Shumookh Investment and Services Company -- the investment arm of Public Establishment for Industrial Estates ( PEIE ) – inaugurated yesterday the first phase of Al Raha Village in Rusayl Industrial Estate and the Facility Building in Knowledge Oasis Muscat (KOM). Al Raha Village aims at meeting the needs of the operating companies in Rusayl Industrial Estate to offer housing services for their employees. The first phase that has been completed comprises 10 buildings, which are currently home to around 4,000 workers. The total cost of the investment in the project is estimated at OMR54 million, while the cost of the first phase is estimated at OMR11.5 million. Musallam al Hudaifi, General Manager of Shumookh Investment and Services, said that Shumookh is developing various projects which more than OMR100 million including the residential areas in Rusayl Industrial Estate , Knowledge Oasis Muscat, Nizwa Industrial Estate, Sohar Industrial Estate, Al Buraimi Industrial Estate and Sumail Industrial Estate. (Oman observer)