Bank Nizwa signs $650mn agreement with Palm Beach for Al Nakheel project ...United Arab Emirates

Bank Nizwa has signed a US $650mn agreement with Palm Beach for the Al Nakheel Project, an integrated tourism complex that will be developed by Alargan Towell Investment Company in Oman. The Al Nakheel project is being built under the auspices of the Ministry of Heritage and Tourism and is a mixed-use real estate development located on the seafront between Al Seeb and Barka. It is said to be in close proximity to the Daymaniyat Islands Nature Reserve. The project will be constructed on a land area of 500,000sqm and will have a total built up area of 369,000sqm. It will be developed in three phases, with Bank Nizwa’s financing being extended for the development of Phase 1A of the project, the

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Last updated : 14 September 2022 clock 06:40 AM

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Bank Nizwa signs $650mn agreement with Palm Beach for Al Nakheel project ...United Arab Emirates

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