RO 495 Million in Real Estate Deals Signed in Oman: Key Insights for Investors and Business Owners
مسقط: On Sunday, more than RO 495 million in agreements, project awards, and investment partnerships were unveiled at the opening of the 21st Oman Real Estate, Design & Construction Exhibition and Conference 2026. This event, taking place over four days at the Oman Convention and Exhibition Centre, highlights the accelerating urban development and growing investor confidence in Oman’s real estate sector.
Organized by the Ministry of Housing and Urban Planning in collaboration with the Oman Real Estate Association and Connect, the exhibition has attracted a diverse range of local and international participants, including developers, contractors, consultants, investors, and experts in urban planning. The opening ceremony was held under the patronage of Sultan bin Salim al Habsi, Minister of Finance.
A noteworthy moment during the opening day included the signing of a strategic partnership agreement between the Ministry of Housing and Urban Planning and Saudi-based Retal Urban Development. This agreement focuses on the development of residential neighborhoods 3, 15, and 17 in Sultan Haitham City, covering over 640,000 square meters and involving investments exceeding RO 320 million. It signifies a rising interest from regional investors in Oman’s urban developments and integrated communities.
Additionally, the conference saw several infrastructure contracts linked to Sultan Haitham City awarded. Al Tasnim Group received the first package for site preparation and leveling works in the residential neighborhoods and eastern boulevard, valued at RO 6.8 million. Strabag Oman was awarded the twelfth package, which exceeds RO 40 million, to construct external roads, bridges, underpasses, and utility infrastructure extending from the Muscat Expressway to Sultan Haitham City. Landscaping and pedestrian walkway works under package 9A were granted to GDC for a value of over RO 3 million.
In Al Thuraya City, a consultancy services tender worth more than RO 3 million was signed with Al Khatib & Alami to oversee construction works and enhance technical governance standards for developers.
Another significant development was the signing of a memorandum of understanding with Turkish developer Artas Holding for the Al Khuwair Central project, envisioned as a modern urban and economic hub in Muscat, integrating commercial, residential, and lifestyle elements.
The conference also featured five agreements under the “Sorouh” initiative to develop integrated neighborhoods across Muscat, Al Dakhiliyah, Al Batinah South, and both North and South Al Sharqiyah governorates. These agreements, with a cumulative investment of over RO 123 million, aim to deliver 2,167 housing units, fostering sustainable and diversified urban communities.
Highlights of specific projects include a RO 62 million residential neighborhood by Al Masa Real Estate in Al Amerat, featuring 1,006 housing units across more than 300,000 square meters. Ejaad Engineering Consulting will develop a RO 16 million integrated neighborhood in Al Hamra, comprising 322 units, while Al Siraj Holdings is set to undertake a RO 15 million project in Jaalan Bani Bu Hassan with 312 units. Additional agreements feature developments in Wadi Bani Khalid and Al Musannah.
On the investment front, six new opportunities for integrated neighborhoods and housing schemes across various governorates were announced, covering a total area of over 1.4 million square meters. These initiatives aim to encourage increased private sector participation in urban expansion.
The opening ceremony also included a social housing cooperation agreement between the Ministry of Housing and Urban Planning and Dar Al Atta Association to support housing projects for eligible families across different governorates.
The conference consists of over 50 dialogue sessions and presentations from more than 95 local and international speakers discussing topics such as real estate investment, urban planning, smart cities, construction technologies, sustainability, and digital transformation. The accompanying exhibition showcases major housing developments, construction technologies, architectural designs, and investment opportunities, offering insights into the latest trends in Oman’s real estate and urban development sectors.
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The recent agreements and investments worth over RO 495 million at the Oman Real Estate, Design & Construction Exhibition signal a robust upward trend in توسعه شهری and investor confidence in Oman. Businesses should seize this opportunity to engage in the burgeoning real estate sector, while investors must assess the emerging projects for potential partnerships and strategic involvement in urban expansion. With the focus on sustainability and smart city initiatives, leveraging technology in development will be crucial for long-term success.
