Transforming Oman: The Vision Behind the Khasab and Shinas Twin-Cities Development Project

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The Khasab and Shinas Twin-Cities Development Project represents a transformative vision to unlock the immense potential of northern Oman. Initiated by Al Mithaq Investment and Development LLC (AM) and guided by the visionary calls of His Majesty Sultan Qaboos, this project sets out to create vibrant hubs of tourism, residential, commercial, and industrial innovation.

A Visionary Plan with Global Collaboration

Collaborating with Surbana Jurong (SJ), a globally recognized master planner owned by Singapore’s Temasek Holdings, AM developed a comprehensive roadmap. The Government of Oman embraced this bold plan, paving the way for economic growth and sustainable development in the region.

The project’s journey involves key milestones:

  1. Vision Master Plan – Completed and approved by the government.
  2. Preliminary Master Plan – Delivered to address land use, infrastructure, and economic projections.
  3. Detailed Master Plan and Development Phase – Set to begin with local and international collaboration.

Pioneering Opportunities in Property Development

AM envisions becoming a unicorn in property development through the creation of two subsidiary entities:

  • Khasab and Shinas Tourism Development Company (KSTDC) – Driving tourism-centric projects.
  • Shinas Industrial Development Company (SIDC) – Spearheading industrial and port development.

Uniquely, AM secured the government’s approval to develop a port, free zone, and industrial park—breaking traditional norms and positioning Oman as an investment magnet.

Unlocking Investment Potential

The project invites investors to participate through equity stakes in AM. Key benefits include access to discounted shares, exclusive development rights, and strategic board representation. With a secured land bank of 18 square kilometers and a projected enterprise value of $1.9 billion, this initiative offers substantial long-term returns.

Building a Modern Economy

Anchored in Oman’s economic strategy, the development includes:

  • Tourism Growth: Integrated tourism complexes, world-class marinas, and cruise terminals.
  • Industrial Innovation: An oil storage terminal, a shipbuilding yard, a petrochemical complex, and logistics hubs.
  • Community Development: Modern residential and commercial infrastructure.

A Global Gateway

By fostering partnerships with local and international investors, this project positions Khasab and Shinas as gateways for trade, tourism, and industrial growth in the Middle East. It is not just a blueprint for urban expansion but a transformative leap toward economic diversification.

This bold initiative exemplifies Oman’s commitment to progress, sustainability, and global connectivity. Investors and stakeholders are invited to be part of this journey, shaping the future of Oman together.