Muscat: The formal inauguration ceremony for the Malak Tower project, slated for construction in the Ghala area of Muscat Governorate, took place on a construction site spanning approximately 17,000 square meters, with an investment value of OMR 12 million. The project is anticipated to be completed by the year 2027.
The Malak Tower project is set to be a premier office building, featuring a total of 12 floors. It will include two basement levels dedicated to parking, a ground floor allocated for commercial spaces, and nine floors dedicated to office use. This development marks a significant milestone in the real estate landscape of the Sultanate of Oman.
The realization of this project is the culmination of a strategic alliance among His Highness Sayyid Kamil bin Fahd Al Said, the proprietor of the project, Al Khalili Group, and Tabyan, serving as its marketer and manager. This collaboration underscores the critical role of cooperation in the realization of value-added real estate projects, aiming to launch high-quality, high-standards projects that cater to the needs of business owners and investors within the Sultanate of Oman.
His Highness Sayyid Kamil bin Fahd Al Said, the proprietor of the Malak Tower project, remarked, "The Malak Tower project transcends the conventional definition of a real estate tower. It represents a collective endeavor that embodies an attractive added value for business and investment. The strategic location of the project, overlooking Sultan Qaboos Street, affords it privacy, a unique distinction, and a commercial value that is unparalleled."
The formal inauguration ceremony for the project was graced by His Excellency Abdul Salam bin Mohammed Al Murshidi, the Chairman of the Oman Investment Authority, amidst the presence of numerous His Highnesses, Excellencies, and business proprietors at the W Hotel.
It is important to highlight that one of the primary benefits of the Malak Tower is its provision for companies and individual investors to acquire office and commercial spaces at competitive prices, thereby offering them investment opportunities in a distinguished locale. Additionally, the project offers attractive payment plans for purchasers, enabling them to settle the purchase price in stages. This development is expected to attract a diverse array of companies and commercial entities, thereby enriching the commercial landscape of the tower.
