oman tourism investment company llc

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Oman announces six investment opportunities in tourism

The Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) launched a few investment opportunities in the tourism and waste management sectors at Oman Convention and Exhibition Center today.

Asila bint Salem al Samsamiya, Undersecretary, MOCIIP, said that six investment opportunities in the tourism sector will be offered to the tune of RO974 million, while 12 opportunities worth RO528 million will be offered in the waste management sector.

The announcement was made in the presence of Salem bin Mohammed al Mahrouqi, Minister of Heritage and Tourism, officials, ambassadors, and representatives of several private sector companies, businessmen, and investors.

This launch is part of the ministry’s initiatives to find investment opportunities in various sectors, in partnership with the Muscat National Development and Investment Company (ASAS), the Omani Tourism Development Company (Omran), the Omani Environmental Services Holding Company (Bee’ah), and the Jabal Busher Heights Real Estate Development Company, where some investment opportunities are available for feasibility studies. and market assessment studies.

According to Omran Group, the most prominent tourist projects under development are Madinat al Irfan, Hay al Sharq with a total area of 1.6 million sqm, and Musandam Adventure Project with an area of 275,000 sqm, and the Yiti tourism project with an 11 million sqm.

Through these initiatives and plans, the ministry aims to attract qualitative investments in the sectors of economic diversification, create an appropriate environment for the success and development of all investments, and empower the private sector to invest.

The investment opportunities will also be published through the Invest in Oman platform, and those wishing to invest can enter via https://investinoman.om/ and register. They can also access 72 other investment opportunities on that platform.

The Sultanate has made many facilities to bring investment to the Sultanate of Oman, including updating the foreign capital investment law, allowing 100% ownership, and many incentives and guarantees for the foreign investor.

An investor residence program for investment in the Sultanate was launched for periods ranging from 5 to 10 years, subject to extension as per procedures.

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Agreement signed for first phase of Yiti integrated tourism development

Dubai | UAE

Diamond developers signs partnership with the oman tourism development company (omran group).

As part of its ongoing efforts to expand sustainable projects in the region

- omran group, the sultanate of oman’s executive arm for tourism development signed an agreement with diamond developers, the dubai–based company specialized in developing sustainable environmental projects, - the new agreement will underline the company’s commitment towards building carbon-neutral and resilient communities, dubai – 13th january 2022: diamond developers, 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 first phase of the yiti tourism masterplan with an investment value of approximately aed 3.7 billion (approximately usd 1 billion). in conjunction with this partnership, a joint venture called sustainable development and investment company (sdic) s.a.o.c has been established to carry out the execution of this phase., omran group’s partnership with diamond developers marks a major milestone in yiti development as we together begin the first phase of this integrated urban destination in muscat. the signing further attests to omran group’s strategic vision in expanding the nation’s tourism sector and continuing to play a pivotal role as a catalyst and enabler of multi-fold, lucrative investment opportunities in the country in line with oman investment authority’s directions in realising the ambitious goals of oman vision 2040 and supporting the delivery of the national tourism strategy,” said hashil bin obaid al mahrouqi, ceo of omran group., “we are delighted to collaborate with diamond developers as they are one of the leading and reputable companies in building sustainable cities in the region. their approach is in line with our vision of adopting the foundations of placemaking and harnessing sustainability in all aspects of the development.” al mahrouqi added., the first phase of the yiti project, which covers 900,000 square meters, will focus on constructing a fully sustainable mixed-use project, the sultanate's first of its kind community that promotes sustainable living. the first phase will include green public spaces, residences, tourism, commercial, and educational facilities, all with well-balanced and integrated components. visitors and residents alike will enjoy a variety of unique lifestyle experiences, including restaurants, cafés, shops, and an equestrian center, a farm along with other distinctive components that create a meaningful green-living environment. the two sides announced that full details of the project will be revealed at the official launch ceremony later this year., commenting on the occasion, engineer faris saeed, chairman of diamond developers said, “we are very excited to join hands with omran to execute our first project in oman, and to work together on preserving the sultanate’s rich natural environmental resources in accordance with the best global green practices. over the past decade, we have gained and harnessed invaluable knowledge from our working proof-of-concept, which we are leveraging to set new standards for building sustainable and resilient cities with the highest sustainable standards to achieve a carbon-neutral future that also suits the local culture, environment, and economy.”, founded in 2003, diamond developers embodies a fundamental change in the concept of future cities; building, and maintaining sustainable, evidence-driven and intelligent, live-work-and-thrive cities. their replicable & scalable cities bring forward the 2050 paris agreement targets, enhance quality of life, and bring significant in-country value. the company is committed to enabling, empowering, and supporting partners around the world to realise the cities of tomorrow, today., source : https://www.thesustainablecity-yiti.com/news/, press and news, the sustainable city - yiti wins two accolades at the prestigious dossier construction awards and summit.

• Organized under the auspices of the Ministry of Housing & Urban Planning, the high-profile annual event, celebrates the highest-level achievements across the construction, infrastructure and real estate sectors. • The award ceremony was attended by H.E. Dr. Khalfan Al Shueili, Minister of Housing & Urban Planning, as the chief guest for the event • The Sustainable City – Yiti, a joint venture between Diamond Developers and Oman Tourism Development Company (OMRAN Group), was recognized with ‘Best Sustainable Project’ and ‘Best Sustainable Development’ awards. • The project was rewarded for its innovative sustainable solutions and effective environmental, social and economic management, setting global benchmarks in sustainable development. The Sustainable City - Yiti (TSC - Yiti), Oman's first fully sustainable city and the largest sustainable community in the Middle East, bagged two prestigious awards at the 10th edition of the Dossier Construction Awards & Summit (DCIAS). The project won both the 'Best Sustainable Project' and 'Best Sustainable Development' accolades for providing the highest standards of environmental, social, and economic sustainability. This includes clean energy production, recycling, vertical farming, and the adoption of clean and sustainable transportation, as well as other solutions that improve residents' quality of life and reduce their carbon footprint. The project was launched earlier this year, as a joint venture between Diamond Developers, the leading company in developing sustainable communities, and Oman Tourism Development Company (OMRAN Group), as phase 1 of the Yiti Integrated Tourism Development Masterplan. Bringing together the leading names and recognizing the top performers across construction, infrastructure, real estate, manufacturing and design & engineering consultancy, the Dossier Construction Awards & Summit is renowned and established as a mark of international excellence. The award ceremony was held in Sheraton Oman hotel in the presence of H.E. Dr. Khalfan Al Shueili, Minister of Housing & Urban Planning and leaders across various industry. Hashil bin Obaid al Mahrouqi, CEO of Omran Group received the awards on behalf of The Sustainable City - Yiti. In response to the win, Hashil bin Obaid al Mahrouqi, CEO of Omran Group said: “We are honored to have The Sustainable City - Yiti recognized at this year's Dossier Construction Awards & Summit. This stands as a testament to our unwavering commitment to reaching our sustainable development goals and creating an eco-conscious community that is harmoniously aligned with the distinct geography of the region. It also underlines our strategy to bringing significant in-country value, by generating employment opportunities, and giving local talents the necessary exposure to international markets, and the opportunity to learn from experts in the field.” “TSC - Yiti is a pioneering project that can transform the entire global sustainable development paradigm, built on an inclusive and integrated philosophy, bringing the highest sustainability standards and the best quality of life, in alignment with the Oman 2040 vision.”- he added. Located on the picturesque coastline, overlooking the Gulf of Oman, TSC - Yiti brings together a pioneering vision of sustainability and an unparalleled quality of community living to Oman. Spread across 86 hectares, the project overlooks the beautiful Gulf of Oman and is strategically located 30km from central Muscat. The community encompasses villa clusters, apartments, hotels urban farming, a central plaza with a mall, school, nursery, an institute, medical clinics, a rehabilitation center, a museum, a green mosque, sports complex, equestrian centre, and will be able to accommodate up to 10,000 visitors and residents. The Sustainable City - Yiti is expected to be completed in 2025, driving the industry towards a net zero journey in alignment with the 2050 climate targets.

The Road to Net-Zero Emissions Living in Oman Has Begun: With the Sustainable City – Yiti Well Underway, the Launch of the Property Sales Sheds Light on Its Remarkable Progress

The Sustainable City Yiti outlines commitment to Oman

Embarking on a significant path towards achieving net zero emissions, The Sustainable City – Yiti announced the much-anticipated launch of property sales for phase one of the largest sustainable community in the region, with 422 residential units designed in line with the highest social, environmental, and economic sustainability standards. A diverse selection of 136 eco-friendly residential villas will be available for purchase, each showcasing an elegant and energy-efficient design with spacious three and four-bedroom units. Additionally, a wide variety of 286 modern apartments will be offered, ranging from cosy studios to expansive three-bedroom units. All are designed to enhance the quality of life for residents while reducing their carbon emissions. The city will be powered by clean, renewable energy sources, prominently featuring solar panels that are tactically mounted on rooftops and parking facilities. This approach enables residents to achieve up to 100% energy bill savings. Expected to be completed by 2025, the development will feature a green spine running the length of the community, complete with biodomes and community gardens. Commenting on the monumental occasion, Hashil Obaid Al Mahrouqi, Chairman of Sustainable Development and Investment Company (SDIC), and OMRAN Group’s Chief Executive Officer said, “We are delighted about our partnership with Diamond Developers on The Sustainable City – Yiti, with joint efforts and determination in establishing the first development of this scale in Oman as one of the largest sustainable and urban developments in the region, that meets global green practices and is in adherence to the highest sustainability standards. Salah Habib, CEO of Diamond Developers said, 'The resounding success of The Sustainable City concept and the high demand for our brand are testaments to the growing appetite for eco-friendly living.'

• In-country value of billion-dollar-project contributing significantly to Sultanate’s economy • 78.65% of Omani-sourced material used in the one million-square meter project construction during the last two quarters alone. • More than 58 SMEs in Oman have benefited from the works being undertaken at TSCY The Sustainable City-Yiti (TSCY), a development by Sustainable Development Investment Company (SDIC) - a partnership between Diamond Developers and Oman Tourism Development Company (OMRAN Group), has reaffirmed its commitment to the Sultanate. The billion-dollar development aims to support the goals of the Oman Vision 2040, as well as the National Tourism Strategy, by creating a live-work-thrive city, that is green, energy efficient, and people-centric. It is also playing an integral role in contributing to in-country value for the Sultanate, with 78.65% of Omani-sourced goods & materials being sourced in the past six months alone. More than 58 SMEs in Oman have also benefited from the works undertaken at TSCY in the last two quarters. Scheduled to complete in 2025, the development has supported more than 1,800 jobs during construction, both direct and indirect, generating over 961,000-man hours to date. Eng. Ammar Sulaiman Al Kharusi, Head of development at OMRAN Group said: “We are delighted to play our part in strengthening the economy of Oman, from the tourism sector to SMEs and the huge number of employment opportunities through this exciting project. Ours is a truly sustainable development in every sense of the word and by driving in-country value across the board, we are further contributing to the growth and prosperity of the Sultanate.” TSCY will consist of 300 villas, 1,225 apartments and 132 luxury serviced apartments. The community also includes indoor and vertical farms, a central plaza with a mall, a school, a nursery, two hotels, a sports complex, medical clinics, an autism center, and an institute. Home to 10,000 residents and visitors once complete, The Sustainable City - Yiti will be the largest operational sustainable community in the world, with ambitions to be the first Net Zero Carbon community in Oman by 2040. The city is designed to deliver measurable outcomes across all three pillars of sustainability: social, environmental, and economic, bringing forward the UN emission reduction targets for 2050. The city follows the blueprint for low-carbon living that was pioneered by the first ‘The Sustainable City’, which opened in Dubai in 2016. The model ensures a reduction in carbon footprint, from design to operation, using disruptive innovation to achieve transformational societal change.

Bank Nizwa Offers Shari’ah-Compliant Home Finance Solutions for the Sustainability City – Yiti; Signs MoU with Sustainable Development and Investment Company

As the leading Islamic bank in Oman, Bank Nizwa has consistently endeavoured to contribute to the nation’s revenue diversification agenda. In line with the same, the bank recently signed a Memorandum of Understanding (MoU) with Sustainable Development and Investment Company (SDIC) to offer Shari’ah-compliant home finance solutions to customers aspiring to buy properties at The Sustainability City – Yiti. With a competitive profit rate of 4.85 per cent, Bank Nizwa seeks to make owning a home at this iconic location even more convenient, quick and secure. The Sustainable City – Yiti is set to be the first fully sustainable community in Oman, and will meet the highest standards of social, environmental and economic sustainability, with mixed housing typologies to suit different categories. Commenting on the signing of the MoU, Khaled Al Kayed, Chief Executive Officer at Bank Nizwa said, “We are indeed delighted to have signed this MoU with SDIC, the company responsible for developing the Sustainable City - Yiti, one of the region’s most prominent urban development projects to embrace the principles of sustainability. Hashil bin Obaid al Mahrouqi, Chairman of the Board of Directors of the SDIC said, “We are pleased to sign this agreement with Bank Nizwa. This signing comes as part of our continued commitment to work with our partners to provide superior services and reliable financing solutions to investors and customers of The Sustainable City - Yiti.” The Sustainable City - Yiti project is being developed by Sustainable Development and Investment Company (SDIC), a joint venture between OMRAN Group, the executive arm of the Sultanate for developing the tourism sector, and Diamond Developers, the leading company in developing sustainable communities. The Islamic home financing solutions from Bank Nizwa will hugely benefit buyers as the project provides a lucrative investment opportunity with immense growth potential. Bank Nizwa, through its continued local and international alliances, has been proactive in creating partnerships that aid in the sustainable progress of the country and the welfare of its people.

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Ecology-Novosibirsk LLC Sovetskaya, 5, Novosibirsk, Novosibirsk Oblast, Russia

Ecology-Novosibirsk LLC approached the Novosibirsk City Administration with the idea of ​​implementing this project. After the appeal, numerous meetings and meetings were held, as a result of which the initial draft was presented to the City Hall of Novosibirsk and the Government of the Novosibirsk Region. Subsequently, an extensive set of work was carried out to form the key economic and technological characteristics of the project.

An agreement was signed between Ecology-Novosibirsk LLC and the Novosibirsk Region on the implementation of an investment project (agreement No. 12 dated May 12, 2014);

Ecology-Novosibirsk LLC is included in the state program of the Novosibirsk region "Development of the system for handling production and consumption waste in the Novosibirsk region in 2015-2020";

The Investment Council under the Governor of the Novosibirsk Region made a decision (Minutes No. 4 dated December 9, 2014) to approve the activities of Ecology-Novosibirsk LLC in implementing the investment project, recognizing the project as strategic. It was also decided to create a working group to coordinate the actions of state authorities, local governments and business entities in the implementation of the project;

The project is included in the register of investment projects of the Novosibirsk region.

07/08/2015 - The facilities of MSC/Razdolnoye Landfill and MSC/Verkh-Tula Landfill are included in the territorial scheme for handling production and consumption waste in the Novosibirsk Region;

On December 23, 2015, Ecology-Novosibirsk LLC sent an official proposal to the Government of the Novosibirsk Region to conclude a concession agreement in order to implement the investment project under consideration in accordance with Federal Law No. on concession agreements).

On July 22, 2016, a concession agreement was signed between LLC Ecology-Novosibirsk (as a concessionaire) and the Government of the Novosibirsk Region (as a concessionaire) . The project includes two waste sorting plants for household waste with a capacity of 400 thousand tons each, two landfills with a capacity of 297.2 thousand tons and all the necessary infrastructure. The agreement was concluded for a period of 40 years.

In October 2017, 75% of Ecology-Novosibirsk LLC was bought by a Russian investment holding - VIS Group. During the 3-4 quarter. In 2017, VIS Group specialists conducted a comprehensive analysis of the project, developed proposals for its optimization and submitted it to the leadership of the Novosibirsk Region.

In 1-2 sq. 2018, Ecology-Novosibirsk LLC actively cooperated with the working groups on the project. As a result, optimal proposals were developed for the placement of waste sorting complexes, import substitution and the use of new technologies.

In July 2018, Ecology-Novosibirsk LLC, managed by VIS Group, submitted an application for a tender to select a regional MSW management operator in the Novosibirsk Region. The application was approved by the decision of the competition commission. In the event of an agreement with Ecology-Novosibirsk LLC and taking into account the scale of the forthcoming work, a separate division will be formed in the company to perform the functions of a regional operator.

On July 25, 2018, an agreement was signed between the Ministry of Housing and Communal Services and Energy of the Novosibirsk Region and Ecology-Novosibirsk LLC on the organization of activities for the management of municipal solid waste. In accordance with Article 24.6 of the Federal Law "On Production and Consumption Waste", from the date of the Agreement, the company was assigned the status of Regional operator for the treatment of MSW in the Novosibirsk Region .

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