MUSCAT, APRIL 10, 2016: The Board of Directors of ALARGAN TOWELL Investment Company has announced the appointment of Mr. Hisham Moussa in the capacity of Chief Executive Officer. The newly appointed CEO will lead the operations of the Company to achieve its overall goal of creating communities that impact and elevate the real estate landscape in Oman, which has witnessed great growth in recent years.
Welcoming Hisham Moussa as the new CEO, Mr. Hussain Jawad, Chairman of ALARGAN TOWELL, stated: “Mr. Hisham comes with extensive experience in the real estate development, construction and tourism sectors. He will play a pivotal role in translating the vision and strategy of ALARGAN Towell into a reality for Oman, in line with the direction of the Company to develop integrated residential and tourism projects in Oman.
“ALARGAN TOWELL has played an important role in the past in providing high-quality, affordable homes for the people of Oman. The Company is looking ahead toward continuing on its path in helping people achieve their dreams to own top-rate housing at affordable pricing. The appointment of Mr. Hisham, who has experience in the regional real estate market, will help us execute our future plans, and therefore achieve the desired Company goals for the coming years. We are confident that his experience will contribute to the development of the real estate sector in Oman,” he added.
Expressing his pleasure on joining the ALARGAN TOWELL executive management team, Hisham Moussa commented: “I would like to thank the Board of Directors of ALARGAN TOWELL for their confidence in me. I will spare no effort towards developing the business, weighing in the experience I have gained over my years in the real estate development, construction and tourism sectors. With the ALARGAN TOWELL team, I aspire to achieve the visions and goals of the Company, which are primarily focused on providing quality homes for the people of Oman at affordable pricing.
“The real estate market in Oman is moving towards achieving a qualitative leap in the coming period, and ALARGAN TOWELL is poised to be among the country’s top real estate developers in carrying the sector into this next phase. This leap in quality is already being witnessed and clearly reflected in the Sultanate’s significant urban growth, especially in areas near Muscat.”
Hisham has over 28 years of professional experience in real estate development, construction and project management, as well as architectural and interior design management. Before joining ALARGAN TOWELL, Hisham was the Development Director of Emaar Misr, the Egyptian subsidiary of the UAE based Emaar PJSC. At Emaar, his primary focus was real estate development and management, in addition to strategy implementation for Emaar’s mega mixed use, hospitality, commercial and residential projects in Egypt. His role also included the management of the related commercial, marketing, procurement, design and construction activities, as well as governmental relations, achieving sustained growth in sales, and profitability.
Prior to Emaar, Hisham was the Senior Head of Engineering of Contrack International Incorporated, a multinational contracting company and a subsidiary of Orascom Construction Industries, the Egyptian based construction conglomerate, undertaking large scale construction projects in Egypt and the region.
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 Best Developer Award for Residential Neighborhoods 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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