Another day, another IPO: SEE Holding — the developer behind the region’s first residential community to achieve net zero — is set to hire banks including Barclays and Citigroup to work on its planned initial public offering of its businesses and The Sustainable City brand, Bloomberg reported on Thursday, citing people in the know.

What we know: The banks also include Emirates NBD and First Abu Dhabi Bank (FAB) for the IPO in the UAE, the sources said. SEE Holding is yet to decide which exchange it will list on, but the IPO could be happening next year. The listing would include its engineering, design, and advisory businesses along with its sustainability city development business.

About the company: SEE Holding describes itself on its website as a “sustainably focused global holding group that is spearheading a net zero emissions future.” It launched The Sustainable City — a benchmark city for achieving net zero emissions by 2050 — in Dubai in 2013. It is working on similar projects in Abu Dhabi, Sharjah, and Oman, according to its website.

An IPO bonanza: SEE Holding is joining several firms considering a listing in the UAE, including Advanced Inhalation Rituals, which owns shisha brand Al Fakher and Dubizzle Group, according to Bloomberg. The state-owned entity-dominated IPO scene saw exchange firm Al Ansari Financial Services as the only privately-owned firm going public with a listing in the UAE this year.