Subsidiaries

Qalhat Real Estate Investments & Services LLC     (QREIS)

QREIS a wholly owned subsidiary was established in the year 2000, for the implementation of a residential housing project that involved developing a comprehensive state-of-the-art residential complex for the senior-most personnel of Oman LNG (OLNG), on a land measuring about 1 million sq. m. leased from Public Enterprise for Industrial Estate (PEIE). QREIS would be responsible for the implementation of the project including the development of the infrastructure involving construction of roads, landscaping, site development, networking for utility connection and distribution from the public distribution sources and the ownership of the Complex upon completion.

The construction was done by a consortium of Bahwan Contracting Co. LLC and Galfar Engineering & Contracting Co. LLC, based on select tendering and competitive bidding. Construction activities commenced in September 2000 and the entire Complex was handed over to OLNG in April 2002. The Complex stands out as one of the most elaborate updated and comprehensive ones in the Sultanate of Oman, consisting of 130 villas, recreation center, commercial center, kindergarten, elementary school, sports hall, mosque and a maintenance block. There is also abundant vacant land for future expansion. QREIS also provides operations & maintenance services to the complex since 2002.