Muscat–Oman Tourism Development Company (OMRAN Group) – the executive arm of the Sultanate for tourism development and Dar Al Arkan, the leading real estate company in Saudi Arabia and the GCC, signed an agreement to develop ‘AIDA’ a premium, mixed-use project nestled within the masterplan of Yiti Integrated Tourism Development.

The project marks Dar Al Arkan’s first entry into Oman to drive the development of the property market and support the growth of Oman’s tourism and real-estate sectors in accordance with Oman Vision 2040. The value of the investment in the project from both parties will reach USD 1.5 billion, and it will be developed in three phases on an area of 3.5 million square metres.

Through the partnership, Dar Al Arkan will develop a mixed-use project in Yiti and Yankat areas, 20-minutes from Downtown Muscat, a paradise with a distinctive terrain where the earthy atmosphere envelops as part of a large master development, situated 100m above the shores and overlooking of the Sea of Oman in Muscat, comprising of 3,500 residential units of medium-sized villas, townhouses, and low-rise apartments.

A place where two charming hotels of 450 rooms, a plaza filled with cafes and restaurants, a gated promenade with luxury retail and other amenities.