Tuesday, May 12, 2026

Business News

Oman signs 182 usufruct contracts worth over RO 37.8 million at real estate exhibition

The Ministry of Housing and Urban Planning has signed 182 usufruct contracts with a total investment value exceeding RO 37.8 million for development projects across various governorates of the Sultanate of Oman.

TAS News Service

info@thearabianstories.com

Tuesday, May 12, 2026

MUSCAT : The agreements were concluded as part of the activities of the Oman Real Estate, Design and Build Conference.

The ministry said the contracts cover a range of investment projects aimed at supporting economic activity and enhancing urban development across the country.

In addition, 18 implementation agreements were signed for basic infrastructure works in the ‘Sorouh’ residential neighbourhood projects. The agreements were concluded between developers and service providers to improve infrastructure readiness and accelerate urban development in planned residential areas.

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