A shop or restaurant in Al Yazan on the Muttrah waterfront: what is announced, and what your company prepares before booking

On 9 November 2026 Omran Group and VA Group announced Al Yazan on the Muttrah waterfront, an integrated tourism complex on 18.5 hectares. Besides homes, it includes about 25,000 sq m of retail, a pedestrian street, a plaza, an open-air amphitheatre, dining venues and a waterfront promenade of more than 400 metres, according to Oman Observer.

Timing and what is not announced

Enabling works are expected before the end of 2026, phase one (two residential buildings) within three years, and later phases depend on market conditions. The business plan includes participation by Omani companies and SMEs. Shop leasing terms, rents and launch dates have not been announced.

What to prepare now

If you are a foreign investor, first make sure your activity is not reserved for Omanis (Decision 209/2020 as amended by 435/2024). Then know what your activity needs after the commercial registration: a municipal licence for the premises and, for restaurants, usually Civil Defence approval and health certificates for staff.

Before you book a unit

The municipal licence is usually built on a notarised lease, so ask before booking: will the unit accept a licence for your activity? When will it be handed over? What are the shared charges? And compare the handover date with your plan: a unit delivered in years does not suit a business you want to open this year.

Source: Oman Observer: RO 200 million waterfront project to reshape Muttrah — 2026-11-09 · NGIOM: تأسيس شركة في عُمان للمستثمر الأجنبي خطوة بخطوة (ترخيص البلدية بعقد إيجار موثق، والأنشطة المقصورة) — 2026-10-13