Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 ..Read More

Nama Power & Water Procurement Company (PWP), Oman has announced the qualified applicants for the Misfah (1600 MW, OMR 590M) and Duqm (800 MW, OMR 290M) IPP projects, scheduled for commercial operation in Q2 2029. These combined cycle gas turbine plants, totaling 2,400 MW, will be developed under a build-own-operate model with private sector participation. Qualified bidders include firms from Saudi Arabia, South Korea, Japan, Qatar, Singapore, and China.
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• Power
• PPP

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to deve ..Read More

Oman’s Ministry of Transport signed three agreements worth over OMR 258 million (USD 670.16 million) to develop 400 km of the Sultan Said bin Taimour Road (Adam-Haima-Thumrait), enhancing north-south connectivity. The projects, each spanning ~132.5 km and to be completed in 36 months, were awarded to Omani-Saudi consortia. Once completed, the road will be Oman’s longest dual carriageway, boosting transport, logistics, tourism, and economic development.
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• Construction

Mazoon Mining, a subsidiary of Minerals Development Oman, secured RO 104 million (USD 270 million) in financin ..Read More

Mazoon Mining, a subsidiary of Minerals Development Oman, secured RO 104 million (USD 270 million) in financing from regional banks to develop Oman’s largest integrated copper concentrate project in Yanqul, spanning 20 sq. km. The project will produce 115,000 tonnes of copper concentrate annually (21.5% purity) from 22.9 million tonnes of ore. Key contracts were signed with ASYAD, ONEIC, STRABAG Oman, and Lycopodium (Canada), with supply agreements from Metso. The project emphasizes sustainability and aligns with Oman Vision 2040.
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• Construction
• Mining

Oman’s Ministry of Agriculture, Fisheries and Water Resources inaugurated the RO 23 million Wadi Anaar Dam i ..Read More

Oman’s Ministry of Agriculture, Fisheries and Water Resources inaugurated the RO 23 million Wadi Anaar Dam in Salalah, Dhofar, to enhance flood protection and water security by capturing runoff from nearby mountains. The dam features advanced smart monitoring systems, seismic sensors, surveillance cameras, and remotely controlled automatic gates for real-time water flow management. The opening ceremony was overseen by the Minister of Labour, Dr. Mahad Said Ba’owain.
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• Construction

ENGIE has successfully revived the Sohar 1 Power and Desalination Plant in Oman by signing a new Power Purchas ..Read More

ENGIE has successfully revived the Sohar 1 Power and Desalination Plant in Oman by signing a new Power Purchase Agreement (PPA) in October 2024, following a debt restructuring. The plant, originally a 585 MW CCGT and 150,000 m³/day desalination facility, will now operate with 405 MW Open Cycle Gas Turbine (OCGT) capacity. It achieved Commercial Operation Date (COD) on March 28, 2025.
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• Power
• Water

Oman's ITHCA Group has signed an investment agreement with U.S.-based Lumotive to support advancements in prog ..Read More

Oman's ITHCA Group has signed an investment agreement with U.S.-based Lumotive to support advancements in programmable and optical semiconductors. The partnership aligns with Oman’s Vision 2040 to become a regional tech hub and promote digital transformation. Lumotive, a recognized innovator with CES Innovation Awards, will bolster Oman’s semiconductor ambitions through this strategic collaboration.
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• Manufacturing

SOHAR Port and Freezone has initiated the construction phase of the MARSA LNG project, a USD 1.6 billion joint ..Read More

SOHAR Port and Freezone has initiated the construction phase of the MARSA LNG project, a USD 1.6 billion joint venture between TotalEnergies and OQ Oman, by signing three key contracts with WSP, Boskalis, and Six Construct for consultancy, dredging, and LNG jetty construction. The project, powered entirely by a 300MW solar plant, will be the Middle East’s first LNG bunkering hub producing one million metric tons annually, supporting Oman’s Vision 2040 and carbon neutrality goals. Completion timelines range from September 2025 for dredging to 16 months for jetty construction.
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• Construction

Dar Global and The Trump Organization have launched the Trump International Hotel & Tower, Dubai, the Middle E ..Read More

Dar Global and The Trump Organization have launched the Trump International Hotel & Tower, Dubai, the Middle East’s first Trump-branded luxury development, rising 350m with 80 floors along Sheikh Zayed Road. The project offers exclusive residential and hospitality amenities, including private lounges, the highest outdoor pool globally, and two penthouses with sky pools inspired by Trump Tower New York. This marks their fifth collaboration, following successful projects in Saudi Arabia and Oman, reinforcing confidence in the region’s real estate and tourism growth.
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• Construction