Al Adrak Group, a leading engineering construction company in Oman, has announced plans to develop a premium mixed-use urban project on a 460,000 sq m area within the mega Sultan Haitham City in capital Muscat at a total investment of RO185 million ($420 million). ...
British developer LEO Development has teamed up with Rove, a JV between master developer Emaar Properties and Dubai Holding, to launch its debut lifestyle hospitality project in Oman. The Rove Home Muscat Expressway will feature one- and two-bedroom apartments along with a range of lifestyle amenities. ...
Singapore-headquartered Meranti Green Steel has announced that it has secured full offtake coverage for the first module of its green Hot Briquetted Iron (HBI) production from its new iron plant within the Duqm Special Economic Zone in Oman, thus marking a key commercial milestone for the project. ...
Oman's Ministry of Finance and the Saudi Fund for Development (SFD) have signed a memorandum of understanding (MoU) to finance the construction of the Thumrait Industrial City project....
Kuwait Fund for Arab Economic Development has signed a finance agreement for the second phase of the internal roads project in the Special Economic Zone at Duqm (Sezad). The scope of work involves paving of internal roads in the First and Second Residential Areas and the Industrial Area at Sezad. ...
Emirates Building Systems (EBS), a wholly owned subsidiary of Dubai Investments and one of the Middle East’s leading manufacturers of steel structures, has been awarded a major contract to deliver the full structural steel package for the Sayyid Tarik Bin Taimur Cultural Complex, one of Oman’s most significant upcoming cultural developments....
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. ...
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. ...
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). ...
Etihad Water and Electricity (EtihadWE) announced its participation in the consortiums developing the Misfah and Duqm power generation projects in Oman....
United Solar Holding today announced that its wholly-owned subsidiary, United Solar Polysilicon (USP), has secured over $900 million to complete financing for its state-of-the-art polysilicon facility in Oman. ...
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. ...
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. ...
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. ...
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....
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. ...
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. ...
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. ...
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....
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. ...
