Asyad Group, the global integrated logistics provider of the Sultanate of Oman, announced the closing of a strategic transaction to acquire a controlling stake in key logistics platforms in Uzbekistan, marking its direct entry into Central Asia’s fastest-growing logistics market.     The transaction, executed in partnership with Orient Group and Uzbek-Oman Investment Company (UzOman),...

The Oman Chamber of Commerce and Industry (OCCI), represented by its Transport and Logistics Committee, in cooperation with the Ministry of Transport, Communications and Information Technology, organized a workshop entitled “Enhancing competitiveness in the transport and logistics sector.” The workshop aimed to highlight the Sultanate of Oman’s efforts in developing the sector’s infrastructure, review available...

Oman has secured a major investment in the fast-growing global battery supply chain with the launch of a $ 1 billion project to produce lithium-ion battery anode materials in Sohar Freezone. The project, led by China’s Zhongke Electric through its subsidiary Zhongke Shenzhen (Hong Kong), marks the establishment of one of the company’s largest overseas...

The Ministry of Commerce, Industry and Investment Promotion has unveiled a new package of investment opportunities backed by guaranteed purchase agreements, a move designed to reduce investor risk and improve the bankability of projects across key sectors. Under the initiative, local and international investors will have access to projects supported by pre-arranged commitments from buyers...

Oman is stepping up investment in transport, ports and digital infrastructure as it moves into the next phase of its long-term economic diversification drive, with more than RO1.2 billion ($3.1 billion) in road projects and a target to raise the digital economy’s direct contribution to GDP to RO1.5 billion by 2030.  The plans were outlined...