Oman News

OPAZ achieves record signing agreements in 2023

The Public Authority for Special Economic Zones and Free Zones (OPAZ) achieved record signing agreements in 2023, reflecting a robust commitment to economic growth and development. With cumulative investments reaching over RO 19.

Oman’s shrimp farming sector eyes $1.6 billion strategic deal

MUSCAT: Underscoring the exponential growth potential of Oman’s shrimp aquaculture industry, a key state-backed player is set to forge a mega-scale partnership with an international company in a deal valued at an estimated $1.6 billion.

Oman aims to become a global energy source: OIA

Abdulsalam bin Mohammed al Murshidi, President of Oman Investment Authority (OIA), emphasised Oman’s pioneering role in clean energy development, stressing in particular the country’s ambitions to evolve into a global source of green energy.

Pact signed to develop wave energy in Oman

MUSCAT: Norwegian wave energy specialist Havkraft AS has signed an agreement with Asyad Group – the Omani state-owned integrated shipping and logistics group – to explore the potential to harness wave energy for the first time in the Sultanate of Oman.

Green Hydrogen Summit Oman goes global, unveils new logo

Muscat: The Green Hydrogen Summit Oman (GHSO) – the MENA region’s largest hydrogen event – has announced its international expansion in 2024, reflecting Oman’s growing influence across the renewable energy sector.

Sultan Haitham City to boost SMEs

Muscat: The Ministry of Economy on Thursday hosted Dr Khalfan bin Said al Shueili, Minister of Housing and Urban Planning, to participate in a discussion panel titled “Economic Scopes of Sultan Haitham City and Urban Development Projects”.

Government measures boost Oman’s credit ratings

MUSCAT: Several experts in the economic field have confirmed that the continuous improvement and remarkable development in Oman’s credit rating by various international agencies is a result of the efforts and the measures taken by the government to control public spending, reduce public debt, increa

Omani Artificial Intelligence model under development

MUSCAT: Oman’s Ministry of Transport, Communications and Informational Technology (MTCIT) has attracting investments worth RO 30 million in the field of artificial intelligence (AI) in 2023, as a result of the growing number of artificial intelligence startups in the country.

‘Made in Oman’ SUV to be ready this year

Muscat: The country’s first electric SUV to be manufactured at Duqm will be ready for customers by the end of this year. The company, Mays, said through its social media account that the SUV brand Alive 1 will hit the market by the end of this year with prices around…

Oman’s total electricity generation rises by 6.4%

Muscat: The Sultanate of Oman’s total electricity generation recorded an increase of 6.4 percent to reach 44,346.3 gigawatts per hour by the end of 2023 compared to 41,698 gigawatts per hour during the end of 2022.

Oman to produce 30% of energy from renewable source by 2030

Muscat: The Sultanate of Oman is moving forward at a steady pace to reach the production or consumption target of not less than 30 percent of its electrical energy from renewable sources by 2030, said Engineer Salem bin Nasser Al Aufi, Minister of Energy and Minerals.
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