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.
Read Less

• Oil & Gas

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.
Read Less

• Power
• PPP

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.
Read Less

• Construction

The Ministry of Housing and Urban Planning, Oman signed 8 agreements worth over RO 68 million to develop integ ..Read More

The Ministry of Housing and Urban Planning, Oman signed 8 agreements worth over RO 68 million to develop integrated residential neighborhoods and layouts across various governorates, covering over 1.7 million sqm. Four agreements will deliver 1,300+ housing units with modern amenities in Sur, Sumail, Izki, and Al Buraimi, while four others will develop 1,000+ land plots with infrastructure in Liwa, Bahla, Ibri, and Bidiya. Additionally, four new investment opportunities were launched to develop residential neighborhoods across 1.28 million sqm in North Al Batinah, North A’Sharqiyah, Dhofar, and South Al Batinah.
Read Less

• Construction

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.
Read Less

• Power

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for ..Read More

Hafeet Rail, the Oman-UAE railway project, has awarded contracts to Larson & Toubro (L&T) and Power China for constructing advanced railway logistics facilities in Al Buraimi and Sohar, and to China Railway Rolling Stock Corporation (CRRC) for supplying high-performance freight wagons. These facilities will enhance cargo efficiency, multimodal connectivity, and include provisions for locomotive and wagon maintenance. The project strengthens regional trade competitiveness, unlocks new trade routes, and positions Oman and the UAE as key logistics hubs, aligning with national economic priorities and ensuring long-term operational sustainability.
Read Less

• Construction
• Transport

Oman Electricity Transmission Company (OETC) has broken ground on the Masirah Island interconnection project, ..Read More

Oman Electricity Transmission Company (OETC) has broken ground on the Masirah Island interconnection project, a RO 72 million initiative to enhance electricity transmission and sustainability. The project includes a 132/33 kV Masirah Grid Station, a 25 km subsea cable, 9 km underground cable, and 60 km overhead lines linking Masirah to Mahout. It will reduce carbon emissions by 80,000 tons annually by replacing diesel-based generation, ensuring efficient, cost-effective, and sustainable power. The project supports Oman’s Net-Zero 2050 goal, strengthens infrastructure, and boosts future investments.
Read Less

• Power

EMSTEEL, a leading steel and building materials manufacturer, has partnered with Hafeet Rail Infrastructure LL ..Read More

EMSTEEL, a leading steel and building materials manufacturer, has partnered with Hafeet Rail Infrastructure LLC and Minerals Development Oman (MDO) to optimize raw material transport and enhance cross-border rail connectivity between the UAE and Oman. The partnership secures the transport of 4.2 million tonnes of limestone and red shale annually for 15 years, with an option to extend. EMSTEEL will operate a Rail Transfer Facility in Al Ain, while MDO ensures compliance with quality standards. This initiative aligns with the UAE’s Operation 300bn and Oman’s Vision 2040, promoting sustainability, reducing emissions, and fostering regional economic collaboration.
Read Less

• Transport