The first contract for construction of the Sustainable City – Yiti project in Oman has been awarded by Sustainable Development & Investment Company to Galfar Engineering and Contracting Company.

Galfar will construct central plaza and commercial, residential and office buildings at the Sustainable City – Yiti project, reported Muscat Daily.

Sustainable Development & Investment Company is a joint venture between Oman Tourism Development Company (Omran Group) and Diamond Developers, a developer of sustainable communities.

Galfar stated: “We are pleased to inform our esteemed shareholders that Sustainable Development & Investment Company has awarded Galfar a contract for the construction of plaza, commercial, residential and office buildings at Sustainable City – Yiti project.”

The tender carries a value of around ($195m) OMR75m. It has an execution period of 26 months.

Galfar added: “This project will further strengthen Galfar’s order book and enhance its marketing share in integrated tourism projects in Oman. We take this opportunity to express our appreciation to Sustainable Development & Investment Company for the confidence vested on Galfar through award of this project.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Recently, Omran Group and Diamond Developers celebrated the project’s launch.

This completely-integrated, urban, mixed use project with an investment value of almost $1bn is spread over an area of 1 million square metres.

Sustainable City – Yiti – will be developed within the first phase of the Yiti Integrated Tourism Development Masterplan.

Scheduled for completion by 2025, the project will have 1,657 residential units including 300 three- and four-bedroom villas. These units, intended to be eco-friendly and energy-efficient, will be designed for comfort, practicality, and contemporary style.

It is claimed to be the first project in Oman that meets the global green practices.

—————————————————————————————————————–

Image: This completely-integrated, urban, mixed use project with an investment value of almost $1bn is spread over an area of 1 million square metres. Credit: Omran Group.