Latest news with #DiamondDevelopers
Trade Arabia
27-02-2025
- Business
- Trade Arabia
Sustainable City-Yiti seals partnership deal with ahli Islamic
The Sustainable City – Yiti, Oman's flagship sustainable development and the pioneering net zero emissions community, has signed a strategic partnership with ahli Islamic, marking a significant milestone in facilitating financial solutions that align with the project's long-term sustainability and development objectives. The partnership was formalised at a signing ceremony held on-site at The Sustainable City – Yiti, attended by senior executives from both entities along with key stakeholders. The Sustainable City – Yiti is being developed by Diamond Developers, a subsidiary of SEE Holding, in collaboration with Oman Tourism Development Company (Omran). Spanning nearly 1 million sq m along the Gulf of Oman coastline, it offers an innovative live-work-thrive model that integrates smart infrastructure, low-carbon living, and sustainable tourism. The agreement was signed by Mohammed Al Ghufaili, COO of Omran Group and Board Member of The Sustainable City – Yiti, and Yousuf Al Rawahi, DGM – Head of ahli Islamic. This collaboration reflects a shared commitment to supporting Oman's Vision 2040 by fostering ethical investment in sustainable real estate, enhancing financial accessibility, and promoting responsible urban growth. As Oman's largest sustainable urban development, The Sustainable City – Yiti integrates renewable energy, food production, water and waste recycling, smart mobility, and climate-resilient infrastructure to create a truly future-ready community. The development features a diverse mix of residential, commercial, hospitality, and educational spaces, designed to foster a thriving and sustainable community. It includes state-of-the-art commercial and hospitality zones with a central plaza, retail areas, and wo hotels, alongside essential community infrastructure such as a school, a nursery, an equestrian center, an indoor sports complex, and outdoor leisure areas. With 96% of its infrastructure already completed, the project is progressing steadily towards its full realization in 2026, bringing together residential, commercial, hospitality, and educational spaces designed to advance sustainable living, it stated. Al Ghufaili said: "With an investment of nearly one billion US dollars, we are redefining the real estate landscape by integrating sustainability, innovation, and long-term value creation." "This collaboration with ahli Islamic reinforces our commitment to responsible growth, ensuring that we deliver a world-class, net-zero emissions community that aligns with Oman's Vision 2040 and sets a benchmark for sustainable cities worldwide," he stated. Al Rawahi said: "Our collaboration with The Sustainable City – Yiti reflects the overall commitment and endeavor to support Sharia-compliant and sustainable investments that align with Oman Vision 2040." "By providing the needed financial solutions, we empower individuals and businesses to be part of a groundbreaking net-zero emissions community. Together, we are fostering a responsible urban grown society, while ensuring long-term value creation, and contributing to a more sustainable future for many in the sultanate of Oman," he added.-TradeArabia News Service
Muscat Daily
08-02-2025
- Business
- Muscat Daily
Construction starts for 203-room hotel in Sustainable City
Muscat – The Sustainable City – Yiti, the region's first city committed to achieving net-zero emissions by 2040, reached a major milestone last week with the groundbreaking ceremony for its new hotel. The landmark development aligns with the city's mission to create a sustainable, live-work-thrive community while advancing Oman's Vision 2040. The event was attended by senior representatives from Diamond Developers, Oman Tourism Development Company (Omran Group), and other key stakeholders, to celebrate the commencement of construction. The 4-star property will have 203 keys, including guest rooms and suites, as well as wheelchair-accessible rooms. The hotel will feature a range of facilities – including restaurants, a fitness club, a spa and wellness centre, two meeting rooms and more. 'We are excited to break ground on this significant development, an integral part of our strategy to position The Sustainable City – Yiti as a world-class destination and a hub for sustainable living,' said Mahmoud Shehada, Chief Sales and Marketing Officer at The Sustainable City – Yiti. 'This project exemplifies our commitment to delivering sustainability-focused infrastructure that can serve both residents and visitors. The hotel will not only provide premium accommodations but also reinforce the city's sustainable ethos through its design, operations, and offerings.' The development will seamlessly blend modern aesthetics with rich Omani cultural influences. It will cover a total area of approximately 15,748sqm and will have a built-up area of 22,266sqm. The hotel will also integrate eco-friendly features to ensure harmony with its surroundings. The addition of this new hotel represents a key step in establishing The Sustainable City – Yiti's appeal as a vibrant, sustainable destination for residents and visitors alike. Beyond premium hospitality, the project aims to bolster Oman's tourism sector, create numerous job opportunities, and showcase the nation's leadership in sustainable development, stated a press release. On track to start handovers by 2026, The Sustainable City – Yiti has already sold out phase one of residential properties and with this vital community component, has kicked off the next phase of development. Once complete, the city will accommodate approximately 10,000 residents and visitors, setting a regional benchmark for eco-friendly urban living. The city will feature state-of-the-art facilities, urban farming, a central plaza with a mall, school and nursery, an indoor sports complex, access to a wide range of outdoor recreational activities, an equestrian centre, and an additional hotel.
Trade Arabia
06-02-2025
- Business
- Trade Arabia
Sustainable City - Yiti breaks ground for new hotel
The Sustainable City - Yiti, the region's first city committed to achieving net-zero emissions by 2040, has marked a significant milestone with the groundbreaking ceremony for its new hotel. This development aligns with the city's mission to create a sustainable, live-work-thrive community while advancing Oman's Vision 2040, the developer said. The event was attended by senior representatives from Diamond Developers, Oman Tourism Development Company (Omran Group), and other key stakeholders, to celebrate the commencement of construction. The four-star property will have 203 keys, including guest rooms and suites, as well as wheelchair-accessible rooms. The hotel will feature a range of facilities – including restaurants, a fitness club, a spa and wellness center, two meeting rooms and more. 'We are excited to break ground on this significant development, an integral part of our strategy to position The Sustainable City - Yiti as a world-class destination and a hub for sustainable living,' said Mahmoud Shehada, Chief Sales and Marketing Officer at The Sustainable City – Yiti. 'This project exemplifies our commitment to delivering sustainability-focused infrastructure that serves both residents and visitors. The hotel will not only provide premium accommodations but also reinforce the city's sustainable ethos through its design, operations, and offerings.' The development will blend modern aesthetics with rich Omani cultural influences. It will cover a total area of approximately 15,748 sq m and will have a built-up area (BUA) of 22,266 sq m. The hotel will also integrate eco-friendly features to ensure harmony with its surroundings. The addition of this new hotel represents a key step in establishing The Sustainable City - Yiti's appeal as a vibrant, sustainable destination for residents and visitors alike. Beyond premium hospitality, the project aims to bolster Oman's tourism sector, create numerous job opportunities, and showcase the nation's leadership in sustainable development. On track to start handovers by 2026, The Sustainable City - Yiti has already sold out of phase one of residential properties and with this vital community component, has kicked off the next phase of development. Once complete, the city will accommodate approximately 10,000 residents and visitors, setting a regional benchmark for eco-friendly urban living. The city will feature state-of-the-art facilities, urban farming, a central plaza with a mall, school and nursery, an indoor sports complex, access to a wide range of outdoor recreational activities, an equestrian centre, and an additional hotel. - TradeArabia News Service
