Muscat, 29 May 2016: Testament to its pioneering role in the development of the real estate sector in the Sultanate, ALARGAN TOWELL Investment Company has announced its participation as a main sponsor for the ‘Real Estate Forum’ organised by the Oman Real Estate Association (ORA). The event which will flag off on Monday, May 30 at the Crowne Plaza, Muscat will see participation from real estate companies and investors from within Oman as well as regionally.
In addition to the Company’s sponsorship of the forum, CEO Eng. Hisham Moussa will represent ALARGAN TOWELL as a speaker in panel discussion sessions which will is expected to gather the most prominent leaders and pioneers of the real estate industry in the Sultanate at the first of a kind event in Oman.
Commenting on providing support to events that raise the profile of the Omani real estate sector, Eng. Hisham Moussa, Chief Executive Officer at ALARGAN TOWELL Investment said, “The real estate forum which is organized by Oman Real Estate Association is shaping up to be one of the most important events for the sector in the Sultanate. The forum brings together experienced real estate leaders and prominent Government officials, and will also feature numerous experts from the real estate sector from Oman and abroad. Given the dominant role of real estate in the economic growth of Oman, we believe that this forum will be of great benefit to all attendees.”
“We are proud to be a part of this significant event, as we truly understand the importance of these forums and conferences in developing and enhancing the role of real estate in the growth of investments.” he added.
By organising this event, the Oman Real Estate Association aims to highlight the most prominent challenges facing the sector, as well as bringing together official Government organizations responsible of managing real estate sector in the Sultanate and real estate developing companies. The combination of the aforementioned players are considered the backbone of the sector in the country and the forum is expected to be an opportunity to discuss ways to enhance the sector's contribution in the total local production of the Sultanate. Additionally, the scheduled panel discussions will explore how the real state sector can play a key role in the activation of the Government's policy to diversify sources of income, by attracting foreign investment.
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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