The Sharqiya Development Company has officially launched its RO120m Sur Gate integrated real estate project that will bring a major economic boost to the city of Sur and the surrounding Sharqiya region. The project was formally launched in the presence of Sheikh Abdullah bin Mustahail bin Salim Shamas, the Governor of A'Sharqiyah South and other local Government officials, business executives and community leaders.
The announcement is a major milestone in the planning of the Sur Gate project that is set to create a major economic stimulus for businesses and the local tourism sector. When complete the project will include a luxury hotel with 144 rooms and 18 suites, a commercial complex for business use, a hypermarket and modern entertainment complex that will include a four-screen cinema.
Sur Gate will also involve the development of a number of new and modern residential facilities that will provide a new style of tranquil and enjoyable living for local families. In total the project will cover an area of 217,000 square metres on a strategic location at the entrance to Sur and close to the main highway to Muscat.
Sharqiya Development Company officials believe that the project has the potential to create 500 new jobs and create new prosperity and opportunities for local Omanis in particular to have rewarding and fulfilling careers in their home town or local neighbourhood.
Speaking at the official launch company Managing Director Yasser bin Ali Alawi said: "We are very proud to be officially launching Sur Gate today and helping with the economic stimulus of the city and surrounding region. This integrated real estate project will become a landmark and prestigious development for the area providing a major boost to the tourism sector in particular while delivering new homes, office accommodation and an exciting new entertainment destination for the local community."
"The project is fully in line with the Government's vision and commitment to creating new areas of economic prosperity and employment for local Omanis in particular. This will be one of the biggest single investments ever made in Sur and I am sure will give the people of this region something to be proud about for the future," Yasser added.
Sur Gate has been designed to create a blend of both modern architectural approaches – but with a local twist that reflects the long traditions of Sur and its seafaring heritage. Sur has for centuries been a gateway to the world for Oman with close connections to both the Indian subcontinent and East Africa. The location of the new project on the entrance to Sur will provide it with a new commercial gateway for the future.
Mr. Yasser bin Ali Alawi explained that the project was being developed with the wholehearted support of the Public Establishment for Industrial Estates who are playing a significant role in helping the project come to life.
"There is no doubt that our project can really create a new vibrant and dynamic focus for Sur and act as a stimulus to attract other investors and projects to this dynamic region," he added.
Speaking on behalf of the Public Establishment for Industrial Estates (PEIE), Mohammed Al Ghailani added: "This is truly a landmark development for Sur that has the potential to change the face of the city's economic prospects and prosperity for the years to come. Once a project of this scale and quality is underway in Sur we are sure that other such projects and investors will be encourage to look at the excellent opportunities for investment and development here both in Sur and the wider Sharqiya region."
The Sharqiya Development Company was created in 2007 and the Sur Gate project is its largest project to date. The company is planning a number of other investment projects in the real estate sector in the future for the Sharqiya region.
Press release
1 July
