Latest news with #OmanRealEstate
Zawya
21-05-2025
- Business
- Zawya
Oman boosts food security, industry, with new land deals
Muscat: As part of the ongoing efforts to promote investment and optimise the use of government land, the second day of the 20th edition of the Oman Real Estate Conference and Exhibition witnessed the signing of 46 usufruct contracts worth over RO 9 million. These agreements cover a variety of sectors that support the national economy. The agreements were signed by Eng Hamad bin Ali al Nazwani, Under-Secretary of the Ministry of Housing and Urban Planning for Housing, in the presence of several representatives from relevant entities and investment partners. Among the agreements, 33 contracts were in the food security sector, covering an area exceeding 1,325 acres, and 12 contracts were allocated to small and medium-sized enterprises in the industrial sector, spanning over 10,000 square metres. Additionally, a contract was signed to establish a specialised sports academy on an area exceeding 26,000 square metres, reflecting support for sports infrastructure and youth sector investment. YOUTH FORUM On Tuesday, A Youth Forum was organised with the participation of a group of young Omani professionals who played a significant role in shaping and implementing the National Urban Development Strategy projects. The forum provided an opportunity to highlight achievements in recent years and reaffirm the importance of empowering youth and involving them in planning future cities in ways that reflect the aspirations of the new generation and ensure sustainable development across all governorates. During the event, the ministry honoured the three winning teams from the Housing Design Innovation Lab for their effective contributions in developing innovative housing designs that meet sustainability standards and reflect a deep understanding of Oman's geographic diversity. The lab is one of the ministry's initiatives aimed at strengthening collaboration between the government and academic institutions by involving university and college students specialising in architecture and civil engineering. The goal is to develop advanced design solutions for social housing projects tailored to coastal, mountainous and desert environments, integrating artificial intelligence concepts into urban planning and analysis processes. A total of 28 architecture students from the University of Nizwa and the University of Technology and Applied Sciences in Muscat took part in the lab. They were divided into 14 teams and worked on creating advanced housing models that address environmental and financial sustainability challenges while meeting the needs of modern lifestyles. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Two new projects announced in Oman
Muscat: The Oman Real Estate Conference and Exhibition and Design & Build Week began under the patronage of His Highness Sayyid Belarab bin Haitham bin Tarik at the Oman Convention and Exhibition Center, during which two projects were announced - A'Thuraya City and the Al Jabal Al Aali Project. Al Thuraya City was launched in the Wilayat of Bawshar as a smart city, and the first phase includes more than 2,600 housing units distributed across eight integrated neighborhoods, accommodating more than 8,000 people. The city was designed according to quality of life standards and smart urban planning, adopting low-carbon environmental solutions. At an altitude of 2,400 meters above sea level, the Al Jabal Al Aali Project was launched as a unique global mountain destination. It spans an area of 11.8 square kilometers and includes three main villages accommodating more than 10,000 people. The project combines luxury, a connection to nature, and a diverse cultural and living experience. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Oman: Real estate conference opens with $5.9bln deals
Muscat: Under the auspices of HH Sayyid Bilarab bin Haitham al Said, Honorary President of the 'Programme of Promising Omani Startups', the 20th edition of the Oman Real Estate Conference and Exhibition officially kicked off on Monday. The event is taking place until May 24 at the Oman Convention and Exhibition Centre, organised by the Ministry of Housing and Urban Planning in cooperation with the Oman Real Estate Association and Connect Company. The national platform brings together local and international investors, real estate developers, and experts to showcase major projects, highlight promising investment opportunities, and build effective partnerships between the public and private sectors in line with Oman's efforts to enhance the business environment and support sustainable urban growth while the accompanying exhibition offers potential buyers the chance to explore a diverse range of residential units and real estate projects presented by leading developers. On the opening day, two major projects were unveiled, marking significant additions to Oman's urban development landscape. The first project is the launch of Al Thuraya City in the Wilayat of Baushar as a smart city, and the first phase includes more than 2,600 housing units distributed across eight integrated neighbourhoods, accommodating more than 8,000 people. At an altitude of 2,400 metres above sea level, the Al Jabal Al Aali Project was launched as a unique global mountain destination. It spans an area of 11.8 square kilometres and includes three main villages accommodating more than 10,000 people. As part of the conference's opening, nine partnership and development agreements worth over RO2.3 billion were signed. These include major development projects in Sultan Haitham City and Al Thuraya City, expanding Oman's urban growth map and opening new horizons for real estate investment. KEY AGREEMENTS Two major real estate and tourism development agreements were signed with Talaat Moustafa Group worth over RO1.7 billion to develop districts (7), (8), (9), (11), (12A), and (12B) in Sultan Haitham City on more than 2.6 million square metres. The project includes various residential units such as villas, apartments, and mixed-use buildings, alongside integrated services including mosques, parks, green spaces and a social and sports club. A tourism project in Al Seeb covering over 2.2 million square metres, featuring a hotel, residential areas with waterfront views, artificial lakes and a marina, adding significant value to Oman's tourism sector. A development agreement worth over RO 150 million with Idraak Real Estate Development Company to develop districts (6C) and (6D) in Sultan Haitham City, in addition to awarding a site preparation tender for Package (1A) worth over RO 6 million. A new hotel project in collaboration with the global LUX Collection brand, valued at RO 45 million, to develop the first 4-star hotel complex in Sultan Haitham City's January Residences. An usufruct agreement worth RO 2 million was signed with Al Siyabi Group to establish a precast concrete factory in Halban, Barka. This project is expected to reduce construction time by 40 per cent compared to traditional methods and support local employment. An agreement worth over RO 240 million was signed to develop District (6) in Al Thuraya City, covering 285,000 square metres and including 1,000 residential units. Two tenders worth RO 13 million were also awarded for site preparation and engineering consultancy services. Additionally, an international competition was announced for the design of the city's third phase, aimed at making it a hub for adventure and mountain sports. An agreement worth RO 200 million was signed to develop the Health District in the western village, covering 630,000 square metres and offering 500 residential and hotel units, reinforcing Al Jabal Al Aali position as a destination for health and eco-tourism. On the sidelines of the conference, 23 agreements were signed with service providers to implement infrastructure for eight projects under the 'Sorouh' initiative, covering water, electricity, and telecom networks. Eight new investment opportunities were announced in Al Batinah South, Al Sharqiyah South, Dhofar, Muscat and Al Dakhiliya 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Times of Oman
19-05-2025
- Business
- Times of Oman
Sayyid Bilarb graces opening of Oman Real Estate Conference, and Design & Construction Week
Muscat: HH Sayyid Bilarab bin Haitham Al Said graces today the opening of the 20th edition of the Oman Real Estate Conference, Exhibition, and Design & Construction Week at the Oman Convention and Exhibition Center. The event witnessed broad participation from major local and international real estate investors and developers, along with a number of experts and consultants in urban development, real estate, and construction. During the inauguration, HH Sayyid Bilarab launched the "A'Thuraya" smart urban city project in the Wilayat of Bausher and the High Mountain project in Al Jabal Al Akhdhar as a global mountain destination. A'Thuraya represents a futuristic model for sustainable living and urban integration, spanning three development phases. The first phase covers an area exceeding 3 million square meters, aiming to accommodate over 8,000 residents through 2,600 housing units across eight integrated residential neighborhoods. Meanwhile, the High Mountain project, designed along a 5.4-kilometre mountain ridge spanning 11.8 square kilometers, will host around 10,000 residents with innovative and diverse housing units across three main villages. The ceremony also saw the signing of nine partnership and development agreements with a total investment value exceeding RO 2.3 billion. These agreements include high-quality developmental projects in Sultan Haitham City and A'Thuraya City, further enhancing Oman's urban growth map and opening new investment horizons in the real estate sector. Among the signed agreements were two investment and development partnerships worth over RO 1.7 billion, covering an area exceeding 4.8 million square meters. These include the development of Neighborhoods 7, 8, 9, 11, 12A, and 12B in Sultan Haitham City, spanning over 2.6 million square meters. The projects will feature diverse residential units, including villas, apartments, and mixed-use buildings, alongside integrated facilities such as mosques, parks, and green spaces, as well as a social and sports club. A second agreement involves the development of a coastal area in the Wilayat of A'Seeb for a premium tourism project spanning over 2.2 million square meters, featuring a tourist hotel, residential zones with connected units, and a marina. Additionally, a key terms agreement was signed for the development of Neighborhoods 6C and 6D in Sultan Haitham City, with an investment exceeding OMR150 million. Another partnership worth over OMR240 million was signed to develop Neighborhood 6, a key area in the first phase of A'Thuraya City, covering 285,000 square meters and comprising 1,000 residential units. For the High Mountain project, a key terms agreement was signed to develop the health neighborhood in the Western Village, with an investment of OMR200 million across 630,000 square meters, featuring 500 residential and hotel units with a built-up area exceeding 100,000 square meters. A tender worth over OMR6 million was awarded for site preparation and leveling works in Sultan Haitham City (Package 1A), marking a pivotal step in establishing the city's infrastructure and enhancing connectivity between its neighborhoods and vital facilities. A partnership agreement worth OMR45 million will be signed to develop the first 4-star hotel façade in Sultan Haitham City at Januaries Residences, featuring 170 hotel rooms, 123 hotel apartments, and 96 residential apartments. A usufruct agreement was also signed to establish a precast concrete elements factory in Barka's Halban, with an initial investment of OMR2 million. Tenders worth a total of OMR13 million were awarded for A'Thuraya City, including site preparation works exceeding OMR7 million and engineering consultancy for construction supervision worth over RO 6 million. On the sidelines of the conference, 23 cooperation agreements will be signed to implement infrastructure for the integrated residential neighborhood projects "Sorouh," covering water and sewage networks, electricity distribution, and internet infrastructure across eight projects. Eight new investment opportunities will also be unveiled during the event for developing integrated residential neighborhoods under "Sorouh," spanning South Al Batinah, South A'Sharqiyah, Dhofar, Muscat, and A'Dakhiliyah governorates. These opportunities present a promising gateway for investors looking to contribute to the real estate sector's growth, diversifying housing projects and supporting sustainable economic development. As part of efforts to optimize government land use, 43 usufruct contracts worth over RO 7.3 million will be signed across various sectors, including 11 contracts for food security covering over 881 acres, 11 contracts for SMEs in the industrial sector spanning over 5,600 square meters, and a contract for a specialized sports academy exceeding 26,000 square meters, reflecting diversified investments in key economic and social development sectors. The six-day conference, exhibition, and Design & Construction Week—organized by the Ministry of Housing and Urban Planning in collaboration with the Oman Real Estate Association and Connect Company—serves as a strategic platform to showcase real estate projects, highlight investment opportunities, and foster public-private partnerships amid national efforts to enhance the business environment and sustainable urban growth. The accompanying exhibition offers an interactive experience, allowing attendees to explore housing options firsthand, including live residential unit models from Sultan Haitham City, while bringing developers together under one roof. The Oman Real Estate Conference and Exhibition features over 40 speakers across 10 interactive sessions covering urban development, real estate investment, sustainability, and smart urban planning. Discussions will include specialized working papers highlighting Oman's real estate development experience, promising investment opportunities, incentives, and growth drivers, alongside global insights on enhancing market resilience amid economic fluctuations. An investment forum will also be held, gathering elite local and international investors to showcase future city projects and explore real estate opportunities in Oman, aiming to strengthen private-sector partnerships and attract quality investments in urban development.
Zawya
13-05-2025
- Business
- Zawya
Oman: Real estate conference a key platform for developers, investors
Muscat: The Sultanate of Oman is all set to launch the 20th edition of the Oman Real Estate Conference and Exhibition next week, coinciding with Design and Build Week, scheduled to take place from May 19 to 24 at the Oman Convention and Exhibition Centre. The event is organised by the Ministry of Housing and Urban Planning in collaboration with the Oman Real Estate Association. The conference serves as a key strategic platform that attracts elite developers, investors, and both local and international experts, as Oman continues its efforts to strengthen its regional position as a leading hub for sustainable urban investment. Speaking at the media briefing on Monday, Jamal al Hadi, Media Adviser to the Minister of Housing and Urban Planning, confirmed that the conference aligns with national priorities aimed at achieving integrated urban development and enhancing Oman's global presence as an attractive investment destination. He highlighted that the "Invest in Oman" identity and global promotional initiatives are in line with these efforts to strengthen Oman's image in regional and international markets. Al Hadi explained that the real estate sector is now a fundamental pillar in supporting the Gross Domestic Product (GDP) and enhancing the national economy. He noted that the conference brings together all stakeholders in the real estate ecosystem under one roof including investors, developers, individual beneficiaries and financial institutions led by Oman Housing Bank, which provides integrated financing solutions. Real estate conference a key platform for developers, investors FUTURE CITIES The conference reflects the government's direction towards developing smart cities and sustainable urban communities, with the announcement of landmark projects that mark a qualitative leap in the urban investment landscape, including the Sultan Haitham City, the Future City of Salalah and Al Khuwair Downtown project. The conference will witness the signing of new agreements under the 'Sorouh' initiative, one of the leading programmes aimed at providing integrated residential options that meet the aspirations of citizens. The initiative includes 18 projects distributed across 10 governorates, with over 90 per cent of the first phase already sold. Al Hadi pointed out that the ministry aims to reach 60 residential projects by 2030, as part of an ambitious vision to cover various wilayats of the Sultanate of Oman. He explained that these projects have contributed to creating hundreds of jobs and supporting small and medium enterprises, while achieving more than a 45-per cent reduction in infrastructure costs through integrated planning and optimised urban density. Real estate conference a key platform for developers, investors OVER 40 SPEAKERS, 180 EXHIBITORS The conference will host more than 40 international speakers participating in 10 discussion panels addressing global trends in urban planning, real estate investment and smart cities. The event will also feature 180 exhibition booths covering an area of over 13,000 square metres. The accompanying exhibition offers a comprehensive platform to showcase the Ministry of Housing and Urban Planning's major projects, including the Sultan Haitham City, the Oman Mountain Destination and Al Khuwair Downtown project. The conference programme is rich with diverse activities and interactive sessions, including live presentations of future urban projects, specialised workshops on design and urban planning, as well as an investment forum, a youth forum, and a series of panel discussions that highlight challenges and showcase solutions, best practices, and international expertise in urban development and real estate investment. The conference will also address the adoption of smart and sustainable city models that focus on multi-resource development, improving quality of life, and enabling digital transformation and property technology (PropTech) by leveraging the latest technologies in planning, management and marketing. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
