FIRAS BIN FATIK SPC and MAADFAM Entertainment Unite for Economic Growth Initiatives in Oman

In a significant move aimed at enhancing Oman's economic landscape, FIRAS BIN FATIK SPC is partnering with MAADFAM Entertainment Private Limited (MEPL) to develop two major projects that resonate with the aspirations of Oman Vision 2040 and the Comprehensive Economic Partnership Agreement (CEPA). These initiatives are set to significantly impact the local education and tourism sectors, crucial for the Sultanate's ongoing diversification efforts.

Project Details


The first venture involves the creation of an integrated student accommodation and campus living district, which will utilize approximately 400 acres. This ambitious plan aims to nurture the academic ecosystem by providing modern student residences, faculty housing, and various amenities like clubhouses and dining establishments. The facility is designed to meet international standards and enhance the overall student experience, thereby contributing to a knowledge-based economy that aligns with Oman Vision 2040’s prioritization of human capital and education.

In addition to the educational initiative, the partnership envisions a sprawling 300-acre interactive zone intended for entertainment and family activities. Developed primarily by MAADFAM, this destination will offer innovative attractions such as flying and motion theatres, e-sports arenas, and creative spaces tailored for budding talents. Furthermore, this versatile venue will support film and television productions, potentially transforming it into a hotspot for both local and international media projects. The zone is anticipated to not only stimulate tourism but also engage young people and invigorate the creative economy, thereby attracting foreign investments in line with the visions set by Oman Vision 2040 and CEPA.

Stakeholder Sentiments


Suchit Mukherjee, the Founder of MAADFAM Entertainment, expressed optimism about the partnership: "With our expertise in crafting immersive experiences, we are excited to establish globally competitive destinations that resonate with local significance. This collaboration embodies our commitment to advancing Oman’s broader economic goals under Vision 2040 and CEPA."

Echoing this sentiment, Karem Shaik, Co-founder and Director of FIRAS BIN FATIK SPC, highlighted the collaboration's alignment with national priorities: "Our joint effort aims to complement Oman's ambitions by integrating education, tourism, and community development. These projects are crafted to contribute significantly to economic diversification and create new job opportunities for the Sultanate."

Commitment to Future-Ready Infrastructure


The joint undertakings reflect a shared dedication to foster future-ready infrastructure that synergizes education, entertainment, and community living. As Oman strives to reposition its economy, these projects are pivotal in ensuring sustainable development while catering to the evolving needs of its populace.

The partnership not only marks a pivotal moment for the stakeholders involved but signals a broader commitment to enhancing the societal fabric and fortifying economic resilience within Oman. By marrying educational advancements with innovative entertainment, FIRAS BIN FATIK SPC and MAADFAM Entertainment are poised to leave a lasting footprint on the Sultanate’s landscape, shaping a vibrant future that resonates with the aspirations of its communities.

In conclusion, the strategic alliance between FIRAS BIN FATIK SPC and MAADFAM Entertainment heralds a new era for Oman’s growth ambitions, positioned firmly within the frameworks of Vision 2040 and CEPA. These initiatives represent a fusion of aspirations aimed at unlocking Oman's potential in education and tourism, thereby reinforcing its dedication to sustainable development and economic diversification.

Topics General Business)

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