A female-only residential and retail complex for students is being built in Muscat in a first for the sultanate. The Myriad, Muscat, launched during a ceremony held under the patronage of Dr Rawya Saud Al Busaidi, Minister of Higher Education, secured a OR20 million ($51.9 million) facility from Muzn Islamic Banking, the Islamic arm of the National Bank of Oman (NBO).
The property is a joint development of Sandan Development, Shaksy Group and Mubbadrah and will be operated by The Myriad, the Middle East, Asia and Africa partner of Asset Campus International, the largest student-housing firm globally with its headquarters in the US.
The Myriad, Muscat is currently under construction with Shaksy Engineering Services as the appointed main contractor. The project today has reached 35 percent completion. The three-tower project will accommodate up to 2,500 residents, and will include a shopping mall and other retail and leisure elements on the ground floor.
