Economy
HH Sayyid Bilarab Bin Haitham Presides Over Official Unveiling of Al Yazan ITC in Wilayat Muttrah
His Highness Sayyid Bilarab bin Haitham Al Said, Minister of State and Governor of Muscat, presided over the official unveiling of Al Yazan, an integrated tourism complex on the Port Sultan Qaboos Waterfont in Muttrah.
Developed in partnership by OMRAN Group and VA Group, the project will comprise approximately 1,500 residential units across a site of 18.5 hectares.

His Highness was briefed on the project’s design, which draws on Muttrah’s architectural heritage and distinctive setting between the mountains and the sea. Conceived as a contemporary extension of the area’s character, the development will feature residential buildings arranged in terraces descending toward the waterfront, complemented by landscaped green spaces and coastal views.

Its residential component will span approximately 180,000 square meters and be delivered in three phases.
Beyond its residential offering, Al Yazan will include public spaces and community facilities, including a waterfront promenade extending more than 400 meters and a pedestrian street lined with shops, restaurants and cafés.
The development will provide approximately 25,000 square meters of retail space, alongside 30,000 square meters of landscaped grounds, and a crescent-shaped plaza featuring an open-air amphitheater. Upscale dining venues, multipurpose sports facilities and dedicated children’s play areas will serve residents and visitors alike.

Commenting on the project, Eng. Ayad bin Ali Al Balushi, CEO of OMRAN Group, said: “The official unveiling of Al Yazan marks an important step in the continued development of the Sultan Qaboos Port waterfront in Muttrah. By introducing residential spaces alongside tourism and leisure offerings, the project will strengthen the area’s appeal as an integrated destination.

“It also reflects our strategic focus on working with private-sector partners to attract high-quality investment, enhance the economic and social value of developments, and create sustainable opportunities that support the growth of the tourism sector and its contribution to national development.”
Roman Kapinos, Managing Partner of VA Group, said: “We see considerable long-term potential in Oman, supported by the country’s continued development and ambitions for the future. When entering a new market, we look beyond the immediate investment opportunity. We consider its stability, its connections to the wider world, its identity and its aspirations.

“We have found these qualities in Oman, and Oman Vision 2040 gives us confidence in the country’s direction and motivates us to contribute to its future. Al Yazan represents the first step in our long-term commitment to Oman and the partnerships we hope to build here. It also reflects what we aspire to achieve through our future projects.”
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