Oman firm ties up with India Inc for real estate development
A leading Oman business group W J Towell has announced the formation of joint ventures with three Indian firms for real estate development in the Sultanate.
By PTI |
DUBAI: A leading Oman business group W J Towell has announced the formation of joint ventures with three Indian firms for real estate development in the Sultanate.
The Indian companies are Piramal Group, Simplex Infrastructure Ltd and Talati & Panthaky Associated Pvt Ltd.
"The association with these companies will bring a new level of interest and expertise to the fore in all constructions and real estate activities," said Imad Sultan, Director in-charge of Indian ventures of W J Towell.
W J Towell, formed in 1866 and now headed by Hussain Jawad, has been a pioneer in property development in Oman.
Ajay Piramal, Chairman of Piramal Group, said that we were looking for opportunities in real estate development in Oman, which could include residential and tourism ventures.
The new alliance will undoubtedly add significant value to the tremendous progress of Towell's construction and infrastructure projects, to the benefit of all of us within the Sultanate," said Ivor Braganza, Chief Executive Officer of Talathi & Panthaky.
Speaking on the occasion, Indian Ambassador to the Sultanate Anil Wadhwa said the joint venture of Indian giants with W J Towell in Oman will surely help build and maintain close Indo-Omani relations.
The Indian companies are Piramal Group, Simplex Infrastructure Ltd and Talati & Panthaky Associated Pvt Ltd.
"The association with these companies will bring a new level of interest and expertise to the fore in all constructions and real estate activities," said Imad Sultan, Director in-charge of Indian ventures of W J Towell.
W J Towell, formed in 1866 and now headed by Hussain Jawad, has been a pioneer in property development in Oman.
Ajay Piramal, Chairman of Piramal Group, said that we were looking for opportunities in real estate development in Oman, which could include residential and tourism ventures.
The new alliance will undoubtedly add significant value to the tremendous progress of Towell's construction and infrastructure projects, to the benefit of all of us within the Sultanate," said Ivor Braganza, Chief Executive Officer of Talathi & Panthaky.
Speaking on the occasion, Indian Ambassador to the Sultanate Anil Wadhwa said the joint venture of Indian giants with W J Towell in Oman will surely help build and maintain close Indo-Omani relations.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
