Diamond Developers To Construct Phase 1 Of $1bn Yiti Project – MEP MiddleEast

Diamond Developers To Construct Phase 1 Of $1bn Yiti Project – MEP MiddleEast

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Middle East

Diamond Developers To Construct Phase 1 Of $1bn Yiti Project – MEP MiddleEast

Diamond Developers, which is the mastermind behind The Sustainable City brand – the first fully operational sustainable community in the Middle East, has entered into a development partnership agreement with the Oman Tourism Development Company (OMRAN Group), the executive arm of the Sultanate for tourism development.

The agreement entails the development of Phase 1 of the Yiti Tourism masterplan with an investment value of approximately $1bn (AED3.7bn).

In conjunction with this partnership, a joint venture called Sustainable Development and Investment Company (SDIC) SAOC has been established to carry out the execution of Phase 1.

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