UAE-based Diamond Developers and the Oman Tourism Development Company (Omran) today (March 30) jointly announced the launch of The Sustainable City – Yiti, a fully integrated urban mixed-use project being set up in Muscat.

 

With an investment value of AED3.7 billion ($1 billion), the city is the first project in Oman that meets the highest global green practices and adheres to the highest sustainability standards. 

 

Diamond Developers said the project, spread over an area of 1 million sq m, will be developed within the Phase One of the Yiti Integrated Tourism Development Masterplan. 

 

This iconic destination is situated in the capital city, overlooking the Sea of Oman and features a unique topography of majestic mountains that mingle with undisturbed valleys and pristine shores, which creates further competitive advantages to the destination.

 

On the new venture, Diamond Developers Chairman Engineer Faris Saeed said: "The Sustainable City – Yiti is not only a benchmark for sustainable urban development, it is a working model for future cities. It is a thriving community made up of thousands of residents, visitors, students, researchers, and entrepreneurs."

 

The project is expected to be one of the region’s most sustainable cities, and by adopting the latest solutions in energy production, vertical farming, humidity harvesting, and autonomous transportation, we aim to be net zero carbon by 2040, in line with Oman’s vision and national strategy. 

 

"At Diamond Developers, we remain committed to empowering and supporting partners around the world to realise the cities of tomorrow, today to deliver a more sustainable future for all of us," he stated.

 

Omran Group Chairman Engineer Mohammed Salim Al Busaidi said: "Our partnership with Diamond Developers to launch ‘The Sustainable City – Yiti’ is a unique milestone in our journey as we continue to invest, develop, and maximise the limitless potential of Oman’s tourism sector."

 

"As it’s being developed within one of the largest urban developments in the Middle East, Yiti will open avenues for numerous lucrative investment opportunities for both local and international investors in line with the directions of Oman Investment Authority," noted Al Busaidi.

 

"Mirroring the sultanate’s goal of driving transformational change to attain a green, circular economy and emissions reduction, the city embraces the highest standards of sustainability and attests to our vision of creating an eco-conscious community that is harmoniously aligned with the distinct geography of the region," he added.

  

With sustainable innovation at the heart of the development, the project will feature 1657 residential units including 300 eco-friendly and energy-efficient villas. Designed for comfort, practicality, and style, the spacious 3 and 4 bedroom villas will also offer significant savings on utility bills.-TradeArabia News Service