Asyad Group plans to sell at least 20% of shipping unit via IPO

Asyad Group SAOC (“Asyad Group”), a prominent global integrated logistics provider, today announced its intention to offer at least 20% of the issued share capital in Asyad Shipping Company SAOG (under transformation) (“Asyad Shipping” or “ASC” or “the Company”), one of the world’s largest diversified maritime shipping companies, through an Initial Public Offering (“IPO” or […]
Madayn launches incentives in Al Mazunah Free Zone

The Public Establishment for Industrial Estates (Madayn) has announced a new package of incentives aimed at strengthening the investment climate in Al Mazunah Free Zone. The announcement, made during the Al Mazunah Economic Forum and Exhibition, is part of efforts to attract fresh investments and foster economic growth in Oman. Eng. Ahmed bin Khamis al […]
Vale Oman targets switch to renewable power by 2030

Brazilian mining giant Vale says its iron ore pelletising plant at Sohar Port will be powered by renewable electricity by 2030, in line with a commitment by the parent organization to decarbonisation its operations globally. According to Nasser al Azri, CEO – Vale in Oman, the switch to green energy for the production of iron […]
SOHAR unveils $1.7 billion investment plan

Building on a record-breaking year for 2024, SOHAR Port and Freezone (SOHAR) unveiled an ambitious five-year strategy to strengthen its position as a regional leader in logistics and industry. Speaking at the annual Business Reception, CEO Emile Hoogsteden highlighted plans focused on investment, sustainability, and innovation, aligning with Oman Vision 2040. Hoogsteden emphasised SOHAR’s commitment […]