Key Takeaways
- FIRAS BIN FATIK SPC and MAADFAM Entertainment Private Limited (MEPL) have announced two large-scale development initiatives in Oman, aligned with Oman Vision 2040 and the Comprehensive Economic Partnership Agreement (CEPA).
- The initiatives aim to strengthen education infrastructure, expand tourism, and support economic diversification in the Sultanate.
- The first initiative proposes the development of an integrated student accommodation and campus living district, while the second initiative envisages a large-scale integrated interactive zone.
- The projects are designed to enhance the quality of student life, support tourism growth, promote youth engagement, and stimulate the creative economy.
Introduction to the Initiatives
FIRAS BIN FATIK SPC, in partnership with MAADFAM Entertainment Private Limited (MEPL), has announced plans for two large-scale development initiatives in Oman. These initiatives are aligned with Oman Vision 2040 and the Comprehensive Economic Partnership Agreement (CEPA), and aim to strengthen education infrastructure, expand tourism, and support economic diversification in the Sultanate. The partnership between FIRAS BIN FATIK SPC and MAADFAM Entertainment Private Limited is a significant step towards achieving Oman’s long-term development ambitions and bilateral economic cooperation.
The First Initiative: Student Accommodation and Campus Living
The first initiative proposes the development of an integrated student accommodation and campus living district, spanning approximately 400 acres. The development will be designed in accordance with international standards and will include student residences, faculty and staff housing, clubhouses, commercial areas, and food and beverage facilities. This project is intended to enhance the quality of student life, strengthen institutional infrastructure, and contribute to a knowledge-based economy in line with Oman Vision 2040’s human capital and education priorities. By providing world-class facilities and amenities, the project aims to attract top talent from around the world and establish Oman as a hub for education and research.
The Second Initiative: Integrated Interactive Zone
The second initiative envisages a large-scale integrated interactive zone, spread across approximately 300 acres, with MAADFAM Entertainment Private Limited acting as the construction and execution partner. The proposed destination will feature flying and motion theatres, e-sports arenas, creative spaces for students, and family-oriented leisure facilities. It is also envisaged as a multi-use venue capable of supporting film, television, and digital content production, positioning it as a potential location for domestic and international shoots. This project is designed to support tourism growth, promote youth engagement, stimulate the creative economy, and attract foreign investment, aligned with Oman Vision 2040 and CEPA objectives.
Partnership and Commitment
Commenting on the announcement, Suchit Mukherjee, Founder, MAADFAM Entertainment, said, "MAADFAM has built expertise in designing and delivering immersive entertainment experiences, including theme parks and large-scale, technology-led attractions. This partnership enables us to create destinations that are globally competitive while remaining locally relevant, supported by Oman Vision 2040 and the momentum created through CEPA." Karem Shaik, Co-founder and Director, FIRAS BIN FATIK SPC, added, "This collaboration reflects our shared ambition to support Oman’s national priorities by developing integrated assets that strengthen education, tourism and community living. These initiatives are designed to contribute meaningfully to economic diversification, job creation and the broader development agenda of the Sultanate." The partnership between FIRAS BIN FATIK SPC and MAADFAM Entertainment Private Limited demonstrates a shared commitment to delivering future-ready infrastructure that integrates education, entertainment, and community living.
Conclusion and Future Prospects
The two initiatives announced by FIRAS BIN FATIK SPC and MAADFAM Entertainment Private Limited are a significant step towards achieving Oman’s long-term development ambitions and bilateral economic cooperation. By strengthening education infrastructure, expanding tourism, and supporting economic diversification, these projects are expected to have a positive impact on the Sultanate’s economy and society. As Oman continues to diversify its economy and develop its infrastructure, partnerships like this one will play a crucial role in driving growth and development. With their combined expertise and resources, FIRAS BIN FATIK SPC and MAADFAM Entertainment Private Limited are well-positioned to deliver these ambitious projects and contribute to Oman’s future prosperity.
