GameChange Solar will supply its Genius Tracker™ 1P Single Row system for a 450 MWp solar project by ACME Gr ..Read More

GameChange Solar will supply its Genius Tracker™ 1P Single Row system for a 450 MWp solar project by ACME Greentech Ventures in Duqm, Oman, supporting one of the world’s largest green hydrogen and ammonia facilities. The multi-phase Green Ammonia Project spans 92 sq km and targets 0.9 million tonnes of green ammonia annually upon completion. The trackers are built to endure harsh conditions, aiding Oman’s clean energy transition and hydrogen goals.
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• Hydrogen
• Power

Arctech has signed a strategic contract with India’s ACME Cleantech Solutions to supply 175 MWp of solar tra ..Read More

Arctech has signed a strategic contract with India’s ACME Cleantech Solutions to supply 175 MWp of solar trackers for a 300 MTPD Green Ammonia Project in Duqm, Oman. Using its Skyline II Single Axis Solar Tracking System, Arctech will deliver systems from July 2025 to withstand the region’s extreme coastal desert conditions. The project supports Oman’s clean energy ambitions and integrates solar PV with green hydrogen production, advancing industrial decarbonization.
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• Hydrogen
• Power

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwa ..Read More

ADNOC Drilling, UAE, signed an agreement to acquire a 70% stake in SLB’s land drilling rigs business in Kuwait and Oman, covering eight operational rigs under long-term contracts with national oil companies. This acquisition will accelerate ADNOC Drilling’s expansion in the GCC, enhancing its technological capabilities and operational efficiency. The transaction is subject to regulatory approvals, expected to close by Q1 2026, with full consolidation planned for 2026.
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• Oil & Gas

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazi ..Read More

Hafeet Rail, the developer of the Oman-UAE cross-border railway, has signed a cooperation agreement with Brazil’s Itaminas, aiming to establish an integrated iron ore shipping system. The deal will leverage Sohar Port's advanced facilities and the Hafeet Rail network to enhance supply chain efficiency for the iron and steel industry. Itaminas, with a production capacity of 6.5 million tons (expandable to 15.5 million tons) annually, plans to export to the Middle East and explore setting up parts of its value chain in the GCC. Construction of the railway is actively underway.
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• Transport

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Om ..Read More

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mahdah Development Company (an Omani-UAE partnership led by DP World) signed a 50-year agreement to develop the first phase of the Al Rawdha Special Economic Zone in Mahdah, Al Buraimi. Spanning 14 sq km initially (expandable to 25 sq km), the zone will focus on sectors like manufacturing, logistics, pharmaceuticals, mining, and food industries. It will benefit from incentives like 100% foreign ownership, customs exemptions, and one-stop-shop services. First-phase investments are estimated at $2 billion, and construction starts next week.
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• Construction
• Manufacturing

Oman’s Ministry of Heritage and Tourism has signed three usufruct contracts worth over OMR 56 million to dev ..Read More

Oman’s Ministry of Heritage and Tourism has signed three usufruct contracts worth over OMR 56 million to develop major tourism projects aimed at boosting the country's travel and leisure sector. The first project, in Wadi Al Shab (Sur), is in collaboration with OMRAN Group and will feature an adventure park with zip lines, hiking trails, swimming areas, and cafés. The second project, Sandan – Khasab Pearl in Khasab, is being developed with Khasab Development & Investment Company and includes a 4-star hotel with 200 rooms and 450 residential units. The third initiative, Hamyan Village in Nakhl, is a partnership with Hamyan Investment & Project Development Company, and will include a 4-star hotel with 156 rooms, 535 residential units, a traditional market, and a water park. These projects are aligned with Oman’s strategy to promote tourism and are open to foreign ownership.
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• Construction
• Tourism

NMDC LTS, a logistics and technical services arm of NMDC Group, signed an MoU with China-based Jiangsu Huaying ..Read More

NMDC LTS, a logistics and technical services arm of NMDC Group, signed an MoU with China-based Jiangsu Huaying Valves Co. Ltd at the Make it in the Emirates (MIITE) forum to explore a joint venture for a valve assembly and distribution facility in the UAE, targeting the energy sector. The collaboration leverages NMDC’s regional expertise and aligns with UAE’s industrial growth goals, with NMDC also active in Saudi Arabia, Oman, Taiwan, and Vietnam.
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• Construction

Investcorp’s infrastructure platform, through its joint venture AIIP with Aberdeen plc, will invest in a $55 ..Read More

Investcorp’s infrastructure platform, through its joint venture AIIP with Aberdeen plc, will invest in a $550 million marine infrastructure project at the Port of Duqm, Oman, alongside CAP INFRA (Port of Duqm Company, DEME Group, and Port of Antwerp Bruges). This marks AIIP’s fourth investment, supporting a green steel plant within Duqm’s Special Economic Zone. The project aligns with Oman’s Vision 2040 and was secured through a competitive bidding process.
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• Construction