Diamond Developers and Omran announced $1bn mixed-use project in Oman
Project will feature 1,657 residential units including 300 eco-friendly and energy efficient villas
UAE-based Diamond Developers has inked a deal with Oman Tourism Development Company (Omran) for the launch of ‘The Sustainable City – Yiti’. Billed as a fully integrated urban mixed-use project being set up in Muscat, the $1bn project is said to be the first in Oman that meets the highest global green practices and adheres to the highest sustainability standards.
The developer said the project will spread over an area of one million sqm and will be developed within Phase One of the Yiti Integrated Tourism Development Masterplan. The 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, a statement from the firm said.
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, the developer explained.
“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. 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,” said Diamond Developers chairman Engineer Faris Saeed.
With sustainable innovation at the heart of the development, the project will feature 1,657 residential units including 300 eco-friendly and energy-efficient villas. Designed for comfort, practicality, and style, the three and four bedroom villas will also offer significant savings on utility bills, the statement noted.
Omran group chairman Engineer Mohammed Salim Al Busaidi added, “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.”
He concluded, “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.”
