Oman sees surge in foreign direct investment

Apr 11, 2022 The Ministry of Commerce, Industry, and Investment Promotion (MOCIIP) held its annual media meeting on Monday and reviewed the achievements of the last year…. Read more on: https://www.omanobserver.om/article/1117567/business/economy/oman-sees-surge-in-foreign-direct-investment

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$1 bn Yiti Sustainable City set for 2025 completion

New landmark: The project will feature 1,657 eco-friendly and energy-efficient residential units including 300 villas. March 30 Oman Tourism Development Company (OMRAN Group) celebrated on Wednesday the launch of ‘The Sustainable City – Yiti’ in partnership with Diamond Developers – the leading company in developing sustainable communities. With an investment…

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MSX to allow full foreign ownership in listed companies

In a move to attract more international investors and foreign capital inflows into the country, the Muscat Stock Exchange (MSX) plans to allow 100 per cent full foreign ownership in joint stock companies, according to a tweet from the Muscat bourse. https://www.omanobserver.om/article/1116910/business/markets/msx-to-allow-full-foreign-ownership-in-listed-companies

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Oman holds potential for alternative energy: Study

Solar, tidal and wind energy resources can be the best alternatives to fossil fuel in future in the Sultanate of Oman, and experts called for an advanced Wind Energy Center in Duqm, according to a study conducted by the Sultan Qaboos University (SQU)…. Read more on: https://www.omanobserver.om/article/1114158/oman/oman-holds-potential-for-alternative-energy-study

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RO 155m mega solar project opens

IBRI: Ibri Solar Project, the largest renewable energy facility of its kind in the Sultanate of Oman, was inaugurated in the Wilayat of Ibri on Monday…. Read more on: https://www.omanobserver.om/article/1113209/oman/ro-155m-mega-solar-project-opens

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Nation’s Biggest petrochemical project launched

MUSCAT: His Highness Sayyid Asaad bin Tarik al Said, Deputy Prime Minister for Relations and International Cooperation and the Special Representative of His Majesty the Sultan, presided over the launch of the RO 2.7 billion Liwa Plastics mega project of OQ, the global integrated energy group of the Sultanate of…

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