- Advertisement -
Monday, November 4, 2024
Home News Fleet Oman's Asyad Group invites bids for development of 54,104sqm prime land in...

Oman’s Asyad Group invites bids for development of 54,104sqm prime land in Muscat

Mwasalat is investing heavily in strengthening its fleet of buses, taxis and associated infrastructure to modernise public transport

Oman Global Logistics Group (Asyad Group) has invited bids from top firms for the development of prime land owned by Mwasalat, the Sultanate’s public transport services company, in the Azaiba region of the capital, Muscat.

A key Omani asset, Asyad manages a diverse portfolio, including port management, transportation, shipping, freight forwarding businesses and public services. One of its key subsidiaries is Mwasalat , which provides public services and is investing heavily in strengthening its fleet of buses, taxis and associated infrastructure to modernise public transportation in Oman.

“Asyad (as project promoter) on behalf of Mwasalat (project employer) seeks proposals to select a developer to invest and develop Mwasalat’s Project Site A-1 which is 54,104 sq m prime land in Azaiba,” stated Asyad in its tender notification.

As per the notification, interested parties can submit a proposal to develop a residential, commercial or mixed-use project on the 54,104sqm prime land in the Al Athaibah region of the capital. The project can include retail shops, offices, mall, hypermarket, apartments, hotel etc. or any other commercial facility, the notification said.

Asyad added that the contractual agreement between the potential investor and developer will include a design, build, finance, operate and transfer development model.

As per the tender notification, the developer may also lease-out, sub-let or operate the facilities to recover its cost and earn profit over the period of the agreement. The developer may also assign the individual facilities to different operators to operate and/or maintain, it added.

According to Asyad, this will also include master planning, operation and maintenance of the facility for a four-year term and transfer all the assets to Mwasalat, at the end of the contract term.

The deadline for submitting the bids is August 17, the tender notification concluded.

- Advertisement -
- Advertisement -

Most Popular

Tadweer signs off on five operations contracts worth over $544mn

The Abu Dhabi Waste Management Company (Tadweer) signed five operations contracts with a value of over AED 2 billion during this week's EcoWaste 2023...

SAF-HOLLAND showcased its entire brand portfolio for the first time at the IAA

SAF-HOLLAND has said it showcased its entire brand portfolio for the first time at the IAA Transportation show in Hanover, uniting all its companies...

The Kia Tasman rolls into Jeddah after UAE testing

Kia Corporation has officially introduced the Kia Tasman, its first-ever pickup truck, showcasing advanced capabilities for both work and leisure. Debuting at the Jeddah...

INDU Kishore Logistics breaks ground on state-of-the-art logistics facility

Dubai South, the UAE’s largest single-urban master development focused on aviation, logistics, and real estate, has partnered with INDU Kishore Logistics to break ground...

Related News

BMW Middle East showcases luxury and sustainability at Dubai Design Week

BMW Middle East is returning to Dubai Design Week as the exclusive Automotive Partner for the third consecutive year, presenting a unique pavilion that...

SAF-HOLLAND showcased its entire brand portfolio for the first time at the IAA

SAF-HOLLAND has said it showcased its entire brand portfolio for the first time at the IAA Transportation show in Hanover, uniting all its companies...

The Kia Tasman rolls into Jeddah after UAE testing

Kia Corporation has officially introduced the Kia Tasman, its first-ever pickup truck, showcasing advanced capabilities for both work and leisure. Debuting at the Jeddah...

INDU Kishore Logistics breaks ground on state-of-the-art logistics facility

Dubai South, the UAE’s largest single-urban master development focused on aviation, logistics, and real estate, has partnered with INDU Kishore Logistics to break ground...

Cargostore and HALEYS reveal high-spec trailers for Qatar

Cargostore Worldwide and HALEYS Group Middle East have joined forces to provide essential logistical infrastructure for the nation's expanding offshore energy projects. The collaboration...

LEAVE A REPLY

Please enter your comment!
Please enter your name here