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MUSCAT: The Sustainable City — Yiti, Oman’s flagship sustainable development and the pioneering net zero emissions community, signed a strategic partnership on Thursday with Ahli Islamic Oman bank.

The partnership was formalized at a signing ceremony held on-site at The Sustainable City — Yiti, attended by senior executives from Yiti and Ahli Islamic Oman, along with key stakeholders.

As Oman’s largest sustainable urban development, Yiti integrates renewable energy, food production, water and waste recycling, smart mobility and climate-resilient infrastructure to create a “future-ready” community.

With 96 percent of its infrastructure already completed, the project is progressing toward its full realization by 2026, bringing together residential, commercial, hospitality and educational spaces designed to advance sustainable living.

“With an investment of nearly $1 billion, we are redefining the real estate landscape by integrating sustainability, innovation, and long-term value creation. This collaboration with Ahli 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,” said Mohammed Al-Ghufaili, COO of Oman Tourism Development Company (OMRAN) Group and a board member of Yiti.

Yousuf Al-Rawahi, head of Ahli Islamic Oman, 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.”

Developed by Diamond Developers in collaboration with OMRAN, Yiti spans nearly one million square meters along the Gulf of Oman coastline, and offers smart infrastructure, low-carbon living and sustainable tourism.

The development features a mix of residential, commercial, hospitality, educational spaces, two hotels, alongside essential community infrastructure such as schools, a nursery, an equestrian center, an indoor sports complex and outdoor leisure areas.

It has been designed to achieve net zero emissions by 2040, as a key contributor to Oman’s environmental and economic transformation.