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Welcome to our Resource Center, your hub for the latest insights and updates in the MENA region. Explore our collection of blogs, discover funding deals, stay informed on government initiatives, and keep up with key business conferences

Government Initiative in Oman

Read about all the government initiative in Oman

Oman

  •  April 23, 2025

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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Oman

  •  April 22, 2025

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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Bahrain

  •  April 21, 2025

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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Oman

  •  April 16, 2025

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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Oman

  •  April 13, 2025

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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Oman

  •  April 13, 2025

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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Oman

  •  April 07, 2025

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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Oman

  •  March 30, 2025

Nama Power & Water Procurement Company (PWP), Oman, has announced the list of applicants for the development o ..Read More

Nama Power & Water Procurement Company (PWP), Oman, has announced the list of applicants for the development of Misfah IPP in Muscat and Duqm IPP in Al Wusta. The two combined cycle gas turbine power plants, with a total capacity of 2,400 MW, will be developed in partnership with the private sector. Notable applicants include ACWA Power, Marubeni Corporation, Sumitomo Corporation, and Samsung C&T. The projects, issued under a build-own-operate model, follow PWP’s December 2024 Expression of Interest to enhance Oman’s energy security and sustainability.
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