Real Estate Development & Advisory
RIC Trading Group operates in the real estate sector through its subsidiary Almasakin International, a property development and advisory company established in 2015 and based in Oman.
Almasakin International specializes in the development of residential and commercial real estate projects, with a strong focus on low- and medium-budget segments. By combining practical design, cost-efficient planning, and market-oriented development strategies, the company delivers projects that balance affordability, functionality, and long-term value.
Over the years, Almasakin International has successfully delivered several landmark developments, including:
- Palm Tower One – 44 residential apartments and 9 retail units
- Palm Tower Two – 55 residential apartments and 12 retail units
- Palm Tower Three – 66 residential apartments and 13 retail units
These projects demonstrate the company’s capability to manage the full real estate development cycle, from feasibility studies and design coordination to construction supervision and commercial planning.
In addition to direct project development, Almasakin International provides real estate consulting and advisory services, supporting investors, landowners, and development partners in project evaluation, structuring, and market positioning.
The company is actively engaged in joint venture and partnership-based developments, where collaboration may take multiple forms, including capital participation as well as contribution through the supply of building materials such as façade stone, ceramic tiles, and other construction materials provided through RIC Trading Group. This integrated model allows partners to optimize project costs, ensure material quality, and streamline execution timelines.
With a forward-looking strategy, Almasakin International is expanding into luxury residential developments and upscale buildings, aiming to serve a broader customer base while maintaining a strong focus on quality, efficiency, and sustainable growth.
Through Almasakin International, RIC Trading Group delivers integrated real estate solutions that combine development expertise, strategic advisory services, and material-backed partnership models within the Omani real estate market.