RO 185 Million Investment in Sultan Haitham City: Opportunities and Implications for Businesses in Oman
المسكات عنب طيب الشذا: A significant new development has been unveiled for Sultan Haitham City following a development agreement between the Ministry of Housing and Urban Planning (MoHUP) and Al Adrak Group.
Valued at RO 185 million (approximately $420 million), this project will cover an area of around 460,000 square meters in Neighbourhood 6 (C and D). This initiative represents a notable step forward in the growth of one of Oman’s most ambitious urban projects.
The agreement was officially signed by Dr. Khalfan bin Said al Shueili, Minister of Housing and Urban Planning, and Dr. Thomas Alexander, Chairman of Al Adrak Group.
This development aligns with the Ministry’s strategy to collaborate with prominent private sector developers to create high-quality, sustainable urban communities that support Oman Vision 2040. It is anticipated that the project will both enhance the residential appeal and increase the investment attractiveness of Sultan Haitham City as development advances.
Al Adrak Group brings a wealth of experience in real estate and infrastructure development. Through its subsidiary, Adante Realty, the group is currently working on the Yenaier Residences, a flagship project that is generating considerable market interest.
The signing of this agreement also coincides with the first anniversary of Adante Realty, marking a significant milestone in the company’s growth and its increasing contribution to Oman’s real estate landscape.
This new development solidifies Sultan Haitham City’s status as a future-ready urban hub and underscores the vital role of public-private partnerships in shaping the next generation of cities in Oman.
تحليل خاص من عمانت | تصفح سوق عُمان
The announcement of a RO 185 million development in Sultan Haitham City underscores a pivotal shift toward الشراكات بين القطاعين العام والخاص, enhancing Oman’s residential appeal and making it a more attractive investment hub. This initiative presents فرص للشركات in the real estate sector to engage in high-quality, sustainable projects aligned with رؤية عُمان 2040ينبغي على المستثمرين الأذكياء أن يأخذوا في الاعتبار capitalizing on this growth trajectory, as the demand for urban living spaces continues to rise amidst expanding infrastructure.
