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Tag: Oman

Construction & Real Estate

OQ Group signs $598m deals to develop Oman downstream industries

Oman’s OQ Group has signed strategic agreements worth over RO230 million ($598 million) with two global companies - Germany-based MAK and Indian group Deepak - for the development of advanced downstream manufacturing projects in the cities of Sohar and Salalah in the sultanate. ...

Construction & Real Estate

Korea Western Power lands contract for $898m Duqm power plant

Korea Western Power has secured a major contract to build and operate a gas-fired combined-cycle power plant being set up at an investment of 1.3 trillion won ($898 million) at Duqm in Oman. Set for 2029 completion, the 877MW facility is being implemented on a BOO model. ...

Construction & Real Estate

Etihad Water and Electricity plays key role in $2.6bn Oman CCGT projects

Etihad Water and Electricity has announced that it is part of two consortiums that have been awarded the contracts to develop 2.6GW power plants in Oman. These plants, which will be using combined cycle gas turbine technology, will be set up at a total investment of RO1 billion ($2.6 billion). ...

Construction & Real Estate

Oman University of Science and Technology kicks off work on new Muscat campus

Oman's National University of Science and Technology has announced that work has begun on its new university campus at Sultan Haitham City located within the Muscat governorate. Spanning a 31,890-sq-m area, the key facility will have the capacity to accommodate 2,435 students. ...

Construction & Real Estate

Masdar consortium achieves financial close for major Oman clean energy project

Abu Dhabi renewable energy group Masdar, said along with consortium partners - Al Khadra Partners, Korea Midland Power Company (Komipo) and OQ Alternative Energy - it has achieved the financial close for Ibri III, the first utility-scale solar and battery storage project in Oman. ...

Construction & Real Estate

Oman floats tender for new road development project at Sezad

Omani authorities have announced the launch of a tender for the construction of a 30.8-km-long road network within the Special Economic Zone at Duqm (Sezad). The project covers several residential areas and the light and medium industries zone across seven sub-plans. ...

Construction & Real Estate

Nama’s Wadi Dayqah purification plant set for 2027 completion

Oman’s Nama Water Services said construction is currently under way on a water purification plant being set up in the Wilayat of Qurayat. With the second phase of the project set to begin later this month, the plant is on track for completion by March 2027....

Construction & Real Estate

Petrojet snaps up $273m EPC contract for Oman gas pipeline

Petrojet, a key Egyptian oil and gas EPC (engineering, procurement, construction) contractor with a significant presence in Abu Dhabi, has announced that it has won a EPC contract worth $273 million to build a 193km natural gas pipeline in Oman. ...

Construction & Real Estate

EDF consortium inks power purchase deal for 120MW Oman plant

A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate. ...

Construction & Real Estate

AtkinsRéalis spotlights AI-driven surge in Oman electricity demand

AtkinsRéalis, a leading engineering services company, recently hosted a key event in capital Muscat to examine how Oman can meet surging AI economic development-led electricity demand through a balanced mix of nuclear, renewables, AI-ready grids and storage. ...

Construction & Real Estate

Madayn starts work on multi-storey parking project in Muscat

Oman's Public Establishment for Industrial Estates (Madayn) has begun work on a multi-storey parking project featuring modern office and service spaces at the Knowledge Oasis Muscat (KOM). It is being developed by Oman National Engineering and Investment Company....

Construction & Real Estate

Masdar consortium awards contract for 500MW Oman solar project

A consortium led by Abu Dhabi group Masdar has signed up China's CPECC for the development of Ibri III solar storage project in Oman being set up at an investment of $299 million. Once operational, it will boast a 500MW solar storage capacity. ...

Construction & Real Estate

Strabag lands $118m Oman transport infrastructure project

Strabag has announced that it has secured a €102 million ($118 million) transport infrastructure project in Muscat, Oman. The scope of work involves widening of a major street, building of a flyover and underpasses as well as redesigning roundabouts into intersections. ...

Construction & Real Estate

Oasis Trading unveils new Cat hydraulic excavator model

Oasis Trading, the authorised Cat dealer in Oman, has launched its new Cat 345 Hydraulic Excavator that boasts key features such as supreme hydraulic power for precise digging, agility and speed for moving massive volumes of material and GenNext fuel efficiency. ...

Construction & Real Estate

Madayn records $20bn cumulative investments in H1

Oman's Public Establishment for Industrial Estates (Madayn) has announced that it has achieved remarkable growth across all performance indicators in the first half with its total cumulative investment volume surging to nearly RO7.8 billion ($20.2 billion), up 2% over last year....

Construction & Real Estate

Oman launches its first Global Sustainability Academy

Oman Cables Industry has launched the Global Sustainability Academy, the first of its kind in Oman. It aims to facilitate knowledge exchange and develop practical sustainability solutions to enhance the energy sector's transformation and support economic diversification efforts. ...

Construction & Real Estate

Madayn launches tender for Phase I of Al Suwaiq Industrial City

Oman's Public Establishment for Industrial Estates (Madayn) has launched the tender for Phase I of Al Suwaiq Industrial City in Al Batinah North Governorate. It involves development of a 5-million-sq-m area with quality internal roads, utilities and sewage networks. ...

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