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Group.","\u003Cp>VA Group, an international real estate developer, has secured long-term land rights in Muttrah for its development project, becoming the first international company to deliver a phase within the Port Sultan Qaboos Waterfront Masterplan. The project is being advanced in close partnership with OMRAN Group.\u003C\u002Fp>\n\u003Cp>Situated within Muscat, Muttrah is one of Oman’s most iconic waterfront destinations and the historical and emotional heart of the Sultanate. For centuries, this ancient harbor district served as the Sultanate’s principal gateway to the world, shaped by maritime trade and cultural dialogue.\u003C\u002Fp>\n\u003Cp>As a part of the Port Sultan Qaboos Waterfront Masterplan, VA Group will deliver its Muttrah Waterfront Development. While full details are not being disclosed at this time, the project is designed as a mixed-use, master-planned destination combining premium residences with world-class public spaces, a signature waterfront promenade, parks, sports and leisure facilities, and carefully curated retail and cultural attractions. The total development site area is around 18.5 hectares, equivalent to approximately 23 football fields.\u003C\u002Fp>\n\u003Cp>Conceived to complement Muttrah’s rich cultural and historical identity, VA Group’s development will contribute to the district’s long-term transformation and revitalization, boosting Oman’s tourism offering and enriching lifestyle experiences along the capital’s waterfront. Muttrah Waterfront Development will represent a rare opportunity to reside where authentic history and modernity intertwine amid ancient fortresses, a vibrant community rhythm, and the unmistakable character of a district that has welcomed the world for generations.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Mohamed Saif Al Shaqsi\u003C\u002Fstrong>, Executive Director for the GCC Region at VA Group Oman, commented: \u003Cem>“To develop in Muttrah, within the Port Sultan Qaboos Waterfront Masterplan, is to carry an extraordinary responsibility and, above all, a privilege. The property here carries not only an address, but also historical weight. We will soon announce the name and details of this unique project, delivering something enduring and worthy of this place and its people.”\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp>As a strategic partner of OMRAN Group, VA Group supports initiatives aligned with Oman Vision 2040. Muttrah Waterfront Development addresses key pillars of the national agenda, including economic diversification and long-term investment attraction through world-class urban planning and sustainable infrastructure design, positioning Oman as a premier tourism destination, and enhancing quality of life by creating integrated communities with vibrant public spaces and cultural environments. Furthermore, VA Group supports Oman’s In-Country Value (ICV) principles, generating significant direct and indirect employment opportunities across the development lifecycle and ensuring lasting benefits for Oman’s economy and society.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>About VA Group\u003C\u002Fstrong>\u003Cbr>\nVA Group is an international real estate developer specializing in world-class business and premium real estate projects. VA Group's strategy is focused on leveraging global capital and expertise to serve the dynamic markets of rapidly growing regions. VA Group's expertise covers the entire development lifecycle: from conceptual design to implementation, tailored to each location's unique values and objectives.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>About Oman Tourism Development Company\u003C\u002Fstrong>\u003Cbr>\nOman Tourism Development Company (OMRAN Group), the Sultanate of Oman's executive arm for tourism development, is committed to creating sustainable and authentic tourism projects, residential communities, and destinations. These initiatives are central to driving economic growth and supporting the diversification of Oman's economy. 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The contract scope includes detailed design solutions for the first phase of the Muttrah Waterfront Development, VA Group’s first project in Oman. The signing ceremony took place during the solemn celebration of F&M Middle East’s 10th anniversary, under the patronage of \u003Cstrong>His Excellency Dr. Khalfan bin Said bin Mubarak Al Shuaili\u003C\u002Fstrong>, Minister of Housing and Urban Planning of the Sultanate of Oman.\u003C\u002Fp>\n\u003Cp>Remarking on the agreement, \u003Cstrong>Roman Kapinos,\u003C\u002Fstrong> VA Group’s representative, said: \u003Cem>“Our entry into the Omani market, supported by such esteemed partners as OMRAN Group and F&M Middle East, reflects VA Group’s strategic commitment to the development of the region and our dedication to unlocking new opportunities for Oman as one of the leading international investors. We are confident that our projects closely align with and will contribute significantly to the national goals outlined in Oman Vision 2040.”\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp>\u003Cstrong>Hazem Abdul Karim\u003C\u002Fstrong>, CEO and Managing Partner of F&M Middle East added: \u003Cem>“This partnership with VA Group represents more than a signing. It marks the continuation of a journey built on trust, collaboration and a common vision for quality and long-term impact. Being selected for such a prestigious project in Muttrah, the gateway to Muscat and the Sultanate of Oman, is a responsibility we carry with great pride. Oman has been a land of opportunity and talent for us, and we remain fully committed to honoring the trust placed in F&M Middle East by delivering work that reflects the excellence of our partners, our team and this remarkable country.”\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp>Earlier in 2025, VA Group signed two strategic partnerships with the Oman Tourism Development Company (OMRAN Group). According to the agreements, VA Group will develop two modern urban clusters with high-quality apartments and villas. These master-planned communities are designed not only to provide world-class housing but also to foster vibrant environments that enhance residents’ quality of life. 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Group appoints Mohamed Saif Al Shaqsi as Executive Director for the GCC Region","2026-03-26","VA Group has appointed Mohamed Saif Al Shaqsi as Executive Director for the GCC region, reinforcing its commitment to expanding high-quality developments across Oman and the wider Gulf.","\u003Cp>VA Group, a leading international premium real estate developer, has appointed Mohamed Saif Al Shaqsi as Executive Director for the GCC region, reinforcing its commitment to expanding high-quality developments across Oman and the wider Gulf.\u003C\u002Fp>\n\u003Cp>In his new role, Mohamed will lead strategic business initiatives and oversee the delivery of major real estate projects across the region, with a focus on strategic planning, master planning, construction excellence, sustainable development and long-term economic impact aligned with national visions across the GCC.\u003C\u002Fp>\n\u003Cp>Commenting on his appointment, \u003Cstrong>Mohammed Saif Al Shaqsi\u003C\u002Fstrong> said:\u003C\u002Fp>\n\u003Cp>\u003Cem>“The GCC is entering a pivotal phase of growth and transformation, with increasing focus on diversification, urban development, and tourism. I am honored to take on this role at such an important time. Our priority is to deliver developments that create long-term value both economically and socially while meeting the highest international standards.”\u003C\u002Fem>\u003C\u002Fp>\n\u003Cp>Mohamed Al Shaqsi, an Omani national, brings more than 18 years of leadership experience in project management, construction, real estate and large-scale urban development across Oman and the GCC. His career spans senior roles in real estate and social infrastructure projects, with involvement across key sectors including healthcare, hospitality, retail and food security.\u003C\u002Fp>\n\u003Cp>He has led and contributed to the planning and execution of complex, multi-stakeholder developments, supporting economic diversification and enhancing quality of life. His experience includes work on landmark national projects such as Muscat International Airport, Oman Convention and Exhibition Centre, Oman Botanic Garden and Kempinski Hotel and Apartments, among other high-profile developments.\u003C\u002Fp>\n\u003Cp>Mohamed holds a Bachelor’s degree in Civil Engineering from Glasgow Caledonian University and an MBA from the University of Strathclyde, combining strong technical expertise with strategic leadership, financial acumen and commercial governance.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>About VA Group\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>VA Group is an international real estate developer specializing in world-class business and premium real estate projects. VA Group's strategy is focused on leveraging global capital and expertise to serve the dynamic markets of rapidly growing regions. 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Group partners with OMRAN Group for strategic development projects","2026-02-10","VA Group signed two strategic agreements with OMRAN Group, a state-owned developer and operator of the tourism sector of the Sultanate of Oman.","\u003Cp>VA Group, an international real estate developer, signed two strategic agreements with OMRAN Group, a state-owned developer and operator of the tourism sector of the Sultanate of Oman.\u003C\u002Fp>\n\u003Cp>\u003Cem>\"We are delighted to partner with OMRAN Group on these pioneering projects. Working together will allow us to create unique developments that merge Omani natural beauty and authenticity with international innovative design and urban planning standards. I am confident that our large-scale collaboration with OMRAN Group will serve as a driver of positive changes in the country's economic and social development,\" \u003C\u002Fem>commented Roman Kapinos, representative of VA Group.\u003C\u002Fp>\n\u003Cp>The first agreement concerns Muttrah Waterfront Development marking the launch of the development for this flagship destination. The second agreement covers the beachfront development of Yiti Integrated Tourism Complex, one of the largest planned tourism destinations in Sultanate of Oman and the wider region.\u003C\u002Fp>\n\u003Cp>VA Group plans to develop two mixed-use clusters with high-quality apartments and villas, featuring state-of-the-art public spaces, waterfront promenades, parks, sports facilities, upscale retail and leisure destinations. The projects will offer vibrant and sensitive environments designed to honor Oman’s natural beauty and to enhance the quality of life for guests and residents.\u003C\u002Fp>\n\u003Cp>VA Group is a strategic partner of OMRAN Group, supporting initiatives aligned with Oman Vision 2040. In addition, VA Group’s objectives demonstrate commitment to the country’s ICV principles. Both projects are set to generate significant direct and indirect employment opportunities, encourage participation of small and medium-sized enterprises, and attract new investment in Oman’s construction and tourism sectors.\u003C\u002Fp>\n\u003Cp>\u003Cstrong>About VA Group\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>VA Group is an international real estate developer specializing in world-class business and premium real estate projects. VA Group's strategy is focused on leveraging global capital and expertise to serve the dynamic markets of rapidly growing regions. 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