• Oman

    • Yeti tourism project: Omran signs agreement worth nearly $ 1 billion

    By on January 14, 2022
    Yeti tourism project: Omran Group signs agreement worth nearly $ 1 billion
    Yeti tourism project: Omran Group signs agreement worth nearly $ 1 billion

    Muscat: As part of its ongoing efforts to expand tourism investments through strategic alliances, Oman Tourism Development Company (Oman Group) has entered into a development partnership agreement with Diamond Developers, a major real estate development company.

    In a statement Oman news agency said: The agreement entails the development of the first phase of Yiti tourism masterplan with an investment value of approximately $ 1 billion. In conjunction with this partnership, a joint venture called Sustainable Development and Investment Company (SDIC) has been established to carry out the execution of this phase.

    Omran group said in a tweet : We are delighted to announce that OMRANGroup has entered into a development partnership agreement with Diamond Developers to develop phase 1A of the Yiti Tourism masterplan.

    Mr. Hashil Al Mahrouqi, CEO of OMRAN Group, shares details of Phase 1A of Yiti Tourism masterplan, that is set to be one of the largest integrated tourism developments in Oman.

    The project further attests to OMRAN Group’s strategic vision in expanding the nation’s tourism sector and boost economic diversification in line with Oman Vision 2040 and National Tourism Strategy.

    Mr. Faris Saeed, Chairman of Diamond Developers, expresses his pleasure in joining hands with OMRAN Group to develop phase 1A of Yiti Tourism master plan. The upcoming venture will set new standards for natural beauty and urban living as per the best practises of sustainability

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.