Latest news with #OmanRealEstateAssociation
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. (
Muscat Daily
19-05-2025
- Business
- Muscat Daily
Flagship cities unveiled in Jabal Akhdar, Bausher
Muscat – The Oman Real Estate Conference and Exhibition held alongside Design and Build Week kicked off on Monday under the patronage of H H Sayyid Bilarab bin Haitham al Said. A highlight of the opening day was the signing of nine strategic partnership and development agreements worth over RO2.3bn. During the opening ceremony, H H Sayyid Bilarab inaugurated two flagship projects – Al Thuraya City in Bausher, envisioned as a smart urban hub, and Al Jabal al Aali in Jabal Akhdar, designed as a global mountain tourism destination. Valued at RO 1.2bn, the Al Jabal al Aali project marks a major milestone in real estate and tourism investment in Jabal Akhdar. A partnership agreement was also signed for development of a health district within the project's Western Village with an investment of RO200mn. Covering 630,000sqm, the district will feature 500 residential and hotel units with total built-up area exceeding 100,000sqm reinforcing the project's positioning as an integrated health and ecotourism destination. Al Jabal al Aali in Jabal Akhdar Set 2,400m above sea level on the Hajar mountains, the 11.8sqkm Al Jabal Al Aali project boasts temperate climate, stunning vistas, and rich ecological diversity. It will offer over 2,500 residential units across three neighbourhoods and is expected to accommodate 10,000 residents. The project will include more than 2,000 hotel rooms and facilities capable of hosting up to 30,000 visitors during major events. Meanwhile, Al Thuraya City will be developed in three phases. Phase 1 spans more than 3mn sqm with total built-up area exceeding 831,000sqm. It will house over 8,000 people in 2,600 residential units across eight integrated neighbourhoods, featuring retail outlets, a 400-room hotel, schools, clinics, mosques, community centres, parks and sports facilities. Phase 2 will cover 3.6mn sqm and include 3,600 residential units across three neighbourhoods. An international design competition will be held as part of Phase 3 aimed at shaping the city's sustainable urban vision. A partnership agreement worth over RO240mn was signed at the conference to develop District No 6, a key neighbourhood within Phase 1 of Al Thuraya City in Bausher. Developed by Tathmeer Properties, the district will cover 285,000sqm and feature 1,000 residential units. Additionally, tenders worth RO13mn were awarded for landscaping, levelling and engineering consultancy works for Phase 1 of Al Thuraya City. Organised by Ministry of Housing and Urban Planning in collaboration with Oman Real Estate Association and Connect Company, the conference is one of the sultanate's leading platforms to promote investment opportunities and advance the real estate and construction sectors.
Observer
19-05-2025
- Business
- Observer
Real estate conference opens with RO 2.3 bn deals
Muscat, May 19 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
The Star
19-05-2025
- Business
- The Star
Oman real estate expo kicks off in Muscat
MUSCAT, May 19 (Xinhua) -- The 20th Oman Real Estate Conference and Exhibition opened here on Monday at the Oman Convention and Exhibition Center, with a series of major investment agreements signed. Organized by the Ministry of Housing and Urban Planning in cooperation with the Oman Real Estate Association, the event, running through Saturday, brought together over 40 local and international speakers and 180 exhibitors to explore the development of smart and sustainable cities. The opening day witnessed the signing of nine partnership and development agreements with a combined investment value exceeding 2.3 billion Omani rials (approximately 6 billion U.S. dollars), including two deals with Egypt's Talaat Moustafa Group, one of the region's top real estate developers. Under the first agreement, the group will develop parts of Sultan Haitham City on an area spanning 2.6 million square meters. This project aims to create a modern urban hub aligned with Oman Vision 2040, combining residential, commercial, and lifestyle components. The second agreement involves the transformation of coastal land in Al-Seeb province into a tourism destination. The project will cover more than 2.2 million square meters and include residential zones, a luxury hotel, artificial lakes, and a marina. Additionally, the conference introduced two flagship urban projects: A' Thuraya City in Bawshar province, envisioned as a smart and sustainable city, and the Al Jabal Al Aali project for tourism development in the Hajar Mountains. These initiatives are part of Oman's ongoing efforts to support economic diversification through boosting real estate and tourism 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. (
