Muscat - The Sustainable City – Yiti has established a strategic partnership with Ahli Islamic, representing a pivotal step in providing financial solutions that support the project's long-term sustainability and development goals.
This partnership was officially announced during a signing ceremony held at The Sustainable City – Yiti, which was attended by senior leaders from both organizations, as well as important stakeholders.
The agreement was executed 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.
The Sustainable City – Yiti is designed to incorporate renewable energy, food production, water and waste recycling, smart mobility, and climate-resilient infrastructure, aiming to create a community that is prepared for the future. With 96% of its infrastructure already completed, the project is on track for full completion in 2026, featuring residential, commercial, hospitality, and educational areas that promote sustainable living.
Mohammed Al Ghufaili, Chief Operating Officer of OMRAN Group and Board Member of The Sustainable City – Yiti, stated: “With an investment approaching one billion US dollars, we are transforming the real estate sector by incorporating sustainability, innovation, and long-term value creation. This partnership with ahli Islamic underscores our dedication to responsible development, ensuring the establishment of a world-class, net-zero emissions community that aligns with Oman’s Vision 2040 and sets a standard for sustainable urban living globally.”
Yousuf Al Rawahi, Deputy General Manager and Head of Ahli Islamic, remarked: “Our partnership with The Sustainable City – Yiti exemplifies our commitment to promoting Sharia-compliant and sustainable investments that resonate with Oman Vision 2040. By offering essential financial solutions, we enable individuals and businesses to engage in a pioneering net-zero emissions community. Together, we are cultivating a responsible urban society while ensuring long-term value creation and contributing to a more sustainable future for many in the Sultanate of Oman.”
Developed by Diamond Developers, a subsidiary of SEE Holding, in collaboration with Oman Tourism Development Company (OMRAN), The Sustainable City – Yiti stands as a premier sustainability initiative in Oman. Covering nearly one million square meters along the Gulf of Oman coastline, it presents an innovative live-work-thrive model that integrates smart infrastructure, low-carbon living, and sustainable tourism.
The development includes a varied mix of residential, commercial, hospitality, and educational facilities designed to nurture a vibrant and sustainable community. It features advanced commercial and hospitality areas with a central plaza, retail spaces, and two hotels, along with vital community infrastructure such as a school, a nursery, an equestrian center, an indoor sports complex, and outdoor recreational spaces.
