On May 11, 2026, Retal Urban Development Company announced the signing of a development agreement with the Ministry of Housing and Urban Planning in the Sultanate of Oman on May 10, 2026. The contract involves developing an integrated residential community within Sultan Haitham City in Muscat Governorate, with an estimated project value of SAR 3.1 billion (equivalent to approximately OMR 320 million). The development will span 1.3 million square meters and include over 2,000 residential units (villas and apartments), commercial components, and community facilities, with an estimated development period of nine years. This marks Retal's first project in Oman as part of the company's regional expansion strategy, with positive financial impact expected starting from 2027.

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