Muscat – The Oman Real Estate Conference and Exhibition held  alongside Design and Build Week kicked off on Monday under the patronage of H H Sayyid Bilarab bin Haitham al Said.

A highlight of the opening day was the signing of nine strategic partnership and development agreements worth over RO2.3bn.

During the opening ceremony, H H Sayyid Bilarab inaugurated two flagship projects – Al Thuraya City in Bausher, envisioned as a smart urban hub, and Al Jabal al Aali in Jabal Akhdar, designed as a global mountain tourism destination.

Valued at RO 1.2bn, the Al Jabal al Aali project marks a major milestone in real estate and tourism investment in Jabal Akhdar. A partnership agreement was also signed for development of a health district within the project’s Western Village with an investment of RO200mn. Covering 630,000sqm, the district will feature 500 residential and hotel units with total built-up area exceeding 100,000sqm reinforcing the project’s positioning as an integrated health and ecotourism destination.

Set 2,400m above sea level on the Hajar mountains, the 11.8sqkm Al Jabal Al Aali project boasts temperate climate, stunning vistas, and rich ecological diversity. It will offer over 2,500 residential units across three neighbourhoods and is expected to accommodate 10,000 residents. The project will include more than 2,000 hotel rooms and facilities capable of hosting up to 30,000 visitors during major events.

Meanwhile, Al Thuraya City will be developed in three phases. Phase 1 spans more than 3mn sqm with total built-up area exceeding 831,000sqm. It will house over 8,000 people in 2,600 residential units across eight integrated neighbourhoods, featuring retail outlets, a 400-room hotel, schools, clinics, mosques, community centres, parks and sports facilities.

Phase 2 will cover 3.6mn sqm and include 3,600 residential units across three neighbourhoods.

An international design competition will be held as part of Phase 3 aimed at shaping the city’s sustainable urban vision.

A partnership agreement worth over RO240mn was signed at the conference to develop District No 6, a key neighbourhood within Phase 1 of Al Thuraya City in Bausher. Developed by Tathmeer Properties, the district will cover 285,000sqm and feature 1,000 residential units.

Additionally, tenders worth RO13mn were awarded for landscaping, levelling and engineering consultancy works for Phase 1 of Al Thuraya City.

Organised by Ministry of Housing and Urban Planning in collaboration with Oman Real Estate Association and Connect Company, the conference is one of the sultanate’s leading platforms to promote investment opportunities and advance the real estate and construction sectors.