Nama Water Services Company, Oman, signed four agreements for strategic water sector projects, including water ..Read More

Nama Water Services Company, Oman, signed four agreements for strategic water sector projects, including water distribution networks in Ibri, Yanqul, Dhank, Samail, and Izki, and wastewater networks in Al Ansab, Muscat. The company is implementing 27 projects worth over RO 700 million, enhancing water coverage to 72.80% and benefiting 937,970 people. Key initiatives include water transmission projects linking desalination plants in Sohar, Barka, and various governorates. The Omanization initiative created 885 jobs, raising local employment in sector companies to 84%.
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• Water

Oman’s Ministry of Agriculture, Fisheries and Water Resources inaugurated the Wadi Al Jifnain Dam in A’See ..Read More

Oman’s Ministry of Agriculture, Fisheries and Water Resources inaugurated the Wadi Al Jifnain Dam in A’Seeb, under the patronage of HH Sayyid Harib bin Thuwaini Al Said. The RO 45.6 million project, completed in three years, is part of Oman’s 200-dam network, aimed at flood protection and groundwater recharge. It safeguards Al Khoudh, Al Hail, and Al Mawaleh using advanced hydrological technologies like flexible concrete structures and water monitoring systems, ensuring resilience and sustainability.
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• Construction

SOHAR Port and Freezone has commenced dredging operations for the $1.6 billion Marsa LNG project, aiming to po ..Read More

SOHAR Port and Freezone has commenced dredging operations for the $1.6 billion Marsa LNG project, aiming to position SOHAR as the Middle East’s first LNG bunkering hub. Led by Boskalis’ advanced dredgers, the operation will remove 4 million cubic meters of material to develop key maritime infrastructure, ensuring completion by September 2025. Marsa LNG will produce 1 million metric tons of LNG annually, powered by a 300 MW solar plant, supporting Oman’s carbon neutrality goal by 2050 and reinforcing SOHAR’s role in sustainable maritime growth and global trade.
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• Oil & Gas

Oman Environmental Services Holding Company (Be’ah) signed a RO 51 million financing agreement with Ahli Isl ..Read More

Oman Environmental Services Holding Company (Be’ah) signed a RO 51 million financing agreement with Ahli Islamic Bank to implement Phase 2 of the industrial waste treatment facility in Sohar Freezone. This phase includes developing hazardous waste treatment stations, enhancing chemical and physical treatment technologies, and establishing facilities for managing used oils and toxic waste. The project aligns with Oman Vision 2040 by boosting the national economy, generating jobs, supporting industrial projects, and contributing to sustainability and the circular economy.
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• Finance

Oman LNG signed a 10-year Sale and Purchase Agreement (SPA) with Switzerland-based Mercuria to supply 800,000 ..Read More

Oman LNG signed a 10-year Sale and Purchase Agreement (SPA) with Switzerland-based Mercuria to supply 800,000 metric tonnes of LNG annually on a Free on Board (FOB) basis, starting in April 2025. This partnership reinforces Oman LNG’s role in ensuring reliable global energy supplies and supports Oman’s economic growth. The agreement also strengthens Mercuria’s position in the LNG trading sector, enhancing its ability to meet rising global energy demands.
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• Oil & Gas

OPAZ, Oman, has launched the third package tender for developing the Economic Zone at Al Dhahira (EZAD), cover ..Read More

OPAZ, Oman, has launched the third package tender for developing the Economic Zone at Al Dhahira (EZAD), covering the construction of dry port facilities and a veterinary quarantine. The 4 sq. km dry port, operated by Asyad Group, is key to enhancing trade between Oman and Saudi Arabia. The tender, closing on April 17, includes civil, mechanical, and electrical works, with Phase 1 covering 1 sq. km. The total EZAD area is 388 sq. km, strategically located 20 km from the Rub Al-Khali border, aiming to boost economic diversification and trade.
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• Construction

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in A ..Read More

Nama Power & Water Procurement, Oman, has announced the bidders for the 500 MW Ibri III Solar IPP project in Al Dhahirah, with an estimated investment of OMR 155 million. Notable bidders include Masdar, ACWA Power, TotalEnergies, EDF Renouvelables, and Sembcorp Utilities. The project aligns with Oman’s strategy to diversify energy resources and will follow the established IPP model. The scheduled commercial operation date is Q1 2027.
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• Power
• PPP

The GCC Interconnection Authority (GCCIA) and the Qatar Fund for Development (QFFD) have signed a $100 million ..Read More

The GCC Interconnection Authority (GCCIA) and the Qatar Fund for Development (QFFD) have signed a $100 million financing agreement for a $700 million direct grid connection project linking the GCCIA network with Oman. The project includes 530 km of 400 kV transmission lines, two substations (Ibri & Al Baynunah), and a dynamic compensator station, providing 1,700 MW transmission capacity. This initiative enhances regional energy integration, reduces power costs, increases grid reliability, and supports carbon emission reduction, aligning with sustainability and energy security goals in the GCC.
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• Power