
Oman-India JV to develop, manage sultanate's malls
Etlala Jouri Muscat Modern Company (ScottOMAN), a leading Omani real estate transactions, property, and facility management company, has inked a strategic partnership with Beyond Squarefeet, an Indian mall advisory and management group, to set up a new venture - Mall-IQ - in the sultanate.
Headquartered in Muscat, ScottOMAN is recognized as an SME Riyada company by the Public Authority for Small and Medium Enterprises, that is dedicated to supporting the growth and development of Oman's real estate sector.
As per the deal, Mall-IQ, will focus on enhancing the development and management of various real estate assets in Oman under its umbrella, said ScottOMAN in its statement.
By leveraging the combined strengths of both companies, Mall-IQ is set to offer comprehensive and effective solutions for mall owners and real estate developers, providing enhanced value through a global perspective and innovative strategies, it stated.
ScottOMAN pointed out that this partnership comes at a time when professional asset management is gaining traction in Oman.
As local real estate players increasingly seek specialized companies to manage their properties, Mall-IQ will provide bespoke solutions tailored to each asset, helping clients optimize the value of their real estate investments, it added.
Talal Al Foori, the Chairman of ScottOMAN, said: "We are excited to collaborate with Beyond Squarefeet, a company with over 100 malls under its management across multiple countries. This strategic alliance will allow Mall-IQ to deliver world-class services and best practices to our clients, both current and future."
"Our goal is to set new standards in mall management and asset enhancement in Oman," he stated.
"As an SME Riyada company, ScottOMAN is committed to driving innovation and excellence in the Omani real estate market, and this partnership is a natural extension of our ongoing efforts to strengthen our local and regional presence," he added.
Susil S. Dungarwal, the Chief Mall Mechanic at Beyond Squarefeet, said: "Having already worked on several projects in Oman, we are eager to expand our presence and bring our expertise to the local market. This partnership will allow us to implement best-in-class systems and methodologies, ensuring that our clients receive the highest quality services they deserve."
With over 100 projects across India, Iran, Nepal, Nigeria, Oman, and Qatar, Beyond Squarefeet has worked with top real estate brands like Lulu Group, DLF Group, Tata Housing, and Omaxe Group.
"The Mall-IQ partnership combines ScottOMAN's local market knowledge and Beyond Squarefeet's international expertise to enhance the asset value and long-term profitability of mall and retail projects," stated Dungarwal.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Gulf Insider
3 hours ago
- Gulf Insider
Oman Hotel Revenue Hits $284m as Visitor Numbers Up 8.6%
Oman's revenue from three to five-star hotels by the end of April 2025, reached OR109,213,000 ($283.7m), according to statistics released by the National Centre for Statistics and Information (NCSI). This is an increase of 17.3 per cent compared to OR93,094,000 ($242m) during the same period in 2024. The statistics indicate that this growth is attributed to an 8.6 per cent rise in the total number of hotel guests, recording 831,751 guests by the end of April 2025, compared to 766,153 guests in the corresponding period in 2024. Additionally, the occupancy rate increased from 53.4 per cent by the end of April 2024 compared to 61.1 per cent by end of April 2025, marking a 14.4 per cent growth. The number of guests from Oceania surged by 57.8 per cent, totalling 18,124 visitors, followed by Africa with a 57.6 per cent increase, reaching 5,993 guests. European guests rose by 19.9 per cent, totalling 314,535 visitors. Meanwhile, guests from the Americas increased by 19.1 per cent, reaching 28,843 visitors, while GCC nationals saw a 12.6 per cent increase, totalling 53,642 guests. Asian nationalities recorded a 5.4 per cent rise, with 114,426 visitors. Conversely, the statistics revealed a 0.7 per cent decline in Omani guests, totalling 238,895 visitors by the end of April 2025. Additionally, guests from other Arab nationalities decreased by 2.3 per cent, recording 32,072 visitors. Also read: Sultan of Oman Issues Royal Pardon for 645 Inmates, Including Expats


Gulf Insider
18 hours ago
- Gulf Insider
No Travel Ban On Indians: Saudi Arabia's Temporary Visa Restrictions Linked To Hajj Season
Saudi Arabia is expected to lift the temporary travel restrictions on Indian nationals following the end of visa regulations introduced earlier in April to manage the flow of pilgrims and reduce overcrowding during the Hajj season. In April 2025, the Saudi authorities temporarily suspended the issuance of Umrah, business, and family visit visas to nationals of 14 countries, including India. This measure, which will remain in place until mid-June 2025, was implemented as part of the Kingdom's broader efforts to streamline pilgrimage operations and ensure the safety and comfort of worshippers and visitors. The temporary ban was not a targeted travel ban against specific nationalities but rather a logistical measure to prevent congestion in the lead-up to Hajj. It primarily affected short-term visa categories and does not reflect any change in the broader bilateral ties between Saudi Arabia and the countries involved. Indian citizens are expected to regain access to short-term visa services following the conclusion of the Hajj season and resumption of regular visa processing. As such, reports suggesting a broader ban on Indian travellers entering Saudi Arabia are inaccurate. No official notification has been issued by the Saudi government restricting general travel from India. Saudi Arabia remains a key destination for millions of Indian expatriates, pilgrims, and business travellers, and both nations continue to enjoy strong and growing ties across sectors such as trade, energy, culture, and religious tourism.


Daily Tribune
4 days ago
- Daily Tribune
Modi opens Kashmir rail link
Prime Minister Narendra Modi made his first visit to Kashmir yesterday since a conflict with arch-rival Pakistan, opening a strategic railway line to the region he called 'the crown jewel of India'. Modi launched a string of projects worth billions of dollars for the northern territory. Nuclear-armed India and Pakistan fought a four-day conflict last month, their worst standoff since 1999, before a ceasefire was agreed on May 10. 'Pakistan will never forget... its shameful loss,' the premier told crowds a month since India launched strikes on its neighbour after an attack on tourists in Kashmir. 'Friends, today's event is a grand festival of India's unity and firm resolve,' Modi said after striding across the soaring bridge to formally launch it for rail traffic. 'This is a symbol and celebration of rising India,' he said of the Chenab Bridge which connects two mountains. The Chenab span is the 'world's highest railway arch bridge', sitting 359 metres (1,117 feet) above a river. While several road and pipeline bridges are higher, Guinness World Records confirmed that Chenab trumps the previous highest railway bridge, the Najiehe in China. Modi called it 'an extraordinary feat of architecture' that 'will improve connectivity' by providing the first rail link from the Indian plains up to mountainous Kashmir. With 36 tunnels and 943 bridges, the new railway runs for 272 kilometres (169 miles) and connects Udhampur, Srinagar and Baramulla. It is expected to halve the travel time between the town of Katra in the Hindu-majority Jammu region and Srinagar, the main city in Kashmir, to around three hours. The new route will facilitate the movement of people and goods, as well as troops, that was previously possible only via treacherous mountain roads and by air.