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Tag: Oman

Construction & Real Estate

United Solar welcomes US push to bolster polysilicon supply chains

Oman-based United Solar welcomed the new US measures to strengthen its domestic polysilicon industry and improve the resilience of its semiconductor supply chain such as a $21-per-kg import price and price floors for polysilicon ingots and wafers, solar cells and solar modules....

Construction & Real Estate

Madayn unveils plans to develop four new industrial cities in Oman

Oman's Public Establishment for Industrial Estates (Madayn) said it aims to develop four industrial cities in key governorates across the sultanate spanning a total area of 25.5 million sq m. This comes as part of its grand 11th Five-Year Development Plan for 2026-2030 period. ...

Construction & Real Estate

EDF consortium achieves financial close for 120MW Oman wind project

A consortium led by French utility giant EDF power solutions with members Al Khadra Partners and OQ Alternative Energy (OQAE), has achieved a major milestone with the financial close for the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in the Sultanate of Oman....

Construction & Real Estate

SSH named construction consultant for premium Oman cultural destination

SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens. ...

Construction & Real Estate

L&T inks EPC framework deal with Petroleum Development Oman

India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries - L&T Energy Hydrocarbon Onshore - has signed a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), thus strengthening the long-standing partnership between the two companies. ...

Construction & Real Estate

Oman's real estate deal value in H1 soars to $3.7bn

Oman's real estate transaction value surged by 5.4% year-on-year to hit RO1.434 billion ($3.7 billion) for the first six months of 2026, mainly driven by higher sales activity, reported ONA, citing data from the National Centre for Statistics and Information (NCSI) showed....

Construction & Real Estate

Road dualisation work advances on key Oman highway project

Omani authorities said steady progress is being made on the Bilad Sur-Gas Roundabout project in South Al Sharqiyah Governorate, with more than 80% of the road dualisation work already completed. The first 11.4-km section of the project has already been opened to traffic. ...

Construction & Real Estate

Chinese group Shanxi wins $222m Oman solar plant EPC deal

Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman....

Construction & Real Estate

Oman pushes ahead with $273m road infrastructure programme

Oman has begun implementing RO105 million ($273 million) road projects in North A'Sharqiyah Governorate as it expands the country's transport infrastructure under its Vision 2040 strategy. These include building of new roads, expansion of existing network and the dualisation of key highways. ...

Construction & Real Estate

Sohar Port breaks ground on its key zinc industrial park facility

Sohar Port and Freezone has announced the groundbreaking of its Zinc Recycling Industrial Park located on a 100,000 sq m site within its key development. Once operational, it is expected to produce 100,000 T of refined zinc ingots and 50,000 T of zinc oxide annually for customers across the region. ...

Construction & Real Estate

Meranti awards FEED contract for major green iron facility in Duqm

Singapore-based Meranti Green Steel said it has awarded a major FEED contract to a consortium of German group SMS and global direct reduction (DR) technology leader Midrex for its green iron facility at Duqm, Oman, with a planned capacity of 2.5 million tonnes per annum. ...

Construction & Real Estate

Oman's real estate transactions soar to $3bn in first five months

The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, said a report. The total value of real estate traded in the sultanate soared to hit RO1.18 billion ($3.05 billion) by the end of May. ...

Construction & Real Estate

Oman’s Sustainable City – Yiti achieves key safety milestone

The Sustainable City – Yiti, an integrated urban mixed-use project being set up in Muscat, has achieved a major construction milestone by clocking over 25 million safe working hours without a Lost Time Injury (LTI), as construction continues to progress across Oman’s flagship sustainable development. ...

Construction & Real Estate

Oman seeks consultancy bids for 4GW solar IPP projects

Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects. ...

Construction & Real Estate

IDFOman back in January to showcase future of interior design, fit-Out

Oman's interior design and fit-out industry will take centre stage once again as the 13th edition of IDFOman returns to Muscat in January 2027, bringing together leading global brands and regional industry players to showcase the latest trends, products and innovations. ...

Construction & Real Estate

Oman's United Solar completes $1.6bn funding round

Oman's United Solar has announced the financial close of its previously announced $50 million equity investment from IFC, the private sector arm of the World Bank Group. ...

Construction & Real Estate

Saudi Arabia drives GCC project markets in Q2 despite slowdown

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....

Construction & Real Estate

Oman awards over $296m tenders for development projects

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. ...

Construction & Real Estate

Siemens Energy to supply technology for Oman’s 2.6 GW power projects

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....

Construction & Real Estate

Al Mouj Muscat adds $2.3bn to Oman's GDP in 20 years, says study

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. ...

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