(MENAFN- Muscat Daily) Muscat- Meethaq, the Islamic banking window of Bank Muscat, hosted the signing ceremony and launch of 'Little India', a landmark residential and tourism complex at Duqm.
A series of agreements were signed on the occasion in the presence of H E Yahya al Jabri, chairman of the Special Economic Zone Authority at Duqm (SEZAD), H E Indra Mani Pandey, Indian Ambassador to Oman and Sulaiman al Harthy, deputy CEO – Islamic Banking at Bank Muscat, according to a press release.
Meethaq signed an agreement as financial advisor of 'Little India' project. Harthy and Pradipkumar Nair, chairman of Little India, signed the agreement.
The project coming up in stages across 600,000sqm includes a five-star hotel, resorts, yacht marina, residential and commercial complexes with an investment of RO288mn.
Harthy said: 'Meethaq is proud to be associated with 'Little India', a landmark residential and tourism project at Duqm and congratulate the promoters of Little India for initiating this project. Meethaq's association with the project comes as part of its commitment to spotlight investment opportunities available for investors in the Special Economic Zones, industrial estates and maritime ports across Oman.
As the pioneer of Islamic banking in Oman, Meethaq recognises the immense investment prospects and potential that Oman offers and is committed to supporting strategic national development initiatives in line with Oman's Vision 2040 economic blueprint. In light of the strong bilateral relations between Oman and India, the launch of 'Little India' in Duqm opens yet another window to facilitate attractive investment opportunities for Indian investors in Oman.'
The promoters of 'Little India' project are also associated with Sebacic Oman setting up the world's largest plant for sebacic acid in Duqm.
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