Muscat Municipality and Bayan Investment House inaugurate "al Khuwair Square" commercial complex
The two-floor building has an area of (6000) square meters, contains (36) commercial units and public facilities, and (200) parking lots for vehicles.
• 80% of rentable area of the project was occupied within 14 months only, with an attempt to diversify the brands.
His Excellency Isam al Zidjali, chairman of Muscat Municipality, patronized the inauguration ceremony held on Monday evening, April 5, in the presence of His Excellency sheikh Yahya bin Nasir al Harrasi, Wali of Bousher, and sheikh Fahad bin Mohammed al Khalili, CEO of Bayt Bayan Investment Company, and a number of officials from the municipality and the wilayah of Bousher.
The project is an investment agreement between Muscat Municipality and "Bayan Investment House LLC" so the company benefit from the municipality`s 5150 square meters plot located in Al Khuwair in the wilayah of Bausher to build a diversified commercial complex “Community Mall”.
The idea of the project came to serve the population and urban expansion, and meet the market need for a commercial complex in Al-Khuwair area with an innovative urban conception. The project is an integrated commercial complex consisting of two floors built on an area of (6000) square meters, where in the middle of the complex, there’s green space open to air with dining place to serve the visitors of the mall.
Bayan Investment House implemented the project in (14) months period, despite the challenges posed by the Corona pandemic. It contains (36) commercial units spread over two floors, with (200) parking lots, and a number of public facilities such as prayer rooms and public toilets. The project occupancy rate has reached 80% of the rentable spaces.
The agreement between Muscat Municipality and Bayan Investment House has also included development and maintenance of al Khuwair Public Park, adding new games for children, establishing a dedicated fast food outlet under the management of a global operator within the surroundings of the park, in addition to building public toilets in al Ghubrah Beach Park.
The operating company shall undertake periodic maintenance to the project`s facilities throughout the period of use, pays the bills and other fees related to the delivery of services, and any services related to the project during the validity period of the contract. With its commitment to register all lease contracts with lessees in the municipality, pay the prescribed fees for that, and provide all health requirements and safety precautions in accordance with the regulations approved by the competent authorities.