United Real Estate Company Breaks Ground on Shamkhia Development on Masirah Island, Oman

Oct 13 , 2026

In a step reflecting its commitment to strengthening its investment and commercial presence in Oman, United Real Estate Company (URC), in collaboration with South Al Sharqiyah Governorate, has laid the foundation stone for the Shamkhia Integrated Development in Masirah, marking the start of construction on a promising tourism and real estate project that will contribute to the governorate’s economic and tourism development.

The project builds on the longstanding historical ties between the State of Kuwait and the Sultanate of Oman. It also reflects the company's confidence in Oman’s investment and development potential, as well as the safe, stable and supportive environment it offers for business growth and distinctive development projects.

Shamkhia Integrated Development represents a valuable addition to the development landscape of Masirah. Spanning 60,000 square metres, the project will feature hospitality, residential and retail facilities, alongside a traditional Omani souq inspired by the wilayat’s identity and cultural and historical heritage. Its design takes into consideration the area’s environmental and geographical characteristics, enhancing the experience of visitors and residents while strengthening Masirah’s position as a promising tourism and investment destination.

On this occasion, Mishary Al Muhailan, Group Chief Executive Officer of URC, stated that the groundbreaking marks the official commencement of construction and brings to life an investment vision that combines sustainable development with the preservation of local identity. He noted that the project has been designed to complement the character of Masirah and its future aspirations.

“We are happy to commence construction on this project in Masirah, which reflects our confidence in the investment and tourism potential of the Sultanate of Oman. It also reaffirms our commitment to developing integrated destinations that deliver economic and social value to local communities and enhance the wilayat’s appeal as a distinguished tourism and investment destination,” said Al Muhailan.

He added, “We believe that Wilayat Masirah possesses unique characteristics and promising opportunities for growth in both the tourism and investment sectors. This project will help attract more visitors and investors while creating new economic opportunities that support sustainable local development.”

Al Muhailan further noted that the security and stability enjoyed by Oman are fundamental pillars in attracting investment and achieving sustainable development. These strengths reinforce the confidence of investors and partners across various sectors, positioning Oman as a successful model for providing a supportive environment for ambitious projects and development initiatives.

The project is being implemented in cooperation and coordination with South Al Sharqiyah Governorate and the relevant government entities, highlighting the importance of public-private partnerships in developing strategic projects that support economic and tourism development objectives and maximize the potential of Wilayat Masirah’s natural and cultural heritage.

The development further builds on URC’s established presence in the Sultanate of Oman. The company previously developed and operates Gardens Mall and Hotel in Salalah, one of the most prominent commercial and tourism developments in Dhofar Governorate and the first integrated shopping mall in Salalah, with a built-up area exceeding 86,000 square metres.

At the conclusion of the event, URC expressed its appreciation to South Al Sharqiyah Governorate and the relevant public and private sector entities for their support and cooperation in advancing the project. The company emphasized that this collaboration reflects a shared commitment to strengthening investment and developing the tourism sector, contributing to Oman’s sustainable economic development.