HH
Sayyid Bilarb Graces Opening of Oman Real Estate Conference, and Design &
Construction Week

Muscat,
19 May (ONA) — HH Sayyid Bilarab bin Haitham Al Said graces today the opening
of the 20th edition of the Oman Real Estate Conference, Exhibition, and Design
& Construction Week at the Oman Convention and Exhibition Center.

The
event witnessed broad participation from major local and international real
estate investors and developers, along with a number of experts and consultants
in urban development, real estate, and construction.

During
the inauguration, HH Sayyid Bilarab launched the “A’Thuraya” smart
urban city project in the Wilayat of Bausher and the High Mountain project in
Al Jabal Al Akhdhar as a global mountain destination.

A’Thuraya
represents a futuristic model for sustainable living and urban integration,
spanning three development phases. The first phase covers an area exceeding 3
million square meters, aiming to accommodate over 8,000 residents through 2,600
housing units across eight integrated residential neighborhoods.

Meanwhile,
the High Mountain project, designed along a 5.4-kilometer mountain ridge
spanning 11.8 square kilometers, will host around 10,000 residents with
innovative and diverse housing units across three main villages.

The
ceremony also saw the signing of nine partnership and development agreements
with a total investment value exceeding RO 2.3 billion. These agreements
include high-quality developmental projects in Sultan Haitham City and
A’Thuraya City, further enhancing Oman’s urban growth map and opening new
investment horizons in the real estate sector.

Among
the signed agreements were two investment and development partnerships worth
over RO 1.7 billion, covering an area exceeding 4.8 million square meters.
These include the development of Neighborhoods 7, 8, 9, 11, 12A, and 12B in
Sultan Haitham City, spanning over 2.6 million square meters. The projects will
feature diverse residential units, including villas, apartments, and mixed-use
buildings, alongside integrated facilities such as mosques, parks, and green
spaces, as well as a social and sports club.

A
second agreement involves the development of a coastal area in the Wilayat of
A’Seeb for a premium tourism project spanning over 2.2 million square meters,
featuring a tourist hotel, residential zones with connected units, and a
marina.

Additionally,
a key terms agreement was signed for the development of Neighborhoods 6C and 6D
in Sultan Haitham City, with an investment exceeding RO 150 million.

Another
partnership worth over RO 240 million was signed to develop Neighborhood 6, a
key area in the first phase of A’Thuraya City, covering 285,000 square meters
and comprising 1,000 residential units.

For
the High Mountain project, a key terms agreement was signed to develop the
health neighborhood in the Western Village, with an investment of RO 200 million
across 630,000 square meters, featuring 500 residential and hotel units with a
built-up area exceeding 100,000 square meters.

A
tender worth over RO 6 million was awarded for site preparation and leveling
works in Sultan Haitham City (Package 1A), marking a pivotal step in
establishing the city’s infrastructure and enhancing connectivity between its
neighborhoods and vital facilities.

A
partnership agreement worth RO 45 million will be signed to develop the first
4-star hotel façade in Sultan Haitham City at Januaries Residences, featuring
170 hotel rooms, 123 hotel apartments, and 96 residential apartments.

A
usufruct agreement was also signed to establish a precast concrete elements
factory in Barka’s Halban, with an initial investment of RO 2 million.

Tenders
worth a total of RO 13 million were awarded for A’Thuraya City, including site
preparation works exceeding RO 7 million and engineering consultancy for
construction supervision worth over RO 6 million.

On
the sidelines of the conference, 23 cooperation agreements will be signed to
implement infrastructure for the integrated residential neighborhood projects
“Sorouh,” covering water and sewage networks, electricity
distribution, and internet infrastructure across eight projects.

Eight
new investment opportunities will also be unveiled during the event for
developing integrated residential neighborhoods under “Sorouh,”
spanning South Al Batinah, South A’Sharqiyah, Dhofar, Muscat, and A’Dakhiliyah
governorates. These opportunities present a promising gateway for investors
looking to contribute to the real estate sector’s growth, diversifying housing
projects and supporting sustainable economic development.

As
part of efforts to optimize government land use, 43 usufruct contracts worth
over RO 7.3 million will be signed across various sectors, including 11
contracts for food security covering over 881 acres, 11 contracts for SMEs in
the industrial sector spanning over 5,600 square meters, and a contract for a
specialized sports academy exceeding 26,000 square meters, reflecting
diversified investments in key economic and social development sectors.

The
six-day conference, exhibition, and Design & Construction Week—organized by
the Ministry of Housing and Urban Planning in collaboration with the Oman Real
Estate Association and Connect Company—serves as a strategic platform to
showcase real estate projects, highlight investment opportunities, and foster
public-private partnerships amid national efforts to enhance the business
environment and sustainable urban growth.

The
accompanying exhibition offers an interactive experience, allowing attendees to
explore housing options firsthand, including live residential unit models from
Sultan Haitham City, while bringing developers together under one roof.

The
Oman Real Estate Conference and Exhibition features over 40 speakers across 10
interactive sessions covering urban development, real estate investment,
sustainability, and smart urban planning.

Discussions
will include specialized working papers highlighting Oman’s real estate
development experience, promising investment opportunities, incentives, and
growth drivers, alongside global insights on enhancing market resilience amid
economic fluctuations.

An
investment forum will also be held, gathering elite local and international
investors to showcase future city projects and explore real estate
opportunities in Oman, aiming to strengthen private-sector partnerships and
attract quality investments in urban development.

——
Ends/AH