OIA’s expanding strategic alliances boost FDI and knowledge inflows
MUSCAT, JUNE 30 The Oman Investment Authority (OIA) – the Sultanate of Oman’s integrated sovereign wealth fund – has broadened its network of strategic partnerships in a move that is helping...
Oman launches lantern-fish development pilot
MUSCAT, JUNE 29 Fisheries Development Oman (FDO), the government’s investment arm for the fisheries sector and a subsidiary of Oman Investment Authority (OIA), has launched a key initiative to tap...
Move to localise Oman’s ‘green copper’ value chain
MUSCAT: A pioneer in the production of ‘green copper’—copper cathode extracted from mining waste—is now exploring opportunities to boost in-country value (ICV) through potential investments in...
Oman’s first green ammonia project begins receiving key cargo
MUSCAT, JUNE 27 Project cargo has begun arriving at the Special Economic Zone at Duqm (SEZAD) for Oman’s first green hydrogen and ammonia venture — a landmark initiative set to kickstart the...
Oman’s Rakiza Fund eyes key infrastructure opportunities
MUSCAT: Oman-based infrastructure fund manager Rakiza, a platform under the Oman Investment Authority (OIA), is eyeing new investment opportunities in the water and digital infrastructure sectors,...
OIA expands private equity footprint with 13 new investments in 2024
MUSCAT: Oman Investment Authority (OIA) added 13 new investment funds to its private equity and venture capital portfolio in 2024, significantly expanding its exposure to high-growth global sectors...
New high-grade copper prospect unveiled in Oman’s Block 8
MUSCAT: A UK-based mining firm currently leading the exploration of mineral resources in Block 8 in Oman’s North Al Batinah Governorate has announced the discovery of a promising new copper...
Scientists detect Earth’s first ‘ghost plume’ deep beneath Oman
MUSCAT: A team of international scientists has discovered what they believe is the first confirmed "ghost plume" — a hidden column of superheated rock rising from deep within the Earth’s interior...
Study explores green hydrogen transportation via pipelines in Oman
MUSCAT, JUNE 21 Omani researchers have successfully concluded a key study exploring the potential to repurpose the Sultanate’s expansive natural gas pipeline network for the transport of green...
Oman’s fiscal consolidation a model of economic reform: World Bank
MUSCAT, JUNE 20 Oman’s fiscal consolidation journey has been hailed by the World Bank as a notable example of effective economic reform and responsible fiscal management. In its latest Gulf...
‘LNG from Oman’: Unified brand for Oman’s LNG
MUSCAT, JUNE 19 With two more LNG projects currently under development and construction, the Sultanate is seeking to leverage this significant expansion of its LNG industry to build a new brand...
Freehold ownership to drive SEZ investment
MUSCAT, JUNE 18 The opportunity for foreigners to own residential property on a freehold basis in Oman’s Special Economic Zones (SEZs) and Free Zones is expected to significantly enhance the...
New iron ore concentrator project in Oman advances
MUSCAT, JUNE 17 The development of a greenfield iron ore concentrator plant is gaining momentum at Sohar Port and Freezone, with international companies announcing key contracts for the supply of...
Major agro logistics hub coming up in Najd area
MUSCAT, JUNE 16 Oman Agriculture Development Company (OADC) – newly rebranded from the wholly state-owned Nakheel Oman Development Company – has announced the commencement of construction work on...
Tender for upgrade of Port Sultan Qaboos
MUSCAT, JUNE 15 Oman’s Ministry of Transport, Communications and Information Technology has kick-started the process of upgrading Port Sultan Qaboos to support its transformation into a national...
Omani Mountain Destination project moves to design phase
MUSCAT: Plans for the establishment of a landmark mountain destination in Al Jabal Al Akhdar—one of Oman’s highest summits—have advanced to the design stage. The Ministry of Housing and Urban...
Oman’s first mining economic cluster taking shape at Shaleem
MUSCAT: A significant initiative to commercialise the abundant industrial minerals found in Oman’s Dhofar Governorate is advancing with the establishment of the Sultanate of Oman’s first...
Oman advances plans for national semiconductor industry
MUSCAT: Marking a key step in its bid to penetrate the global trillion-dollar semiconductor industry, Oman is preparing to commission an international consultant to chart a strategy for developing a...
Oman a prime location for e-ammonia production: Yamna
MUSCAT: The Sultanate of Oman’s potential to become a regional powerhouse in e-ammonia production has been reaffirmed by a top executive at Yamna, a clean energy investment firm collaborating with...
Omani firm eyes drone-based cargo deliveries before year-end
MUSCAT: In a breakthrough for aerial logistics via unmanned aircraft in the Sultanate, Esbaar – an Omani provider of artificial intelligence (AI) and autonomous systems – is gearing up to launch...