Oman witnesses the signing of major investments and the opening of vital projects in the real estate sector

The real estate sector in the Sultanate of Oman experienced significant positive momentum yesterday, reflected in the signing of major investment agreements worth more than $7.5 billion in the Duqm Special Economic Zone, in addition to the opening of vital residential and commercial projects, and the signing of strategic investment packages at the national level. These developments reflect growing confidence in the Omani economy and its investment appeal.

Highlights of yesterday

• The Sultanate of Oman signs 10 investment agreements worth $7.5 billion in Duqm.
• Inauguration of the first phase of the "Maysan Square Duqm – Residence" project with investments of 10 million Omani riyals.
• Oman Future Fund signs a new investment package worth 570 million Omani riyals.

Details

Duqm attracts $7.5 billion in major investment agreements

The Public Authority for Special Economic Zones and Free Zones in the Sultanate of Oman signed 10 investment agreements and memoranda of cooperation to establish new projects in the Duqm Special Economic Zone, with a total value of about 2.9 billion Omani riyals (equivalent to $7.5 billion USD). These agreements include vital sectors such as renewable energy, green hydrogen, electricity generation, electric vehicle battery manufacturing, as well as chemical and metal industries, building materials, housing projects, real estate development, and infrastructure supporting the industrial sector. These investments come from Omani, Indian, Chinese, German, Filipino, and Egyptian companies, reflecting wide international interest in Duqm.

Inauguration of the first phase of "Maysan Square Duqm – Residence"

The Duqm Special Economic Zone celebrated the opening of the first phase of the "Maysan Square Duqm – Residence" project, which includes 104 residential units and 130 diverse commercial units, with an investment value estimated at about 10 million Omani riyals. The project has succeeded in attracting investors from 22 countries, confirming Duqm's appeal and its ability to attract foreign capital in the real estate development sector.

Oman Future Fund supports economic growth with investments of 570 million riyals

The Oman Future Fund, affiliated with the Oman Investment Authority, signed a new package of investments and strategic projects with a total value exceeding 570 million Omani riyals. These investments target priority sectors such as renewable energy, industry and technology, healthcare, tourism and adventure, and food security. Through this initiative, the fund aims to boost economic growth and stimulate investment in the Sultanate, positively impacting various sectors, including the real estate sector by supporting infrastructure and development projects.

What does this mean for the investor or buyer?

These developments are strong indicators of the vitality and increasing attractiveness of the Omani real estate market. For investors, the signing of major investment agreements in Duqm confirms the growing confidence in the investment climate of this promising region and opens new horizons for participation in infrastructure, real estate development, and housing projects. The successful inauguration of the "Maysan Square Duqm" project and its attraction of international investors demonstrates real demand for residential and commercial units there and encourages further investments aimed at providing integrated urban communities. Moreover, the large investments by the Oman Future Fund in vital economic sectors contribute to strengthening comprehensive infrastructure and providing job opportunities, which supports population and economic growth in general and positively impacts the stability and value of real estate in the long term. For potential buyers, these projects increase their residential and commercial options, especially in growth areas such as Duqm, with expectations of improved quality of life and services.

Conclusion

These positive news confirm the Sultanate of Oman's commitment to strengthening its economy and diversifying its sources of income, focusing on attracting quality investments in strategic sectors and urban development. These steps highlight the growing role of Duqm as an important economic, logistical, and residential center, heralding a prosperous future for the real estate sector in the Sultanate.

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Edited by: Imtilak Global©