SDIC and IFC Sign OMR 38.5 Million (US$100 Million) Financing Agreement to Advance the Plaza at The Sustainable City - Yiti

Sustainable Development & Investment Company (SDIC), a joint venture between OMRAN Group and SEE Holding, has signed a financing agreement valued at OMR 38.5 million (US$100 million) with the International Finance Corporation (IFC), the private sector arm of the  World Bank Group, to support the development of The Plaza at The Sustainable City – Yiti.

The financing represents another significant milestone in the evolution of The Sustainable City - Yiti, reinforcing international confidence in sustainable investment opportunities in the Sultanate of Oman while accelerating the delivery of one of the region's leading sustainable urban developments.

Designed as the vibrant heart of The Sustainable City - Yiti, The Plaza will feature a diverse mix of retail, dining, wellness, entertainment, and community spaces, creating a dynamic destination that enhances the quality of life for residents and visitors while strengthening the city's long-term commercial and lifestyle offering.

Saif Sulaiman Al Yarubi, Chairman of SDIC, said: "This milestone marks an important step in the continued evolution of The Sustainable City - Yiti. As the development progresses, we remain committed to delivering a vibrant and sustainable destination that seamlessly integrates residential, commercial, hospitality, and lifestyle experiences, creating long-term value for residents, visitors, investors, and the Sultanate of Oman."

Faris Saeed, Founder and Chairman of SEE Holding, said: “Transforming the way cities are built requires partners who share the conviction that sustainability is the foundation of long-term economic growth. IFC's support represents a strong vote of confidence in The Sustainable City – Yiti, in Oman, and in a development model that proves environmental responsibility, commercial success, and quality of life can advance together. We believe the cities that will lead the future are those designed to create lasting value for people, investors, and the environment alike.”

“This project demonstrates that cities can meet growing urban housing demands while advancing sustainability goals,” said IFC’s Division Director for the Gulf Cooperation Council, Abdullah Jefri. “It reflects the World Bank Group’s commitment to supporting scalable projects that create jobs, improve lives, and shape cities that are better prepared for the future.”The agreement reflects the shared commitment of SDIC, its shareholders, and IFC to advancing sustainable urban development, attracting responsible investment, and creating long-term economic and social value in support of Oman Vision 2040.