Project awards in the GCC region for the second quarter surged to $59.4 billion, up 30% over last year supported by higher contract activity in Saudi Arabia and Oman, although activity slowed sharply from Q1, according to a report....
Oman has awarded RO114 ($296 million) project development tenders for the first half of the year. These include big-ticket projects such as the third package of Al Batinah Expressway; the construction of Al Jabal Al Abyad Road as well as Sultan Taimur bin Faisal Road dual carriageway. ...
Siemens Energy will supply six gas turbines, six generators and 20-year maintenance services for Oman’s Misfah and Duqm IPP projects, adding nearly 2.6 GW of capacity, increasing national electricity generation by almost 20% and serving more than 2 million people....
Al Mouj Muscat, Oman's flagship integrated tourism destination, has contributed $2.3 billion to the sultanate's GDP over the past two decades, said a study, adding that it had evolved from a pioneering waterfront development into one of the region's most mature integrated destinations. ...
Oman's Nama Power and Water Procurement has launched the RFQ process for the development of two renewable energy projects - Adam Solar IPP (integrated with a Battery Energy Storage System (BESS), and Sinaw Solar IPP - being set up at a total investment of RO398 ($1.03 billion). ...
Foster + Partners has unveiled the detailed masterplan designs for the Al Najd Agricultural City at Dhofar, in collaboration with Omani consultancy Dar Al Handasah. Spanning 54 million sq ft, the City features shaded pedestrian routes as well as retail and leisure spaces for a projected population of 13,000 residents. ...
Sharakah, Oman’s leading SME development company, has announced a strategic collaboration with Gulf Technical Support (GTS), a specialist in the supply, installation and maintenance of heating, ventilation, and air conditioning (HVAC) systems across the sultanate. ...
Whitewill, the international luxury real estate agency operating across the UK, USA, UAE and Oman markets, has recorded an OMR1.74 million ($4.53 million) Fendi Casa Villa sale at AIDA by DarGlobal, one of the highest-value villa transactions within the development. ...
Oman's Sultan Haitham City, represented by the Ministry of Housing and Urban Planning, has floated two tenders for the construction of a Government School Complex and a Cultural and Social Centre. ...
Oman has signed 10 agreements and memoranda of understanding to establish new projects with an investment value of RO2.9 billion ($7.54 billion) in the Duqm Special Economic Zone, said an Oman News Agency post in X platform....
Oman’s Nama Power and Water Procurement Company (PWP) has announced that it is seeking bids from qualified companies for providing project management and supervisory consultancy services for the 300MW Marsa Solar Independent Power Project (IPP) in the sultanate. ...
O-Green, a green infrastructure platform jointly owned by Naqaa Sustainable Energy and OQ Alternative Energy, said it has achieved the financial close for the largest solar energy project in Oman. The landmark 93MW solar project is being developed in partnership with Madayn at Sohar Industrial City....
Oman’s Ministry of Heritage and Tourism has signed two usufruct agreements to establish a four-star resort in the Wilayat of Al Hamra in A’Dakhiliyah Governorate and a five-star hotel in the Wilayat of Mirbat in Dhofar Governorate, with an investment cost exceeding $31 million....
Abu Dhabi-based BILDCO is studying a strategic logistics project in Oman aimed at developing an integrated logistics hub at the Port of Salalah, alongside a collection and operations centre in Sohar. ...
Oman's Asyad Group has signed its first usufruct agreement with Nama Real Estate for the construction of a commercial complex within the Muscat Airport Free Zone. Spanning 25,000 sq m area, the key facility will boast smart offices and hitech workspaces designed to serve both regional and global companies. ...
Oman has promulgated the new Real Estate Registry Law, which is a transformative step that advances institutional modernisation and accelerates digital transformation....
The Oman Real Estate, Design & Build Exhibition and Conference ended on a successful note with agreements worth over RO443 million ($1.14 billion) signed during the four-day event. This year's expo attracted more than 35,000 visitors and witnessed broad participation from leading investors and developers. ...
A delegation of Dubai Investments has held a high-level meeting with Dr Khalfan bin Saeed Al-Shuaili, Minister of Housing and Urban Planning of Oman, exploring potential investment opportunities in Oman....
As many as 182 usufruct agreements valued at more than OMR37.8 million ($98.31 million) were signed during the 21st edition of Oman Real Estate, Design & Build Exhibition and Conference, which concludes today in Muscat....
Leading Saudi developer Retal has secured a key contract from Oman for the development of an integrated residential community on a 1.3 million sq m area within Sultan Haitham City in Muscat. A $830 million project, it will boast over 2,000 residential units as well as other key amenities....
