VA Group partners with OMRAN Group for strategic development projects

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.

"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," commented Roman Kapinos, representative of VA Group.

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.

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.

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.

About VA Group

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. VA Group’s expertise covers the entire life cycle of development: from conceptual design to implementation, tailored to each location’s unique values and objectives.

About Oman Tourism Development Company

Oman 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. The Group’s multifaceted and collaborative approach enables it to work independently or as a catalyst, combining governmental strength with private sector innovation.