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Tag: oman

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. ...

Construction & Real Estate

Nama starts RFQ process for $1bn solar projects in Oman

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). ...

Construction & Real Estate

Foster + Partners unveils sustainable masterplan for new agricultural city in Oman

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. ...

Construction & Real Estate

Sharakah inks strategic collaboration with Omani HVAC specialist

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. ...

Construction & Real Estate

$4.53m villa sale recorded at Oman's AIDA by DarGlobal

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. ...

Construction & Real Estate

Oman seeks supervisory consultancy services bids for 300MW solar project

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. ...

Construction & Real Estate

O-Green achieves financial close for Oman’s largest industrial solar project

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....

Construction & Real Estate

Oman unveils $31m hospitality projects in Al Hamra, Mirbat

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....

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