RIYADH: The Omani government is in negotiations with Saudi real estate developers to invest in the Sultanate’s housing and property projects, according to Oman’s Minister of Housing and Urban Planning Khalfan Al-Shuaili.
Speaking to Al-Eqtisadiah on the sidelines of Cityscape Global 2025, the minister said agreements are expected to be signed in May 2026, adding that the ministry is seeking to attract Saudi developers due to their expertise and strong track record in implementing housing and tourism projects.
The four-day exhibition opened in Riyadh on Nov. 17, bringing together leading developers and real estate executives from around the world. The event is expected to host more than 170,000 visitors, 550 exhibitors, and 470 international speakers.
Al-Shuaili noted that Oman is also looking to attract real estate developers from other international markets. The Sultanate has announced several residential and tourism projects in regional areas, including Al-Jabal Al-Aali.
Cityscape drives urban innovation
This year’s edition features participation from key founding partners, including NHC, Diriyah Co., ROSHN Group, New Murabba, Qiddiya, and Rua Al-Haram Al-Makki, with NEOM serving as the principal partner.
Saudi Telecom Co. serves as the digital enabler, highlighting the scope of partnerships and the exhibition’s capacity to unite the Kingdom’s real estate leaders on a single platform.
The event’s activities are organized across five main platforms: the Future of Urban Life Summit, the Design and Architecture platform, the Innovation Platform, the Investors Program, and the “Estad” platform — Arabic for “Stadium”— which focuses on the future of sports facilities and event management. Each platform is designed to host global leaders in real estate and urban development.
Cityscape Global continues to cement its position as the world’s most attended real estate exhibition. Its 2024 edition recorded deals exceeding $5.3 billion, participation from over 120 countries, and strategic agreements that reinforced Saudi Arabia’s presence on the global urban development map.
