Hospitality and Real Estate

Hospitality, real estate and ITCs are a crutial point in the development of Oman and its growing tourism sector. With notable experience and key knowledge of the local industry and international investors, K&Co are well-equipted to assist clients in this field and currently serve a number of notable developers.

With respect to this field, we currently represent and assist an array of clients and developers in the following areas:

ITCs
Drafting and reviewing agreements, plans, policies, regulations and contracts relative to the real estate or development projects
Coordination with relevant authorities on licensings, approvals, regulations, permits and other requirments
Negotiations and establishment of contracts between landlords and tenants

NOTABLE HOSPITALITY AND REAL ESTATE ACHIEVEMENTS

Drafted a sales purchase agreement for an ITC project

Start and end date: 2020

Value: OMR 30 million

K&Co drafted the sales purchase agreement for an high-value ITC project relating to the sale of apartments and retail venues.

Drafting and reviewing the property rules and regulations, Development control plan for a multi-million rial touristic complex in Oman

Start and end date: 2022 – Ongoing

Value: confidential

K&Co are drafting and reviewing a property rules and regulations and development control plan for the in accordance with Master Development Agreement established between the government and our client.

Advise and restructuring of the SPA for an Integrated Tourism Complex

Start and end date: ongoing

Value: approximately OMR 20 million

We advised a newly established project within an integrated tourism complex (ITC), which involved our corporate team’s drafting and input on the sale and purchase and maintenance agreements for the project along with the association rules for the homeowners in the project. K&Co. subsequently advised on potential dispute resolution solutions for the defaulting clients of the abovementioned project.