NMDC Group, UAE has signed a contract valued at AED 383 million (USD 104.2 million) to construct a marina proj ..Read More

NMDC Group, UAE has signed a contract valued at AED 383 million (USD 104.2 million) to construct a marina project in Oman. The scope includes complete execution of marina works, with the project scheduled for completion in 15 months. The contract reflects NMDC’s continued regional expansion in marine infrastructure.
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• Construction

National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million ..Read More

National Energy Services Reunited Corp. (NESR) has secured five-year Slickline contracts worth US$200 million in Kuwait and Oman, expanding its Drilling & Evaluation (D&E) segment across the MENA region. These new awards mark NESR’s entry into Slickline services in both countries, building on existing strengths in Saudi Arabia and Egypt. The move supports NESR’s “portfolio pull through” strategy and reinforces its position among the top three regional providers of evaluation services.
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• Oil & Gas

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation ..Read More

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a Memorandum of Cooperation with OQ Alternative Energy to implement an Energy Excellence Programme aimed at achieving net-zero emissions by 2050. The MoC includes support for energy efficiency assessments, decarbonisation initiatives, ISO 50001 certification, and the development of an energy strategy. The initiative aligns with Oman Vision 2040 and supports sustainability efforts across economic zones, free zones, and industrial cities.
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• Manufacturing
• Power

Nama Power and Water Procurement Company (PWP), Oman’s sole power and water procurer, has invited bids for t ..Read More

Nama Power and Water Procurement Company (PWP), Oman’s sole power and water procurer, has invited bids for techno-economic consultancy services for a Hot Springs Geothermal Project. The project supports Oman Vision 2040, fuel diversification, and Net-Zero targets. The selected consultant will assess geothermal feasibility in areas between Wilayat Fanja and Al Ansab (Wilayat Bousher) as Phase I. Bid submissions are due by 22 May 2025.
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• Power

SOHAR Port and Freezone in Oman is investing USD $23 million in expanding its freezone area to meet growing de ..Read More

SOHAR Port and Freezone in Oman is investing USD $23 million in expanding its freezone area to meet growing demand, covering 500 hectares of leasable land with extensive infrastructure, including roads, flood protection, and a security fence. The expansion is supported by the new Law of Special Economic Zones and Free Zones, making Oman more competitive for foreign investment. The project aligns with Oman’s Vision 2040 and aims to foster economic growth, attract global investments, and boost industrial and logistical capabilities.
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• Transport

Shanghai Electric has signed two major cooperation agreements in the Middle East, marking a significant step i ..Read More

Shanghai Electric has signed two major cooperation agreements in the Middle East, marking a significant step in advancing the region’s energy transformation. The agreements include a 2-gigawatt photovoltaic project with Masdar in Saudi Arabia, which is Shanghai Electric’s largest solar EPC project globally, and a wind power collaboration with Oman’s Mawarid Group. The projects align with Saudi Arabia’s Vision 2030 and Oman’s Vision 2040, promoting localized manufacturing and technology exports while contributing to sustainable energy growth.
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• Power

BAPCO Upstream W.L.L, Bahrain, has received proposals from six companies for Directional Drilling and Logging ..Read More

BAPCO Upstream W.L.L, Bahrain, has received proposals from six companies for Directional Drilling and Logging While Drilling services to support its drilling program. The bids range from BHD 24.54 million (Rukun Al Yaqeen International) to BHD 53.24 million (Baker Hughes), with Schlumberger submitting two options. The scope includes supply of equipment, materials, and personnel, with flexibility for BAPCO to adjust service levels based on its drilling needs
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• Oil & Gas

OQ and Royal Vopak have signed an exclusive partnership framework agreement to develop industrial and energy t ..Read More

OQ and Royal Vopak have signed an exclusive partnership framework agreement to develop industrial and energy terminal infrastructure in the Special Economic Zone at Duqm (SEZAD), Oman. The alliance aims to support Duqm’s emergence as a global energy hub, attract international investment, create jobs, and advance sustainable energy transition facilities. The collaboration leverages Vopak’s global expertise and aligns with Oman Vision 2040 to strengthen energy infrastructure and global connectivity.
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• Oil & Gas