Public Establishment for Industrial Estates, Oman received the bids for Construction of Ibri Industrial City – Phase 1.
Ten Bidders has submitted the proposals. Oman based Construction firm, Shanfari and Partners Co. LLC has submitted lowest bid.
Shanfari and Partners Co. LLC submitted the price of OMR 8.98million (USD 23.3 million).
The Tender was issued during February 2021 (read more)
The project aims to boost and support the national economy by attracting foreign investments into the Sultanate and localizing the national capital; contributing to stimulating the private sector to achieve sustainable economic and social development; achieving environmental sustainability and contributing to the creation of new job opportunities for the nationals.
The development of the industrial city is expected to be implemented in phases and initially an area of 2.63 million sqm is considered for development (Phase 1), out of a total of 10 million sq.m.
Under Phase 1, Ibri Industrial City is expected to house light and medium activities including, but not limited to, the following:
- Industrial workshops,
- Commercial areas,
- Administrative offices,
- Warehouses for logistics requirements, and
- Supporting facilities and residential areas dedicated to workers.
Read Also: Oman invite bids for Khasab Industrial City Development
