Post by : Mariam
Al-Faris
His Highness Sayyid Theyazin bin Haitham Al Said, Minister of Culture, Sports and Youth, led the foundation-stone ceremony for two major urban developments in Oman—the Yamal and Jood projects. These projects, developed by Talaat Moustafa Group (TMG), represent a combined investment of RO 1.7 billion and were launched at Sultan Haitham City and the coastal area of Al Manuma. The event was attended by high-ranking officials and leaders from different national sectors.
These two developments align with Oman Vision 2040, which focuses on economic diversification, empowering the private sector, and increasing investment opportunities. The projects highlight Oman’s commitment to creating modern urban communities that provide high quality of life and long-term sustainable growth.
The Jood project will cover 2.7 million square meters and aims to become a smart, green and fully integrated community. It will offer more than 7,000 residential units, along with schools, health centers, shopping areas, parks, and sports clubs. The first phase includes 600 units, now available for sale. The name “Jood” reflects traditional Omani values of generosity and community spirit. The project is designed to combine modern living with natural surroundings, promoting a balanced lifestyle.
The Yamal project will span 2.2 million square meters and feature a long 1,760-meter waterfront along the Sea of Oman. It will include a marina, luxury hotels, marine activities, and more than 6,000 housing and hospitality units. The first phase offers 700 units. Yamal is inspired by Oman’s deep connection with the sea and aims to create a modern coastal lifestyle that celebrates discovery and openness.
Both projects support the goals of the National Urban Strategy, which guides Oman’s future city planning. They also highlight the growing strength of Oman’s investment environment. The entry of leading global developers shows strong confidence in Oman’s market, supported by a stable regulatory system and clear development plans.
Oman has also recorded strong growth in foreign direct investment (FDI) and continues improving the ease of doing business. Faster company registration, reduced procedures, and a more transparent legal system have increased investor interest. The real estate sector is performing well, with higher transaction values and rising investor confidence.
These landmark projects will create modern communities, support economic growth, and provide new opportunities for future generations. They mark an important step in Oman’s long-term vision for sustainable development and global competitiveness.
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