GS Inima has signed a Power Purchase Agreement (PPA) for the 6.5 MWp Barka 5 Photovoltaic (PV) Plant in Oman, ..Read More

GS Inima has signed a Power Purchase Agreement (PPA) for the 6.5 MWp Barka 5 Photovoltaic (PV) Plant in Oman, aimed at integrating renewable energy into its desalination operations. Construction will begin soon, with the plant expected to be operational by Q1 2026, supplying 11% of the facility's electricity needs until June 30, 2044. This initiative highlights GS Inima’s commitment to reducing its carbon footprint and enhancing sustainability in water treatment.
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• Power
• PPP

OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPS ..Read More

OQ Exploration & Production SAOG (OQEP), Oman, has signed an Exploration and Production Sharing Agreement (EPSA) for Block-54 with the Ministry of Energy and Minerals of Oman. OQEP will hold a 60% interest and operate the block, while Genel Energy will hold the remaining 40%. A Joint Operating Agreement (JOA) has been formalized, and the agreements will take effect once ratified by a Royal Decree. The block is currently under exploration with geological studies, seismic surveys, and exploratory drilling.
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• Oil & Gas

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has invited bids for consultancy se ..Read More

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) has invited bids for consultancy services to develop a cold chains integrated economic cluster at the Special Economic Zone in Duqm. Tender documents can be purchased until March 18, 2025, with bid submissions due by April 17, 2025, via the Isnad platform. The project aims to enhance cold chain infrastructure, boost Omani export competitiveness, and improve storage and distribution of perishable goods like food and pharmaceuticals, reducing waste and ensuring better quality.
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• Construction

Khimji Ramdas LLC and JV partner Archimedes Marine Engineering & Contracting LLC signed a OMR 28 million agree ..Read More

Khimji Ramdas LLC and JV partner Archimedes Marine Engineering & Contracting LLC signed a OMR 28 million agreement with Oman's Ministry of Agricultural, Fisheries Wealth, and Water Resources to develop a Multipurpose Fishery Port in Masirah, South Al Sharqiyah. The project includes a 4,172m breakwater, port basin deepening (5.0–7.0m), 1,100m skiff beach, and 13 floating pontoons for skiff boat and yacht berthing. The agreement was signed in the presence of government officials and company executives.
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• Construction

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