Muscat: The Ministry of Housing and Urban Planning on Tuesday signed 30 usufruct (land lease) agreements for setting fuel stations at an estimated cost of more than OMR5 million.
The area of fuel stations will be range from 2,500 square metres and more than 5,000 square metres for each station, with a total area of 101,842 square metres.
This comes within the Ministry of Housing and Urban Planning initiatives in achieving financial sustainability, attracting investment, enhancing government revenues, stimulating commercial movement and encouraging local investment.
The agreements were signed by Eng. Hamad bin Ali Al Nazwani, Undersecretary of the Ministry of Housing, and Urban Planning for Housing and representatives of fuel stations, in the presence of Dr. Saleh bin Saeed Al Masn, Undersecretary of the Ministry of Commerce and Industry and Investment Promotion for Trade and Industry.
Furthermore, the ministry allocated sites for the establishment of 7 fuel stations in South Al Sharqiyah Governorate, 6 fuel stations in Dhofar Governorate, 6 fuel stations in North Al Sharqiyah Governorate, 4 fuel stations in Al Dakhiliyah Governorate, 3 fuel stations in Muscat Governorate, 2 fuel stations in Al Dhahirah Governorate, in addition to the allocation of sites for the establishment of one fuel station in each at Al Buraimi and South Al Batinah Governorates.
The allocation of these sites comes within the Ministry of Housing and Urban Planning approach, which is working on a new mechanism, to ensure the maximum benefit from the allocated investment sites including the integrated fuel stations projects the small stations which reached 46 service station so far as well as bidding on commercial and residential lands to support government revenues and promote local investment, within the Fiscal Balance Plan (2020-2024).