PROJECT

Projects

Summary of Investment Information

Project Number

52170

Company Name

Sustainable Development Investment Company (SAOC)

Date SPI Disclosed

Jan 14, 2026

Country

Oman

Region

Middle East

Projected Board Date

Feb 13, 2026

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Mar 17, 2026

Department

Regional Industry MAS MCT

Industry

other

Previous Events

Approved : Mar 12, 2026

Sector

Housing - For Sale [Project only]

Project Description

Sustainable Development Investment Company SAOC (SDIC) was established for the purpose of developing The Sustainable City Yiti (TSCY) in Oman. TSCY is a mixed residential and commercial development extending over approximately 100 hectares in proximity of the Yiti village, c.40 km East of Muscat. TSCY includes a marina, two hotels, 132 serviced apartments, 300 houses, and the Plaza District - which consists of 17 buildings with 1,225 apartments, c.13,400 m2 of office space and c.14,600 m2 of commercial space. TSCY will also include shared services (general urban infrastructure, a water desalination plant, waste management plant, solar photovoltaic power generation systems, district cooling etc.) and facilities for use by residents and non-residents of the city (a mosque, school, sport facilities, public beach, equestrian and autism centers).

Associated Advisory Engagement

IFC is considering potential upstream support to SDIC, which may include green building certification of the Plaza District, leveraging IFC’s EDGE (Excellence in Design for Greater Efficiencies) and APEX (Advanced Practices for Environmental Excellence in Cities) tools. IFC is also looking to develop a pilot program leveraging on Yiti, to establish the first Green District certification.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation