Muscat: The Public Authority for Special Economic Zones and Free Zones (Opaz) and Asyad Group signed a momentous concession agreement to kick off the development of the highly anticipated Muscat International Airport Free Zone.
Hydrogen-powered cars to make Oman debut at GHSO 2023
MUSCAT: A convoy of hydrogen-powered SUVs — showcasing BMW’s groundbreaking iX5 Hydrogen model — arrives in Muscat this week, en route from COP28 in Dubai, to mark the start of the Green Hydrogen Summit Oman (GHSO) 2023, at the Oman Convention and Exhibition Centre from December 12, 2023.
Moody’s upgrades Oman’s credit rating to Ba1 with stable outlook
MUSCAT: International ratings agency Moody’s has raised Oman’s credit rating for the second time in a row from Ba1, up from Ba1, and revise the outlook to ‘stable’, from ‘positive’.
Oman’s next big 1000 MW solar project planned for launch in 2029
MUSCAT: Nama Power & Water Procurement Company (Nama PWP), the sole buyer of power and water output in the Sultanate of Oman, has identified for procurement a new large-scale solar PV based Independent Power Project (IPP) with a launch date penciled in for 2029.
Manah-1 solar project secures $301m in funding
MUSCAT: A trio of international financial institutions has come together to provide $301.8 million in project finance towards the construction of a 500 MW capacity solar PV project currently in the initial stages of development at Manah in Oman’s Al Dakhiliyah Governorate.
5-year fisheries investment strategy unveiled in Oman
MUSCAT: The Ministry of Agriculture, Fisheries, and Water Resources (MAFWR) has rolled out a strategic plan, offering lucrative investment openings for the management and operation of fish markets in the Sultanate of Oman.
State-of-the-art shrimp farm project launched
MUSCAT: Fisheries Development Oman (FDO) – part of Oman Investment Authority (OIA) – celebrated on Thursday, December 7, 2023, the formal opening of a major shrimp farming project at Al Khuwaymah in Jalan Bani Bu Ali Wilayat.
Korea forum to build on strategic green energy ties with Oman
MUSCAT: South Korea is hosting a key hydrogen forum in Muscat on December 12, 2023 that seeks to capitalize on commitments by a number of Korean firms to participate in Oman’s massive green hydrogen production industry.
Oman’s hydrogen economy for 380,000 jobs by 2050
MUSCAT : The Sultanate of Oman’s long-term strategy to develop a hydrogen-centric economy has the potential to create anywhere between 291,000 and 381,000 employment opportunities by 2050, according to a new report published this week.
Proposed Duqm-Riyadh rail link to integrate Al Dhahirah Zone
MUSCAT: A proposed rail link being weighed between the industrial hub of Duqm on Oman’s southeastern coast and the Saudi capital Riyadh is envisioned to also connect a major economic zone currently in the early stages of development in the Sultanate of Oman’s Al Dhahirah Governorate.