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

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

Mawarid Turbine Company is launching a $200M wind turbine manufacturing facility in Duqm SEZ, Oman, with a 1,0 ..Read More

Mawarid Turbine Company is launching a $200M wind turbine manufacturing facility in Duqm SEZ, Oman, with a 1,000 MW annual capacity and production starting mid-2026. The plant will produce 6.25 MW and 9.6 MW turbines, create around 1,080 jobs, and support Oman’s renewable energy goals. Strategic agreements were signed with Shanghai Electric for technology transfer, CID (Gulf) for factory design, and OQ Group for further expansion. A MoC was also signed to train 350 Omanis for roles in the sector.
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• Construction
• Power

Mawarid Turbine Company is launching a wind turbine manufacturing facility in Duqm’s Special Economic Zone, ..Read More

Mawarid Turbine Company is launching a wind turbine manufacturing facility in Duqm’s Special Economic Zone, Oman, with an annual capacity of 1,000 MW and over $200 million invested in Phase I. Set to begin operations in 2026, the plant will produce 6.25 MW and 9.6 MW turbines, creating 1,080 jobs and supporting Oman’s clean energy ambitions. Strategic agreements with Shanghai Electric and CID (Gulf) will enable tech transfer, design, and supply for pilot wind farms. A MoU with the Ministry of Labour and APSR aims to train 350 Omani job seekers for roles in the renewable energy sector.
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• Construction
• Power

Wood has secured a three-year reimbursable contract to provide specialist technical support to Petroleum Devel ..Read More

Wood has secured a three-year reimbursable contract to provide specialist technical support to Petroleum Development Oman (PDO), involving 65 engineering and project management experts—mainly Omani nationals—working on front-end energy transition and carbon capture projects. The team will be integrated into PDO’s FEED office and supported by Wood’s global expertise. This contract adds to Wood’s strong regional growth, following $920 million in contract awards across the Middle East in 2024.
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• Oil & Gas