The Sustainable City — Yiti, Oman’s flagship net-zero emissions community, has signed a strategic partnership with Ahli Islamic Oman bank to support sustainable investments aligned with Oman Vision 2040.
The agreement was formalized during a signing ceremony held at The Sustainable City — Yiti, attended by senior executives from Yiti and Ahli Islamic Oman, along with key stakeholders.
Developed by Diamond Developers in collaboration with Oman Tourism Development Company (OMRAN), Yiti is the country’s largest sustainable urban development, integrating renewable energy, water and waste recycling, food production, and climate-resilient infrastructure. With 96% of its infrastructure completed, the project is on track for full realization by 2026.
“With an investment of nearly $1 billion, we are redefining real estate by integrating sustainability, innovation, and long-term value creation. This collaboration with Ahli Islamic Oman reinforces our commitment to responsible growth, ensuring a world-class, net-zero emissions community that aligns with Oman’s Vision 2040,” said Mohammed Al-Ghufaili, COO of OMRAN Group and a board member of Yiti.
Yousuf Al-Rawahi, head of Ahli Islamic Oman, highlighted the bank’s commitment to Sharia-compliant and sustainable financing, stating: “By providing the necessary financial solutions, we empower individuals and businesses to be part of this groundbreaking net-zero community, fostering responsible urban growth and contributing to a more sustainable future for Oman.”
Spanning nearly one million square meters along the Gulf of Oman coastline, Yiti incorporates smart infrastructure, low-carbon living, and sustainable tourism. The development includes residential, commercial, hospitality, and educational spaces, featuring two hotels, schools, a nursery, an equestrian center, an indoor sports complex, and outdoor leisure areas.
Designed to achieve net-zero emissions by 2040, The Sustainable City — Yiti serves as a key contributor to Oman’s environmental and economic transformation.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
