Latest news with #Yiti
Zawya
21-05-2025
- Business
- Zawya
The Sustainable City – Yiti makes sustainable living more accessible with new flexible payment plans
Muscat, Oman – The Sustainable City – Yiti, Oman's flagship sustainable development and the region's pioneering net-zero emissions community, announced today at the Oman Real Estate Expo the introduction of flexible post-handover payment plans tailored specifically for end-users intending to reside in the city upon its completion. This initiative comes in response to increasing demand, with over 90% of villa buyers purchasing for residential purposes. The move highlights the project's commitment to facilitating homeownership and fostering a long-term sustainable lifestyle. The new payment plans allow buyers to pay for their homes over a period of three- or five-years post-handover, offering greater financial flexibility and making the path to homeownership more accessible and convenient. This initiative aligns with the project's ongoing commitment to empowering more families to adopt a sustainable lifestyle within one of the most advanced residential communities in the Sultanate. Mahmoud Shehada, Chief Sales and Marketing Officer at The Sustainable City – Yiti commented: 'The introduction of post-handover payment plans roots from a clear understanding of buyers' needs, most of which seek to settle in a fully integrated, sustainable environment that offers all the essentials of modern living. This step is aimed at making homeownership more attainable, particularly for residents of Oman who may face challenges in securing mortgage financing from local banks.' He added: 'For years, we've been working to challenge the misconception that sustainable living comes at a high cost. These new flexible payment plans are part of that ongoing effort, aiming to make it easier for families to invest in a home that offers both a great quality of life and a commitment to protecting the environment.' The Sustainable City is being developed by Diamond Developers, a subsidiary of SEE Holding, in partnership with Omran. The project is the first residential development in the region committed to achieving net-zero emissions by 2040. It represents a pioneering and integrated model for the cities of the future by combining renewable energy, water reuse, and waste segregation to minimize landfill use, while also enhancing food security through sustainable agriculture systems. The city features a diverse selection of three- and four-bedroom villas that blend sustainable architectural design with the highest standards of modern living. Each villa is equipped with solar panels, energy-efficient systems, and smart technologies. Residents and visitors will also benefit from a wide range of amenities, including a school, nursery, equestrian center, indoor sports complex, and open spaces for recreational activities, all within walking distance. Upon completion, the city is expected to accommodate approximately 10,000 residents and visitors, setting a new benchmark for sustainable urban living in the region. About The Sustainable City – Yiti The Sustainable City – Yiti is set to be the first net zero emission community in the world, realizing the UN 2050 net zero targets by 2040. Located 30km from central Muscat, The Sustainable City – Yiti is a coastal development overlooking the Oman sea and is a joint venture between Diamond Developers, the masterminds behind The Sustainable City brand, and Oman Tourism Development Company, part of OMRAN Group. Aligned with Oman's 2040 vision and designed to meet the highest social, environmental and economic sustainability standards, the live-work-thrive city follows the blueprint for low-emissions living, pioneered by The Sustainable City in Dubai. Expected to be completed in 2026, The Sustainable City – Yiti will span approximately one million square meters and accommodate over 10,000 people in villas, townhouses and apartments. The city will feature state-of-the art facilities, urban farming, a central plaza with a mall, school and nursery, a rehabilitation center for people of determination, an indoor sports complex, access to a wide range of outdoor recreational activities, an equestrian center, two hotels and 132 luxury serviced apartments. Through on-site educational facilities, The Sustainable City – Yiti also presents opportunities for research and learning, enabling the essential transfer of sustainability knowledge.
Zawya
19-05-2025
- Business
- Zawya
The Sustainable City – Yiti showcases sustainable living model at Oman Real Estate Expo 2025
Muscat, Oman – The Sustainable City – Yiti, a leader in sustainable urban living, is proud to announce its participation in the ongoing Oman Real Estate Expo 2025. Oman Real Estate Expo 2025 forms part of Oman Design & Build Week, Oman's most prominent B2B exhibition and conference for the construction, design and real estate industry. Following a series of appearances at various international and regional real estate events, The Sustainable City – Yiti's participation at Oman Real Estate Expo further reinforces its position as an innovative leader in net-zero living. Set to be the world's first net-zero community aligned with the UN's 2050 sustainability goals, The Sustainable City – Yiti will present its innovative approach to sustainable living at Oman Real Estate Expo 2025. Attendees at the event have the opportunity to discover the community's groundbreaking design integrating renewable energy, water recycling, waste diversion, and urban farming, creating a self-sufficient, eco-friendly lifestyle. The 20th edition of Oman Design & Build Week, which includes Oman Design & Build Expo, Oman Real Estate Conference and Oman Real Estate Expo, is currently taking place, until the 21st of May 2025 at Oman Convention & Exhibition Centre. Underscoring the growing global demand for sustainable living, phase one of The Sustainable City – Yiti was a complete sell-out, with limited units still available in phase 2. Construction of the project is well underway. About The Sustainable City – Yiti The Sustainable City – Yiti is set to be the first net zero emission community in the world, realizing the UN 2050 net zero targets by 2040. Located 30km from central Muscat, The Sustainable City – Yiti is a coastal development overlooking the Oman sea and is a joint venture between Diamond Developers, the masterminds behind The Sustainable City brand, and Oman Tourism Development Company, part of OMRAN Group. Aligned with Oman's 2040 vision and designed to meet the highest social, environmental and economic sustainability standards, the live-work-thrive city follows the blueprint for low-emissions living, pioneered by The Sustainable City in Dubai. Expected to be completed in 2026, The Sustainable City – Yiti will span approximately one million square meters and accommodate over 10,000 people in villas, townhouses and apartments. The city will feature state-of-the art facilities, urban farming, a central plaza with a mall, school and nursery, a rehabilitation center for people of determination, an indoor sports complex, access to a wide range of outdoor recreational activities, an equestrian center, two hotels and 132 luxury serviced apartments. Through on-site educational facilities, The Sustainable City – Yiti also presents opportunities for research and learning, enabling the essential transfer of sustainability knowledge.
Zawya
07-05-2025
- Business
- Zawya
Oman: Bandar Al Khairan targeted for sustainable tourism
MUSCAT: Well-known Omani design and architectural consultancy firm Hoehler + alSalmy (H+S) has announced that it has been awarded a contract by the Ministry of Heritage and Tourism for advisory services linked to the development of Bandar Al-Khairan, a pristine coastal haven of Muscat Governorate, into an eco-tourism area. Located off the blacktop to Yiti, a major destination for real estate, tourism and hospitality investment, Bandar Al Khairan has already been designated a general ecotourism area vide Royal Decree 45/2007, conferring upon this natural sanctuary a high degree of environmental protection. Given its proximity to the capital city, Bandar Al Khairan attracts tourists, picnickers and weekenders eager for a day out amid its tranquil settings with its distinctive mangrove forests, limestone cliffs, secluded covers and serene waters. From the ecological standpoint, Bandar Al Khairan is also known for its rich biodiversity, reflected in its extensive coral reefs and marine habitats. Furthermore, as a carbon sink in its own right, conserving this sanctuary is also imperative to Oman's climate mitigation objectives. Of late, however, with major upscale resort and hospitality developments coming up in the vicinity of this sanctuary, Hoehler + alSalmy has been tapped by Oman's authorities to ensure Bandar Al Khairan's development is in accordance with sustainable guidelines and regulations. 'As part of this project, we will be leading the planning, research, and analysis to ensure the best possible outcome — designing a sustainable framework that enhances and protects the unique environment of Bandar Al-Khairan, a designated protected area,' the sustainability-focused architectural firm noted in a post. 'This project is a major step toward enhancing sustainable tourism in one of Oman's most beautiful natural environments. We are truly honoured to play a role in shaping a destination that reflects Oman's ecological and cultural richness,' the company further added. Already, parts of Bandar Al Khairan ocean-facing waterfront are being transformed into high-end resort developments designed and built based on sustainable standards. Notable is Bandar Al Khairan Resort & Spa, a lavish development promoted by Musstir, the hospitality arm of MB Group, with an investment of RO 36 million. According to Bangkok-based boutique hotel chain Minor Hotels, the property will be operated by Anantara and feature 51 guest rooms, 46 chalets and 24 villas. The property is due to launch in 2026. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
19-03-2025
- Business
- Zawya
Driving excellence: ahlibank achieves significant growth in 2024
Muscat: ahlibank, 'Your Partner in Excellence,' has reaffirmed its leadership in the banking sector, achieving remarkable financial results for 2024. This year marked a pivotal chapter in the bank's journey, with notable advancements in innovation, customer-centric solutions, and sustainable growth. As Oman's economy continues to show resilience amid global challenges, with growth projected for 2024-2025 driven by fiscal policies and reforms, ahlibank has strategically aligned its initiatives to support the Sultanate's economic stability. By leveraging diversified revenue streams and embracing innovation, the bank has contributed to Oman's robust fiscal outlook. Celebrating 17 years of excellence, ahlibank has achieved steady performance across its key financial indicators for the year ended December 2024. The Bank's Net Loans, Advances & Financing witnessed a 12.2% growth, reaching to RO 3,022.3 million at end of 31st December 2024, over the corresponding period in 2023. Customers' deposits increased by 11.6% to reach RO 2,762.8 million, compared to the corresponding period of last year; Total Assets increased by 13.2%, reaching to RO 3,754.9 million. Operating Income increased by 9.9% to reach RO 108.31 million. Operating Expenses, increased by 7.6% to reach RO 46.40 million. Profit for the period grew by 14.3% to reach RO 41.66 million, demonstrating the Bank's sustained growth strategy. Said Abdullah Al Hatmi, CEO of ahlibank, commented on the results stating, '2024 has been a defining year for ahlibank. Through strategic foresight and a strong commitment to innovation, we have not only sustained our growth trajectory but also set new industry benchmarks in financial excellence. Our focus remains on enhancing customer experiences, fostering innovation, and solidifying our position as a leader in Oman's banking sector.' ahlibank strengthened its market position in the banking sector with significant milestones aligned to the Sultanate's economic goals. The bank played a key advisory role in fundraising RO 40.6 million for The Sustainable City, Yiti project, and supported the second phase of Khazaen Economic City, advancing Oman Vision 2040. Financial closure for the Industrial Waste Treatment Facility at Sohar Port was also achieved, reducing Oman's reliance on hazardous waste exports. During the year, the Bank successfully issued Additional Tier 1 (AT1) Bonds, raising RO 40 million to enhance capital adequacy. The Bank expanded its retail and Islamic banking offerings, launching ahli islamic's Al Majd segment for upper-mass customers and the premium Al Shumookh center in Shatti Al Qurum for high-net-worth individuals. Furthermore, new ahli islamic branches in Al Suwaiq and Al Khoudh expanded access to Sharia-compliant banking products and services. In 2024, digital transformation remained at the forefront of ahlibank's priorities. The bank enhanced its mobile banking app with advanced features for seamless financial management and introduced instant credit card issuance through advanced machines, significantly improving customer convenience. These initiatives underscore ahlibank's commitment to innovation and operational excellence. Al Hatmi added, 'As we look to 2025, we are determined to lead the way in redefining banking excellence. By integrating cutting-edge financial technology, driving sustainable initiatives, and expanding our horizons, we aim to deliver innovative solutions that exceed expectations and contribute meaningfully to Oman's socio-economic development. Our vision encompasses not only the adoption of advanced digital tools but also the cultivation of partnerships that reinforce our position as a market leader. By staying attuned to evolving customer needs and industry trends, we are committed to delivering tailor-made financial solutions that empower our clients and foster inclusive growth. This holistic approach ensures that ahlibank remains a catalyst for progress within Oman and the wider region.' ahlibank's dedication to excellence was recognized on multiple fronts in 2024, earning eight prestigious awards, including the Corporate Bank of the Year Award, Excellence in Corporate Banking & Innovative Solutions, Best Performing Company – Large Cap, Excellence in Digital Banking at OER Live DX Oman, and Best Conventional Bank in Oman by the Union of Arab Banks. These accolades affirm ahlibank's innovative solutions and unwavering focus on delivering exceptional value to customers and stakeholders. As ahlibank looks forward to 2025, the Bank is poised to expand its digital solutions and introduce tailored offerings to meet diverse customer needs. Anchored in its position as a trusted 'Partner in Excellence,' ahlibank remains committed to fostering growth, innovation, and contributing to the realization of Oman's economic aspirations. With a firm belief in the power of innovation and sustainability, ahlibank is ready to redefine banking excellence in Oman and beyond.
