Al Bandar Development Company has secured strategic partnerships exceeding $259 million (RO 100 million) in total investment value through several significant agreements signed with leading local institutions and major banks.
The signings took place during the Home and Building Expo at Oman Convention and Exhibition Centre. These strategic partnerships aim to strengthen the company’s financial position, support upcoming infrastructure projects, and promote sustainable growth initiatives across key sectors in Oman’s evolving economy.
The ceremony was presided over by Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals, with attendance from senior officials and stakeholders in real estate development and investment sectors.
Among the executed agreements, Al Bandar Development Company has partnered with Oman Broadband Company to implement fiber optic infrastructure worth $7.77 million (RO 3 million) for its ‘Al Bandar’ project in Al Mawaleh, Wilayat of A’Seeb.
Al Bandar Development Company has finalized financing agreements with multiple banking institutions – including Sohar International Bank, National Bank of Oman, Alizz Islamic Bank, Bank Muscat and Bank Nizwa, to provide investment solutions for its ‘Al Masharef Villas’ residential project in Al Qurum.
The combined financing value surpasses $129.5 million (RO 50 million), with project management and marketing responsibilities assigned to Al Ufuq United Development. Further agreements include a $51.8 million (RO 20 million) strategic partnership with eBinaa Professional Services to establish a dedicated sales and leasing platform, while Al Osool Group will oversee residential unit management and long-term maintenance services.
Additionally, a separate $7.77 million (RO 3 million) agreement with Artex Company will focus on enhancing the company’s digital marketing capabilities and improving overall platform management to strengthen its market reach.
The event also featured the launch of the Al Bandar Development Company’s new visual identity, reflecting its commitment to creating secure, authentic and inspiring living environments that enhance quality of life while expanding investment opportunities.
