Highlighting the ongoing growth of the real estate sector in the Sultanate, The Zubair Corporate participated in the inaugural Leaders in Construction Oman Summit, organised by Construction Week Magazine and held at the Grand Hyatt Hotel Muscat on 22^nd October. The summit brought together the crème de la crème of the region’s construction community, and provided a forum for discussions covering the expanse of large infrastructure projects, individual projects as well as the most dynamic residential and tourism space.

Representing The Zubair Corporation , Jose Lora, COO of Real Estate & Hospitality took part in a panel discussion which focused on the success of the Integrated Tourism Complex strategy since it was first launched in 2008. He noted, “Tourists and investors have many destinations and options to choose from around the world, so we should continue our efforts to make it easy for people to come here to visit Oman, and if they choose and are suitable candidates – to invest. Sustained growth in this area will without a doubt add to the further diversification of the economy, and so benefits everyone.

He added; “The final outcome of any comprehensive strategy needs to highlight Oman’s competitive advantage, in order to motivate tourists and foreign investors to choose Oman over so many of the other destinations available in the world. We need to focus on marketing Oman, and create demand – in order to create supply, which creates local employment opportunities, inbound revenues and increased diversification of the economy.”

The recent announcement of USD 8bn expenditures on commercial and residential developments signals a strengthening property market, which coupled with heightened interest from developers in tourism projects such as luxury hotels and resorts is attracting both regional and international players.The Zubair Corporation , through their differentiated products and services have been committed to providing a holistic experienceusing quintessential Omani attributes in addition to a hint of the modern, creating memorable places for future generations.

In addition to the premiere property that is the Shangri-La’s Barr Al Jissah Resort and Spa, the Zubair Corporation’s real estate portfolio includes villa complexes, high-rise apartment buildings, office complexes, retail units, warehousing and workshops.

The Zubair Corporation real estate function continually searches local and regional markets in the pursuit of high-quality unique opportunities for development. Once a project comes to fruition they strive for quality investment returns by focusing on asset strategies that create value through asset management, development, repositioning, and property enhancement. The core strategy is to acquire and develop assets with a strong intrinsic value and clear opportunities for long-term fundamental growth.

With Oman’s construction market currently offering up a wealth of opportunities in fields such as infrastructure, tourism and logistics, the Leaders in Construction summit gave attendees a timely opportunity to discuss the latest sector trends and developments. The summit gathered national and international experts to discuss opportunities and challenges in the region, as well as showcased progress on a number of flagship national projects.

Source: http://www.zawya.com

HT Editor