ICC to draft new building codes for Oman
In a significant move aimed at enhancing building safety and construction standards in the Sultanate of Oman, the International Code Council (ICC) has signed a contract with the Ministry of Housing and Urban Planning (MoHUP) to develop a series of six comprehensive building codes. Leveraging ICC’s renowned expertise in crafting and implementing building codes […]
Nama Water Services unveils prepaid water metre service
In a landmark move for Oman’s water services sector, Nama Water Services unveiled a prepaid water metre service, a groundbreaking initiative in the water services sector for the GCC countries, and the first in the Middle East to utilise cutting-edge technology. The unveiling took place during a recent press conference held Grand Hormuz Hotel on […]
Tender floated for Muscat Airport Free Zone infra works
Asyad Group, Oman’s global integrated logistics provider, launched a tender for the construction of phase one infrastructure for the highly anticipated Muscat International Airport Free Zone. This invitation extends to all private entities, offering an opportunity to participate in a vital logistics project that supports the Sultanate of Oman’s economic growth. In line with […]
Omantel Group records 9.7% rise in 2023 revenues
Omantel Group has posted a 9.7% increase in revenue to RO 2.942 billion at the end of 2023, up from RO 2.682 billion in 2022. The Group’s net profit grew by 13.1% from RO 278.9 million in 2022 to RO 315.5 million at the end of year 2023. Net profit attributable to shareholders (after excluding […]
Oman LNG signs MoU to reduce carbon emissions and produce synthetic methane
Oman LNG signed yesterday a memorandum of understanding with the Japanese companies, Hitachi Zosen and Hitachi Innova, related to providing the necessary consultations for the project to reduce carbon emissions and produce synthetic methane. This step confirms the aspirations of the Oman LNG towards finding the best mechanisms and ways to regulate carbon emissions […]
Oman breaks ground for RO 520 million polysilicon factory in Sohar Freezone
United Solar Holding Inc recently broke ground on a groundbreaking polysilicon factory project in SOHAR Port and Freezone, marking a significant investment exceeding RO 520 million ($1.3 billion). Expected to have an annual production capacity of 100,000 tonnes, this project is set to be the largest of its kind in the Middle East and […]
12 usufruct contracts signed in agriculture, industrial sectors
The Ministry of Housing and Urban Planning (MUHP) has signed 12 usufruct contracts in the agricultural and industrial sectors worth RO2.6 million. The agreement, part of a collaborative effort between MHUP, the Ministry of Agriculture, Fisheries and Water Resources, and Riyada, will support economic diversification and financial sustainability in Oman’s agricultural and industrial […]
OPAZ eyes expansion of Salalah FZ, Raysut Industrial City to meet investor demand
Dr Ali Masoud al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), underscored the government’s unwavering commitment to cultivating an alluring investment landscape that caters to the diverse needs of new investors. Responding to media queries from Oman Observer, Dr. Al Sunaidi said the Authority has sought additional […]
