The group has allocated US$1bn more than 5 years to invest in the expanding retail, leisure and tourism sectors in the sultanate, and is operating on other large projects, such as the Al Araimi Walk which has been announced to be completed by 2020.
Speaking at the occasion on Sunday, Sheikh Raid bin Abdullah al Araimi, vice chairman of Al Raid Group, stated, “The completion of this project is a clear evidence that Omani companies are able to carry out large projects of international standards. It is a strategic project that sets the benchmark for the world of shopping and entertainment in the country and the world. It is a 100 per cent Omani-owned project and Al Raid Group is proud the project has achieved its national objectives by embodying the role of the private sector in the process of comprehensive development.”
Al Araimi Boulevard will supply a lot more than three,000 direct and indirect job possibilities for Omanis. “We also support Omani entrepreneurs by enabling them to launch their SMEs with competitive rental rates not available in any other project in the sultanate,” Sheikh Araimi stated. “We believe it is important to guide Omani youth towards self-employment, which will promote the culture of entrepreneurship for the benefit of everyone”.
Al Araimi Boulevard was developed in association with Arab Engineering Bureau, Design International and Kiosks. It consists of two floors, offering spaces for water attributes and green landscaped places, and has a big glass dome that will permit daylight to enter with out heating up the interiors.
Strategically situated in Al Khoudh, Al Araimi Boulevard will supply simple access from Sultan Qaboos road, the Al Furousiya Intersection and Al Salam Road.
With a constructed up region of 187,000sq m, the estimated expense of the project is RO62mn. It will supply 75,000sq m of space to lease to a lot more than 210 shops each and every ranging from 70sq m to 160sq m. A family members entertainment centre spread more than six,000sq m will consist of ten cinema screens, whilst a Carrefour hypermarket will occupy an region of 10,000sq m. It will also have 20 casual dining restaurants and a meals court to seat 1,200 folks. The parking region will have slots for three,000 automobiles.
Information Source: Muscat Daily