Oman plans major Agri-Industrial Food City in Najd
A first-of-its-kind agri-industrial city centred around large-scale crop cultivation and food processing is planned for development in the Najd area of Dhofar Governorate in the Sultanate of Oman.The...
Pact signed to unlock Oman’s wave energy potential
An initiative to harness the potential of wave energy in the Sultanate of Oman, as a clean and sustainable source of electricity, has been announced.Spearheading the initiative is the partnership of...
Hydrogen-powered green future awaits Oman
A critical milestone in Oman’s nascent green hydrogen journey was marked on February 26, 2023 when His Majesty Sultan Haitham bin Tarik issued Royal Decree 10/2023 effectively laying the bedrock of...
Salalah Port’s Container Terminal upgrade project to start in H1
Port of Salalah, the nation’s premier transshipment and logistics hub overseeing the Indian Ocean, says its investment in the upgrade of its Container Terminal is key to attracting a new generation...
Oman-UK bilateral trade jumps 31% to RO 550m
MUSCAT, FEB 26Bilateral trade between the Sultanate of Oman and the United Kingdom soared 31.5 per cent to £1.2 billion (RO 0.550 billion approx.) at current prices for the 12 months to the end of Q3...
Omani electric car maker to add SUV to portfolio
Promising industry: Mays Motors garners around 500 bookings for debut Mays iE1 modelMUSCAT, FEB 25Mays Motors, the Sultanate of Oman’s first high-end Electric Vehicle (EV) manufacturer, has...
Omani-Indian JV to set up battery recycling project
MUSCAT: A leading Indian-based global recycling company has announced the signing of a Memorandum of Understanding (MoU) to support the establishment of a battery recycling plant in the Sultanate of...
Oman’s geothermal strategy to make headway this year: SLB
MUSCAT: The potential to harness and develop Oman’s largely untapped geothermal resources is among a portfolio of billion-dollar business opportunities that global technology giant SLB (previously...
Japanese corporation to explore role in Oman green ammonia project
A Memorandum of Understanding (MoU) signed recently by Japanese heavy engineering manufacturer IHI Corporation with Indian green energy developer ACME Group could potentially see the former...
$230 bn required to unlock hydrogen export economy in Oman
MUSCAT: Oman’s National Strategy for an Orderly Transition to Net-Zero envisions the need for an additional $230 billion in investments to help unleash the country’s full potential as a global...
New briquetting project to boost Vale’s operations in Oman
MUSCAT, FEB 20A new briquetting plant proposed by Brazilian mining conglomerate Vale SA at its iron ore pelletising complex in Sohar Port promises to further reinforce the Sultanate of Oman’s...
Oman seeks to become hub for space applications
MUSCAT, FEB 20The Sultanate of Oman’s newly launched Space Policy & Executive Programme aims to position the country as a destination for downstream space activities and investments, according to Dr...
Oman’s green steel project to boost non-oil GDP growth
MUSCAT, FEB 18A green hydrogen-ready integrated steel plant planned in the Special Economic Zone at Duqm (SEZAD) has the potential not only to position the Sultanate of Oman as a pioneer in green...
Decree paves way for speedy realization of Oman’s green hydrogen vision
Thursday’s Royal Decree 10/2023, centring on the allocation of land plots for renewable and green hydrogen projects, has been hailed as a critical piece of legislation that will underpin the...
Oilfield services giant Schlumberger among anchor investors in Abraj Energy IPO
Schlumberger Oman & Co LLC, the Omani subsidiary of global oilfield services giant Schlumberger (SLB), has pledged to subscribe 37.739 million shares in the Initial Public Offering (IPO) of Omani...
Semiconductor summit to help Oman break into $600 bn global industry
Oman Investment Authority (OIA), the biggest investor in the Omani economy, is among a number of ministries and public sector entities that will take part in next week’s International Semiconductors...
PDO receives first of its kind dual-fuel crude carrier
A mega crude carrier with dual-fuel propulsion systems, among other unique capabilities, called at the Mina Al Fahal Crude Oil Export terminal off Muscat recently in the first such visit of its kind...
Oman to add 1.9 GW of renewables by 2026: IEA
The important strides made by the Sultanate of Oman in decarbonising its power generation sector have been highlighted by the International Energy Agency (IEA) in a newly published report that tracks...
14 investment opportunities linked to Oman’s space programme
MUSCAT: A long-term National Space Policy issued recently by the Omani Ministry of Transport, Communications and Information Technology (MTCIP) has identified as many as 14 projects and investment...
Oman targets 3 new wind power projects by 2026
MUSCAT: Pressing ahead with its strategy to harness renewable energy resources for its electricity requirements, the Sultanate of Oman – represented by Oman Power and Water Procurement Company...