News

Oman promotes investment in green energy sector

Oman Investment Authority (OIA) recently hosted the Renewable Energy Conference to present green energy investment opportunities to the international market.

The conference was jointly organised by the Ministry of Commerce, Industry & Investment Promotion (MoCIIP) in cooperation with the Ministry of Foreign Affairs represented by the Embassy in London,...

01/09/22

Oman’s Ibri Industrial City attracts new projects

Madayn, Oman’s Public Establishment for Industrial Estates, has announced the Ibri Industrial City project completion rate has surpassed 27%.

Phase one of the project is being developed in the Wilayat of Ibri in Al Dhahirah governorate on an area of 3 million square metres. It incorporates road works, services networks including rain and sewage, telecommunications networks and wadi protection...

25/08/22

Oman plans smart cities in Suhar, Nizwa and Salalah

The Sultanate of Oman`s Ministry of Housing & Urban Planning has launched an innovative initiative to develop three smart cities in different parts of the country.

It has invited international urban engineering consultancy firms to tender for the design and construction of the smart cities in Suhar, Nizwa and Salalah.

The initiative is known as the landmark Oman National Spatial Strategy (ONSS)...

18/08/22

Key enablers to ramp up Oman’s attractiveness

The Sultanate of Oman is introducing a wide range of innovative incentives to attract foreign direct investment and to boost exports to third countries in the region and beyond.

There are 135 new initiatives considered as “powerful investment and economic enablers”. They were introduced as part of the National Program for Investment Export Development (Nazdaher), which is a key part of the [country`s...

11/08/22

Madayn to develop waste-to-hydrogen plan in Oman

Oman’s Public Establishment for Industrial Estates (Madayn) and H2 Industries recently signed a memorandum of understanding (MoU) to develop a waste-to-hydrogen plant.

The OMR 540 million (USD 1.4 billion) plant will be built on a 200,000 square metre coastal site. The project also includes the construction of a 300 MW base load capable PV solar...

04/08/22

Oman Investment Authority presents priorities

Oman Investment Authority (OIA) operated businesses will invest OMR 6.7 billion (USD 17.4 billion) in projects over the next five years.

The sovereign wealth fund anticipates returns of OMR 2.6 billion (USD 6.8 billion) during this period. It seeks to achieve the priorities of Oman’s Vision 2040 by focussing on economic diversification, empowering...

28/07/22

Sohar Freezone with new incentives for more tenants

Sohar Freezone has introduced new incentives to attract more international investors and create additional jobs in line with the Oman Vision 2040.

The incentives allow new businesses to register online for a Sohar General Trade License (GTL) and secure all permits through its one-stop-shop. Furthermore, it is offering a 50% discount on GTLs for one to three years. Investors also enjoy 0% personal...

07/07/22

Oman’s Madayn launches incubator at Sur Industrial City

The Public Establishment for Industrial Estates also known as Madayn recently launched the Sur Oasis Incubator at Sur Industrial City in Al Sharqiyah governate.

The Sur Oasis incubator is represented by the Industrial Innovation Academy in collaboration with Oman Liquid Natural Gas (LNG). It aims to attract innovators, entrepreneurs, start-ups...

30/06/22

More industrial lands available in Oman’s Port of Duqm

Oman`s Special Economic Zone at Duqm (Sezad) announced that land is now available as part of its industrial project masterplan.

Sezad offers land to attract commercial, tourism, industrial and renewable energy projects among others. It is the largest Special Economic Zone in the Middle East and North Africa, covering an area of 2,000 square kilometers.

The levelling...

23/06/22

Madayn attracts more multi-million projects for Oman

Oman`s Public Establishment for Industrial Estates (Madayn) announced that it has registered 130 commercial and service projects during the first quarter of 2022.

The projects have a total value of OMR 64 million (USD 166 million). In order to facilitate more investment, Madayn has initiated its Masar Service Centres in all industrial cities. Masar...

16/06/22