
Dar Al Atta' recognises INMA as strategic success partner in Oman's first solar-powered community
INMA was entrusted to lead the master planning and architectural design, delivering a cost-effective and community-centric layout that includes 36 villas, a mosque, a majlis, retail units, and a garden. The team also provided technical support throughout the process, coordinating with EIDC, managing the bill of quantities (BOQ) and tendering process, and ensuring quality from design to completion.
'Hay Al Atta represents a powerful example of what public-good partnerships can achieve,' said Mr. Yahya Al Balushi, COO of INMA. 'We are proud to have helped turn this vision into reality and deliver meaningful impact for affected communities.'
The project reflects a shared commitment to sustainable, resilient development. Designed with dignity and well-being in mind, Hay Al Atta offers safe, permanent homes powered by renewable energy, setting a benchmark for socially driven urban initiatives in Oman.
This collaboration between Dar Al Atta' and INMA sets a new benchmark for compassionate urban development and reaffirms the role of private sector expertise in advancing national resilience and social welfare.
About INMA
INMA – the Real Estate Development arm of The Zubair Corporation – is an independent property development, investment, and asset management company based in Muscat, Oman, offering high-quality services and long-term experience across the Sultanate, GCC states, and beyond.
Hashtags

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

Economy ME
33 minutes ago
- Economy ME
Oman's real GDP expands 2.5 percent to $24.52 billion in Q1 2025
Oman's economy demonstrated a consistent growth of 2.5 percent in real GDP by the end of Q1 2025, reaching OMR9.43 billion ($24.52 billion) at market prices—an increase from OMR9.2 billion during the same timeframe in 2024, as reported by Oman's National Centre for Statistics and Information. This rise in GDP was primarily fueled by robust performance in non-oil sectors, which experienced a 4.4 percent increase in added value, climbing to OMR6.92 billion compared to OMR6.63 billion in Q1 2024. In contrast, oil activities experienced a slight decline of 0.4 percent, contributing OMR2.92 billion in Q1 2025, down from OMR2.94 billion the previous year. Crude oil production decreased by 2.2 percent to OMR2.45 billion, while natural gas production emerged as a positive factor, soaring 9.5 percent to OMR475.3 million. IMF hails Oman's economic policies Oman recorded a budget surplus of 6.2 percent and a current account gain of 2.4 percent in 2024, driven by prudent fiscal policies, elevated oil prices, and growth in nonhydrocarbon exports. In its 2024 Article IV consultation, the International Monetary Fund attributed these outcomes to effective economic management. Despite increased social spending under a new protection law, the nonhydrocarbon primary deficit as a share of nonhydrocarbon gross domestic product remained stable, underscoring the government's commitment to financial discipline. Government debt as a percentage of GDP further declined, reaching 35 percent in 2024, reflecting ongoing improvements in Oman's economic fundamentals. Read more: Oman government Treasury bills issuance reaches $101.4 million Oman's average inflation rate The Sultanate of Oman experienced an average inflation rate of 0.81 percent during the initial five months of 2025 compared to the same period last year, according to the Consumer Price Index data released by the Ministry of Economy. The report highlighted a 1.3 percent rise in the general import price index and a 4.1 percent increase in the producer price index by the end of the first quarter of 2025 compared to the corresponding period in 2024. Geographical distribution revealed varied inflation rates across governorates, with South Al Batinah recording a slight decline of 0.04 percent, while A'Dakhiliyah saw the highest rate at 1.58 percent, followed closely by Musandam at 1.51 percent and South A'Sharqiyah at 1.24 percent. More moderate increases were observed in North A'Sharqiyah (0.21 percent) and North Al Batinah (0.42 percent), with other governorates remaining below one percent. Dr. Salim Abdullah Al-Sheikh, official spokesperson for the Ministry of Economy , indicated that the moderation in consumer price inflation was influenced by falling prices in the food and non-alcoholic beverages category, along with stable costs for housing, water, electricity, gas, and fuel. These categories account for over half of the consumer price index weight in Oman. To enhance food security, Oman has established over 80 markets, slaughterhouses, and kiosks since 2021 under its governorates development program, he elaborated. Meanwhile, the FAO Food Price Index noted a year-on-year increase of 7.2 points (6.0 percent) in May 2025 compared to the same month last year. On a monthly basis, the index averaged 127.7 points in May 2025, reflecting a slight decline of 1.0 point (0.8 percent) from April 2025. This fluctuation was driven by rising prices in dairy and meat products, while cereals, sugar, and vegetable oils saw price reductions.


The National
an hour ago
- The National
UAE-Latin America ties present a model for a new type of alliance
As part of its economic diversification and diplomacy strategies, the UAE is exploring uncharted terrains and increasingly focusing on Latin America. It has made strategic investments to enhance collaboration in a wide array of sectors – logistics, port development, food security, renewable energy, defence, technology and critical minerals, among others. Over the past decade, the UAE has made a majority of the Arab Gulf's investments in that region. The UAE's business promotion organisations have representative offices in Argentina, Brazil, Mexico and Panama to support companies in finding business opportunities in Latin America. It is also focusing on promoting tourism and trade, especially in countries such as Colombia. In other examples, Peru and the Dominican Republic have been targets of port development. With a foundation of mutual interest in sustainable development and economic growth, this strategy is set to enrich both regions with enhanced trade, innovation and collaborative efforts. Given the UAE's capital base and focus on tech-driven industries, Latin America's rich deposits of critical minerals also make a strong combination for creating robust supply chains. As part of its connectivity agenda, the UAE is bolstering Latin American ports' capacity and efficiency. For example, significant investments have been in port terminals in Peru and Ecuador. Providing a green twist, the expansion also includes state-of-the-art electric-powered equipment and electric charging station for lorries, thus promoting sustainable logistics solutions. Over the past decade, the UAE has made a majority of the Arab Gulf's investments in Latin America These, combined with Latin America being home to a young and promising workforce, distinct and independent political visions, and its unique geographical location connecting the two largest oceans of the world, will also create jobs and boost economic growth amid shifting global demands. Beyond trade and investment, non-traditional strategic sectors are becoming a key focus of the partnership, such as the establishment of joint platforms for knowledge production, as well as co-operation in the fields of defence technologies, space, digitisation and scientific innovation. While the average growth in gross domestic product for the region is 2 per cent, countries such as Nicaragua, Honduras and Costa Rica are tipped to grow between 3 per cent and 4 per cent. With the desire to increase its GDP to $800 billion in less than a decade, the UAE is pursuing an active economic diplomacy agenda, including exploring the potential for opening new missions in Latin America. The UAE also signed comprehensive economic partnerships agreements – or Cepas – with Chile, Costa Rica and Colombia last year. These agreements reduce tariffs, streamline customs procedures and foster investments in key sectors. More Cepas are being explored with other Latin American countries, including the Mercosur bloc comprising Argentina, Brazil, Paraguay and Uruguay, among others. Another overlap between the UAE and Latin America is the Brics grouping, which includes Brazil as a core member. The UAE officially became a full member of Brics last year. This membership aligns with the Emirates' vision to strengthen its role as a global trade hub and strengthens its collaborative agenda with developing nations. Despite all these factors – plus the absence of conflicts or tensions between the UAE and Latin American countries, which provide the ideal platform for a synergetic future – the relations at present are far from optimal. There is an urgent need to address the challenges that are impeding the robust growth of this relationship. To facilitate this, the Abu Dhabi-based Emirates Centre for Strategic Studies and Research and Anwar Gargash Diplomatic Academy, in co-operation with Fundacao Getulio Vargas in Brazil, are convening a workshop of scholars, diplomats and policymakers on Tuesday in Rio de Janeiro. The conclave, on the sidelines of the Brics Summit, will discuss the overlapping interests between the two sides. The Track 1.5 dialogue will explore their relations from a comprehensive economic-sustainability-technology policy lens and facilitate evolving innovative strategies to develop the multifaceted opportunities and mitigate the pitfalls. Under the umbrella of the annual Hili Forum in Abu Dhabi, which underscores Hili's importance as a crossroad for ancient trade and cultural interaction in the Bronze Age, regional platforms will henceforth rotate through various continents of the world. The dialogue in Rio, involving government officials, think tankers, academics and businesspeople, will pay particular attention to the following – economic changes in Latin America and the UAE; significance of UAE-Latin America ties in a disruptive global ecosystem; main drivers of co-operation; prospects for collaboration beyond traditional trade; evolving strategies to ensure win-win synergy; sustainable development issues; and evolving intellectual and policy instruments to achieve the above. In a world where the effectiveness of the current international order is being questioned, this bridge between the UAE-Gulf and Latin America presents a model for a new type of alliance. Based on pragmatism, rather than polarisation or domination, this interaction could emerge as a pivotal feature of a new global order taking shape outside traditional pathways – one rooted in South-South co-operation.


Khaleej Times
2 hours ago
- Khaleej Times
REEF Luxury Developments launches REEF 998 in Dubai Land Residence Complex
After the successful launch of REEF 1000 and REEF 999, REEF Luxury Developments – a pioneer in innovative real estate solutions, has unveiled the Dh450 million ($122.5 million) REEF 998 project, an architecturally advanced residential community. Spanning an impressive 355,663 square feet, REEF 998 sets a new benchmark in architectural excellence and contemporary living. The handover of REEF 998 is scheduled for Q2 2028 REEF 998 offers 323 residences ranging from stylish studios to spacious 3-bedroom apartments. Each unit features REEF's region-first patented outdoor cooling technology and the Sunken Balconies, ensuring year-round outdoor living comfort 'These elegant homes in DLRC are long-term investment assets that answer a clear market need,' said Samer Ambar, CEO of REEF Luxury Developments. 'In Dubai's thriving property market, REEF 998 livable innovation and design resilience really sets it apart. From energy efficient systems and smart technology to exclusive outdoor spaces with integrated outdoor cooling technology, we're delivering a product that meets both lifestyle aspirations and investor expectations.' Residences range from 477 to 1,397 sq ft every home includes premium Bosch appliances and Grohe fittings, while the project offers resort-style amenities, smart home tech, and a masterplan built around community connection and green space. REEF 998 is strategically located in DLRC on Hamdan Bin Zayed Road, enjoys a dual frontage: one facade overlooks the vibrant main road, while the opposite side overlooks a tranquil community park, granting residents uninterrupted green views. REEF 998 also places sustainability at its core, using a recyclable steel structural system to boost energy efficiency and long-term durability along with REEF's patented sunken balconies with outdoor cooling – delivering value to both residents and investors. With prices starting from Dh759,441, the project offers flexible 3 and 5.5 year payment plans with post-handover option, making it one of the most compelling new opportunities in Dubai's thriving real estate sector. The anticipated metro connectivity and alignment with Dubai's 2040 Urban Master Plan enhance Dubailand's growth potential, positioning REEF 998 as a standout investment opportunity. As the city recorded Dh143 billion in transactions in Q1 2025 alone, REEF 998 arrives at a time of strong momentum, offering investors and homeowners a rare blend of innovation, luxury, and sustainable value in one of the UAE's most promising communities.