Investment Opportunity: Muscat Municipality Launches Friday Market Project to Boost Business Growth in Oman
Muscat Municipality has announced a public tender for the development of the Friday Market project in the Wilayat of Muttrah. The initiative involves two adjacent plots in Wadi Kabir, covering areas of 5,722 square meters and 3,554 square meters respectively.
The tender invites investors to construct a commercial building on Plot No. 184 and carry out development works on Plot No. 285. The building on Plot 184 will consist of two floors, each spanning 274 square meters, totaling a built-up area of 548 square meters. It will be equipped with a staircase, elevator, and emergency exits to ensure safety and accessibility.
Additionally, a rear building within the project will feature two floors of 1,422 square meters each, amounting to a total built-up area of 2,844 square meters. This structure will house 10 retail units per floor, each approximately 60 square meters, complemented by shared facilities including restrooms, staircases, elevators, and emergency exits.
Plot 285 is designated for parking facilities, which will be designed with proper entrances and exits, pedestrian walkways, landscaping, and adequate lighting.
The entire project is set to be executed under a 20-year investment contract, according to Muscat Municipality.
Special Analysis by Omanet | Navigate Oman’s Market
The launch of the Friday Market project tender in Muttrah represents a significant opportunity for investors and businesses to capitalize on Muscat’s growing commercial infrastructure with a long-term 20-year contract. This development not only enhances retail and parking facilities but also positions entrepreneurs to benefit from increased consumer traffic in a key urban area, signaling promising returns for those aligned with Oman’s evolving urban commerce landscape. Smart investors should consider the strategic location and phased retail space to leverage emerging market demand while managing risks related to construction and long-term occupancy.
