MAJOR NEW INTEGRATED RESORT ANNOUNCED FOR OMAN
Oman has the vision to expand its capital city Muscat with a massive new integrated resort. It will be developed by the Oman Tourism Development Company (OMRAN Group) with a vision to transform the tourism and real estate sector in the Sultanate in accordance with Oman’s Vision 2040.
The 11 million sq m tourism project is named the Yiti Integrated Tourism Development and will bring new residential, tourism-related infrastructure to the capital Muscat. The Yiti project will be developed in four phases, taking into account accessibility to infrastructure, connection to main roads, ease of development and promotion of organic expansion.
“The master plan of the development is designed according to place making principles that ensure the establishment of innovative standards in urban development and architecture, as well as the activation of valleys, plateaus and coasts that harmonise within the topography of the site,” a OMRAN statement said.
The master plan supports the creation of a well-balanced, integrated, mixed-use residential and resort-oriented community that will include various components, such as tourism, commercial and business spaces, residential areas, and also leisure and entertainment attractions, educational and health facilities.
Hashil Bin Obaid Al Mahrouqi, CEO of OMRAN Group explained: “The Yiti Development masterplan is an epitome of progression, embodying components complementing each other, and based on a vision of balanced land use and urban design as key elements of its ethos. We have consciously created a development plan that will be executed through holistic partnerships with world class expertise. It is anticipated to create a modern integrated urban hub that sets new and improved urban planning standards for future developments in Oman and the region. This integrated development in the Sultanate, brings with it multi-fold opportunities for potential investors from across the region and the globe.”