The South Sharqiyah Governorate is proceeding with the implementation of a package of waterfront projects, representing one of the most prominent development investments in the governorate during 2026. The development come within the framework of administrative and financial decentralization and the transformation of governorates into economic hubs capable of leveraging their competitive advantages. According to […]
MUSCAT: The United Nations Industrial Development Organization (UNIDO) has identified Oman as one of the Middle East’s most promising emerging industrial economies, highlighting Oman’s efforts to leverage its clean energy transition to build a globally competitive manufacturing base centred on photovoltaic (PV) technologies rather than remaining solely a consumer of renewable energy equipment. In its […]
Al Wusta Governorate is strengthening investment across fisheries, ports, logistics and tourism as part of efforts to develop its blue economy and support Oman’s economic diversification strategy, according to the Ministry of Agriculture, Fisheries and Water Resources. The governorate is leveraging its extensive coastline, abundant marine resources and strategic location to build an integrated maritime […]
MUSCAT: Oman’s ambitious pipeline of smart cities and urban development projects is expected to create demand for around 6.7 gigawatts (GW) of additional power generation capacity over the long term, requiring major expansion and modernisation of the Sultanate of Oman’s electricity transmission infrastructure, according to Oman Electricity Transmission Company (OETC). The majority state-owned grid operator […]
MUSCAT: Oman’s salt industry is entering a new phase of industrial development, supported by investments exceeding $1 billion and a growing focus on value-added manufacturing that could transform one of the country’s oldest natural resources into a significant contributor to economic diversification. The Ministry of Energy and Minerals said the sector is moving beyond traditional […]
MUSCAT, JAN 5 Oman’s 2026 State General Budget may be judged less by its headline deficit and more by whether it can convert improving investor confidence into steady non-oil growth, as indicators tracked by leading brokerage firm United Securities show stronger banking activity, a sharp recovery in the Muscat Stock Exchange and rising foreign direct […]
MUSCAT, JUNE 9 Future Fund Oman (FFO), a key investment arm of Oman Investment Authority (OIA), has unveiled a new portfolio of 105 strategic projects and investments worth RO 583 million, reinforcing the Sultanate of Oman’s drive to diversify its economy, attract foreign capital and strengthen private sector participation. The newly announced portfolio includes RO […]
MUSCAT: The Board of Directors of Bank Nizwa has recently announced the appointment of Tariq Atiq as Chief Executive Officer of the bank. This appointment underscores the bank’s continued commitment to empowering Omani talent, reinforcing leadership continuity and driving long-term strategic growth. It also reflects Bank Nizwa’s vision of building a future-ready leadership team capable […]
