W J Towell, A leading Oman business group, 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.
Mr. Imad Sultan, Director in-charge of Indian ventures of W J Towell, said,”The association with these companies will bring a new level of interest and expertise to the fore in all constructions and real estate activities”.
W J Towell, formed in 1866 and now headed by Hussain Jawad, has been a pioneer in property development in Oman.
Mr. 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.
Mr. Ivor Braganza, Chief Executive Officer of Talathi & Panthaky, said, “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”.
Speaking on the occasion, Indian Ambassador to the Sultanate Anil Wadhwa said that the joint venture of Indian giants with W J Towell in Oman will surely help build and maintain close Indo-Omani relations.
3 Comments
The alliance between Oman firm and Indian real estate company like Piramal Group will bring a new level of interest and expertise to the fore in all constructions and real estate activities.
That’s good for the indian real estate sector because in the real estate level india is the top most developing country in the whole world
The new alliance will undoubtedly add significant value to the tremendous progress of Towell’s construction and infrastructure projects