Muscat National Development and Investment Company (ASAAS) announced establishing a 100% owned Construction Management Company named 'Kayan'
The newly formed subsidiary will be responsible for the management and execution of ASAAS' real estate development projects starting with the recently announced OMR 15 million Hilton Garden Inn Muscat in Al Khuwair

"Oman's real estate industry has witnessed significant growth over the past five years, a trend that is expected to continue as a result of the government's focus on diversifying sources of income and developing the tourism and transportation industries in addition to the anticipated global economic recovery," remarked, Eng. Khalid Al Yahmadi, ASAAS CEO. "Against this promising backdrop, our aim at ASAAS is to build a very strong asset base over the next ten years through direct investments that will support the development of real estate projects

CEO’s Message

Oman has become an increasingly energetic landscape in its strategic infrastructural development, with each domestic industry having proven fertile ground for economic growth. In its proud commitment to continue driving socio-economic progress nationwide, KAYAN serves the Sultanate as an enabling corporate body that effectively enriches life in Oman.


Shareholders

KAYAN well-established shareholder base is positioned across multiple sectors, as per the following:

State General Reserve Fund
Civil Service Pension Fund
Muscat Municipality
The Sultan Special Force Pension Fund
Ministry of Defense Pension Fund

Public Authority of Social Insurance
Royal Oman Police Pension Fund
Oman National Investment and Development Company
Internal Security Service Pension Fund
The Royal Office Pension Fund


Career

Achieving More Together

KAYAN works to enrich life for local communities in Oman.



Project

details

The newly formed subsidiary will be responsible for the management and execution of ASAAS' real estate

Al Khwair Hospitality Project

Al Khuwair Hospitality Project is being developed by Muscat National Development and Investment Company (ASAAS)

Oman Air Crew Reporting Facility

The National Leisure & Tourism Destination

Institute of Public Administration

Hilton Garden Inn


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