which it will eye the development of its properties in Sur and Suwaiq successively.

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