Al Wusta a vital regional hub for maritime logistics
The 5th Duqm Forum: Unlocking Investment Opportunities in Al Wusta The 5th Duqm Forum, hosted at the Oman Convention and Exhibition Centre, showcased the transformative investment opportunities in Oman’s Al Wusta Governorate. With a focus on sectors such as the blue economy, food security, logistics, tourism, and renewable energy, the forum highlighted the region’s strategic importance […]
SOHAR Port and Freezone a pioneer in clean energy and hydrogen trade
SOHAR Port and Freezone: Driving Oman’s Clean Energy Transition As the global push for decarbonisation accelerates, ports are emerging as pivotal players in clean energy trade. In Oman, SOHAR Port and Freezone is leading the charge, transforming into a hub for hydrogen production and green energy trade while supporting Oman Vision 2040’s goals for economic diversification and sustainability. […]
Private institutions add RO 8.5 billion in value in Q2 2024
The total added value of private institutions in Oman reached RO 8.528 billion in the second quarter of 2024, according to preliminary figures released by the National Centre for Statistics and Information (NCSI). This reflects the significant contribution of the private sector to Oman’s economic landscape, accounting for 81% of the country’s GDP at current […]
OQEP’s public offering subscribed 2.4 times
The Financial Services Authority (FSA) has approved the allocation ratios for OQ Exploration and Production (QQEP) Company shares after the subscription witnessed the coverage of the volume of offered shares by 2.4 times, with a total share amounting to approximately RO1.814 billion after calculating the share value at 390 baisas. The volume of shares collected […]
Key project cargo begins arriving for Oman polysilicon complex
Project cargo for the world-scale polysilicon production complex currently under construction at Sohar Freezone has been arriving at a rapid pace, underscoring the ambitious timelines for the delivery of this strategically significant venture. United Solar Polysilicon (FZC) SPC, an international green energy enterprise specializing in the solar industry chain, is developing the 100,000 tonnes per […]
SFD delegation visits SEZAD to explore project opportunities
A delegation from the Saudi Fund for Development (SFD) is visiting the Special Economic Zone at Duqm (SEZAD), where they met on Monday, with Sheikh Dr Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), in the presence of Eng Ahmed bin Ali Akaak, CEO of […]
CBO embraces sustainability with Islamic finance initiatives
The Central Bank of Oman (CBO) is stepping up its efforts to integrate sustainability into the country’s financial landscape, with a particular focus on Islamic finance. Speaking at the IFN Oman Forum 2024, Tahir bin Salim al Amri, Executive President of the CBO, outlined several key initiatives aimed at aligning Islamic banking with sustainable development […]
Divestments garner RO 1 billion in revenues over 2022-23: OIA
Having generated over RO 1 billion over the 2022-2023 timeframe through divestments in its subsidiaries and affiliated companies, Oman Investment Authority (OIA) has pledged to press ahead with its divestment strategy over the next five years. In a post, the integrated sovereign wealth fund said the divestment plan over the 2024 – 2028 timeframe envisions […]
Oman’s aquaculture output tops 5,000 tonnes
Aquaculture projects in the Sultanate of Oman, owned and operated predominantly by subsidiaries of the Fisheries Development Oman (FDO) – part of Oman Investment Authority (OIA) – generated over 5,000 tonnes of farmed fisheries and seafood products during 2023, according to a key FDO executive. Sultana al Jardani, Business Intelligence Lead at FDO, said in […]
SEZAD officials confer with AIIB delegation
The Special Economic Zone at Duqm (SEZAD) received on Monday, September 9, 2024, a delegation from the Asian Infrastructure Investment Bank (AIIB). The delegation met with Dr Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), and Eng Ahmed bin Ali Akaak, CEO of SEZAD, along […]
