Oman Secures RO 762m in Global Real Estate Deals at MIPIM 2026: What This Means for Investors and Business Growth
MUSCAT: Oman concluded its participation at MIPIM 2026 in Cannes with the signing of 17 international investment and development agreements valued at over RO 762 million. These deals underscore strong global confidence in the Sultanate’s urban development initiatives.
Facilitated by the Ministry of Housing and Urban Planning (MoHUP) and various partners at the Omani pavilion, the agreements highlight Oman’s growing prominence on the international real estate stage.
Notably, a memorandum of understanding was signed with Türkiye’s Artas Holding for the Al Khuwair Downtown project, involving investments exceeding RO 150 million. Another agreement with OGCC Global aims to strategically collaborate on the same development, which seeks to transform the area into a modern urban and economic hub in Muscat.
In Sultan Haitham City, Oman partnered with Saudi Arabia’s Retal Development to develop neighbourhoods 3, 15, and 17, covering over 1.39 million square metres with combined investments surpassing RO 320 million.
Jamal bin Nasser al Hadi, Media Adviser to the Minister of Housing and Urban Planning, stated that the agreements reflect increasing international interest in Oman’s urban projects. He emphasized that the Future Cities Programme offers a clear vision and platform for strategic partnerships, boosting investor confidence and promoting sustainable urban growth.
The Al Thuraya City project will benefit from an investment of more than RO 25 million by Vogue Homes Portugal. Additionally, a luxury residential development led by Avant Garde Properties, F&M International, Metrogramma, and The One Atelier is set to attract RO 50 million for premium urban living spaces.
Agricultural sustainability was addressed through a RO 15 million investment by GOC in one million olive trees in Dhofar under a usufruct system. The Ministry also signed agreements for smart urban planning initiatives, including advanced 3D digital modelling to enhance project design and implementation, with investments exceeding RO 408,000.
Healthcare development agreements included a partnership between Al Daham Real Estate and Kubba to establish hospital and stem-cell treatment facilities valued at RO 11.5 million. Another collaboration between Al Abrar Real Estate Group and Vienna Hospital & University will support the operation of Ibn Al Haitham Hospital in Sultan Haitham City, with investments exceeding RO 40 million.
Several agreements focused on architectural consultancy and design collaborations with global firms such as Chapman Taylor Architects, 3DTouch Studio, HAWK & IMPACT Communication, and Atelier Entropic SL. Partnerships with luxury brands including Pagani, Armani, and Elie Saab will contribute to branded residential projects.
Oman’s Greater Structure Plan and Al Khuwair Downtown masterplan were also inducted into the Global Business Districts Innovation Club, becoming the first Middle Eastern members of this prestigious network.
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Oman’s signing of 17 major international agreements worth over RO 762 million at MIPIM 2026 signals robust global confidence in the Sultanate’s urban and economic development visionبرای کسب و کارها، این باعث ایجاد ... میشود. significant opportunities in real estate, healthcare, and smart urban planning sectors, while smart investors should consider the rising trend of strategic international partnerships and sustainable projects, positioning Oman as a key hub for future growth. However, entrepreneurs must remain vigilant about managing execution risks in these large-scale developments to maximize returns.
