Omran launches $1bn sustainable city in Yiti – EQ Mag Pro
Muscat : Oman Tourism Development Company (Omran Group) celebrated the launch of The Sustainable City – Yiti in partnership with Diamond Developers – the leading company in developing sustainable communities – on Wednesday.
With an investment value of nearly US$1bn, the fully-integrated, urban, mixed-use master project reflects the group’s goals towards driving the social and economic development through sustainable tourism projects that attract foreign direct investment (FDI) in line with Oman Vision 2040 and the National Tourism Strategy.
Spread over an area of 1mn sqm, The Sustainable City – Yiti – will be developed within the Phase 1 of the Yiti Integrated Tourism Development Masterplan.
Slated for completion by 2025, the project will feature 1,657 eco-friendly and energy-efficient residential units including 300 villas. Designed for comfort, practicality, and contemporary style, the spacious three and four bedroom villas will also offer significant savings on utility bills.
‘It is the first project in Oman that meets the global green practices and is in adherence to the highest sustainability standards,’ according to a press release.
Commenting on the inauguration, Eng Mohammed Salim al Busaidi, chairman of Omran Group, 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, it will open avenues for numerous lucrative investment opportunities for both local and international investors in line with the directions of Oman Investment Authority.”
Eng Faris Saeed, chairman of Diamond Developers 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” he added.
“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 achieve carbon neutrality by 2040, in line with Oman Vision 2040. 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.”
While being completely energy independent with solar panels and biogas meeting 100 per cent of its energy requirements, self-sustenance is also an integral element of the project through the incorporation of productive farming areas and greenhouses. Private farming slots will be allocated for residents to encourage them to grow their own produce. The city is also designed to recycle 100 per cent of its waste and water.
Inspired by the local values of authenticity, togetherness, and community living, the city is positioned as a premium destination for wellness and includes facilities for jogging and cycling, an equestrian club, and a horse track. Providing an all-inclusive experience, it also includes a plaza with a fine selection of commercial outlets.
Source: muscatdaily
