19-05-2025
Several agreements signed at real estate conference, expo
Under the patronage of His Highness Sayyid Bilarab bin Haitham bin Tariq Al Said, the 20th edition of the Oman Real Estate Conference and Exhibition, along with the Design and Build Week, kicked off on Wednesday.
Several major agreements were signed, including two partnership and investment deals worth over RO1.7 billion.
These agreements will lead to the development of projects spanning more than 4.8 million sqm. Talaat Moustafa Group Real Estate, a prominent regional developer, is behind both initiatives.
The first agreement focuses on the development of several neighborhoods in Madinat Sultan Haitham—specifically neighborhoods (7), (8), (9), (11), (12A), and (12B)—covering more than 2.6 million square meters.
The project will feature a range of residential units, such as villas, apartments, and mixed-use buildings, along with fully integrated services including mosques, parks, green spaces, and a social and sports club.
The second agreement involves the development of a coastal area in the Wilayat of Seeb into a distinctive tourism destination across more than 2.2 million square meters.
The project will include a tourist hotel and residential units offering panoramic sea views, all connected by artificial lakes and a marina.
Additionally, a terms agreement was signed for the development of districts (6C) and (6D) in Sultan Haitham City, with an investment exceeding RO150 million, in partnership with Al-Idrak Real Estate Development Company.
Moreover, a site preparation tender for package (1A), valued at RO6 million, was awarded as part of efforts to advance the city's infrastructure readiness.
The event is organized by the Ministry of Housing and Urban Planning, in collaboration with the Oman Real Estate Association and Connect Company.
This event stands as one of the leading real estate platforms in the Sultanate of Oman, attracting wide participation from major local and international investors and real estate developers, alongside a distinguished group of experts and consultants specializing in urban planning, urban development, and real estate investment.
The conference provides a strategic platform to showcase major real estate projects, highlight promising investment opportunities, and foster effective partnerships between the public and private sectors in line with national efforts to enhance the business environment and ensure the sustainability of urban growth.
Additionally, the accompanying exhibition offers ideal opportunities for those seeking to own a home by exploring a wide range of residential units showcased by top developers, and learning more about project details
