Post by : Mariam
Al-Faris
Al Bandar Development Company has secured strategic partnerships exceeding RO 100 million in investment value through agreements signed with various local institutions and banks. The deals were announced during the Home and Building Expo held at the Oman Convention and Exhibition Centre, marking a major milestone for the developer in expanding its projects and investment reach.
Ministerial Presence and Key Stakeholders
The signing ceremony was presided over by Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals, and attended by senior officials, investors, and stakeholders in Oman’s real estate and development sectors. Their presence highlighted the importance of the agreements in boosting the country’s investment environment and enhancing the real estate landscape.
Fiber Optic Infrastructure Partnership
Among the agreements, Al Bandar partnered with Oman Broadband Company to implement fiber optic infrastructure worth RO 3 million for its "Al Bandar" project located in Al Mawaleh, Wilayat of A’Seeb. This investment aims to provide state-of-the-art digital connectivity for residents and enhance the technological readiness of the community.
Financing for Residential Projects
Al Bandar finalized financing agreements with several banks, including Sohar International Bank, National Bank of Oman, Alizz Islamic Bank, Bank Muscat, and Bank Nizwa, to support the "Al Masharef Villas" residential project in Al Qurum. The total financing value exceeds RO 50 million, and Al Ufuq United Development has been appointed to manage project execution and marketing activities.
Sales, Leasing, and Maintenance Agreements
Additional agreements include a RO 20-million partnership with eBinaa Professional Services to create a dedicated sales and leasing platform. Al Osool Group will manage residential unit maintenance and operational services. A separate RO 3-million deal with Artex Company will strengthen the company’s digital marketing and platform management capabilities.
Launch of New Visual Identity
During the event, Al Bandar also unveiled its new visual identity. The refreshed brand reflects the company’s commitment to creating secure, authentic, and inspiring living environments while expanding investment opportunities. The updated identity aligns with Al Bandar’s vision to enhance the quality of life for residents and investors alike.
Through these strategic partnerships and financial agreements, Al Bandar Development Company is positioning itself as a leading player in Oman’s real estate sector. The company aims to combine modern infrastructure, effective financing, and innovative digital platforms to deliver projects that meet international standards and support sustainable growth in the country.
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