The Ministry of Transport, Communications and Information Technology (MTCIT) in its annual press conference confirmed that the railway projects planned in the Sultanate of Oman are making good progress, which include the ambitious and eagerly-awaited Muscat Metro project.
Work on ENGIE-POSCO’s hydrogen project to launch in 2027
Muscat: Construction work on a green hydrogen production facility, backed by a multinational consortium jointly led by global low-carbon energy developer ENGIE and Korean steel conglomerate POSCO, is planned to commence at the Port of Duqm in Oman’s Al Wusta Governorate in early 2027.
Duqm Refinery largest investment between two GCC countries
MUSCAT: Shaikh Mishal Al Ahmad Al Jaber al Sabah, Emir of the State of Kuwait, will pay a state visit to the Sultanate of Oman on Tuesday. The Emir of Kuwait will attend alongside His Majesty Sultan Haitham bin Tarik the opening of Duqm Refinery and Petrochemical Industries on Wednesday.
RO 63 million Duqm multipurpose fishing port to open this month
DUQM: The Special Economic Zone at Duqm (SEZAD) announced that a comprehensive multi-purpose fishing port will be opened in Duqm in February 2024.
Investments in Khazaen Economic City surpass $1 billion mark
MUSCAT: Khazaen Economic City, an integrated multipurpose hub located on Muscat’s doorstep, has already snagged over $1 billion in project investments as of end-2023 – a milestone that earned it the coveted ‘Fastest Growing Investment Destination’ accolade at an awards ceremony held in Dubai
‘Winter Al Tahayim’ season launched to boost economic, tourism growth
JAALAN BANI BU HASSAN: The ‘Winter Al Tahayim’ season was inaugurated under the auspices of Dr Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, in Jaalan Bani Bu Hassan, Al Sharqiyah South Governorate.
Oman emerges as green energy hub in booming India trade
MUSCAT: A recent report by India’s Parliamentary Committee on External Affairs highlights Oman’s pivotal role in New Delhi’s green energy ambitions and burgeoning trade partnership with the Gulf Cooperation Council (GCC).
Opportunity Oman: RO 2 billion to fuel future investment
Recognising the need to steer Oman towards a prosperous future, the Oman Investment Authority (OIA) has unveiled a groundbreaking initiative – the Future Fund Oman.
MoF launches new Sustainable Finance Framework for Oman
Oman’s Ministry of Finance (MoF) has unveiled a new framework to help support the funding of projects and initiatives at the heart of the country’s energy transition and climate mitigation strategy.
Procurement process kicks off for 500 MW Ibri III Solar IPP
In alignment with Oman Vision 2040 and its commitment to Net Zero plans, Nama Power and Water Procurement (PWP), is preparing to initiate a Request for Proposals (RFP) for the Ibri III Solar Independent Power Project (IPP).