New report identifies optimal sites for wind power projects in Oman
MUSCAT: Nama Power and Water Procurement Company (PWP), the single procurer of power and water capacity in the Sultanate of Oman, has begun publishing data from its multi-year Wind Resource Assessment...
Oman invites EOI submissions for two new power projects
MUSCAT: Nama Power and Water Procurement Company (PWP), the single procurer of power and water capacity in the Sultanate of Oman, has formally kicked off the procurement process linked to the...
Container ship named after Oman makes maiden call
MUSCAT: A container ship named after the Sultanate of Oman docked at the container terminal facilities of Hutchison Ports Sohar on its maiden visit to Oman last week. MV ESL Oman – part of the...
New funding boost for Oman’s polysilicon project
MUSCAT: In a further boost for the growth of a polysilicon industry in Oman – a key building block in the production of solar cells and microchips – independent investment firm ewpartners has...
Major 750-bed tertiary hospital planned in Sultan Haitham City
MUSCAT, DEC 3 One of Oman’s biggest tertiary hospitals is planned for implementation at Sultan Haitham City – part of a raft of healthcare initiatives that will augment the City’s status as an...
Oman-China MoU on hydrogen fuel cell trucks
MUSCAT, DEC 2 FTXT Energy Technology Ltd, a Chinese-based specialist in fuel cell systems for the transportation sector, has announced the signing of a Memorandum of Understanding with an Omani firm...
Oman targets 2,400 MW of gas-based power capacity
MUSCAT: Marking the end of a brief hiatus in the procurement of new gas-based power generation – in line with the country’s transition to renewable electricity – Oman’s power sector...
French firm wins key power sector contract in Oman
MUSCAT: French energy management specialist Energy Pool has announced that it has been tapped by Nama Power and Water Procurement Company (Nama PWP) – the single procurer of power and water capacity...
Islamic finance industry projected to soar to $40 bn
MUSCAT: Oman’s finance industry is set to grow by around 25 per cent, surpassing $40 billion in value over the medium term, up from $30.9 billion as of September 2024. Fuelling this growth are a...
Tethys Oil eyes commercial success in Oman Block 58
MUSCAT: Having just secured the Omani government’s nod to proceed with the commercial development of Block 56 in southeastern Oman, Swedish energy firm Tethys Oil is hoping it is on cusp of a...
Oman launches work on new A’Thuraya City project
MUSCAT, NOV 27 The Ministry of Housing and Urban Planning has initiated formal development of A’Thuraya City – the latest in a portfolio of signature urban residential developments designed to...
Hafeet Rail to contribute to carbon neutrality goals
MUSCAT, NOV 26 French-based multinational engineering firm Systra says its recent success in snagging a key project management contract linked to the Oman-UAE Hafeet Rail project has buoyed its hopes...
New framework for Omani projects yields savings
MUSCAT: Oman’s authorities have recorded tens of millions of Omani riyals in cost savings following the roll-out of a new framework for the governance of government projects contracted out for...
Unido hails Oman’s Kigali Amendment ratification on greenhouse gases
MUSCAT: The United Nations Industrial Development Organization (Unido) has welcomed Oman’s ratification of a landmark international agreement that calls for the removal and replacement of...
Oman’s OQBI sees potential foray into downstream derivatives
MUSCAT: Future pathways for growth, identified by OQ Base Industries (OQBI) — Oman’s only integrated producer of methanol, ammonia, and LPG products — include the potential to venture into the...
Vision Offices now active in 56 Omani government entities
MUSCAT, NOV 20 Representative offices of the Oman Vision 2040 Implementation Follow-up Unit are being established across a number of government ministries and public sector entities to help ensure a...
Membership of GAGE to spur Oman’s green energy transition
MUSCAT, NOV 19 The Sultanate of Oman’s recent membership of the Global Alliance on Green Economy (GAGE) – a key international platform committed to building national capacities of members in...
Oman plans National Foresight Office to navigate future challenges
MUSCAT, NOV 18 Oman’s authorities are taking steps to set up a centralised unit dedicated to future-proofing the country against potential vulnerabilities and disruptive global developments with...
Galfar order book balloons to RO 890m
MUSCAT, NOV 17 Leading Omani infrastructure and energy sector contractor Galfar Engineering & Contracting SAOG has reported a 50 per cent surge in its order book to a record RO 890 million for the...
Oman Flour Mills firms up mergers and acquisitions
MUSCAT: Oman Flour Mills (OFM), one of the largest integrated food companies in the Sultanate of Oman, has lined up mergers and acquisitions with a number food related businesses in Oman and the wider...