MUSCAT: The Sultanate of Oman has witnessed a staggering 300% surge in wheat production from 2018 to 2023, reflecting the nation’s dedication to enhancing agricultural productivity and food security.

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.

Muscat: Agreements were signed at the Ministry of Agriculture, Fisheries and Water Resources this week that will pave the way for the commercial-scale farming of… Read more

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.

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.

MUSCAT: The total value added of private sector enterprises actively operating in the Sultanate of Oman for Q4 2023 amounted to RO 8.85 billion, according to preliminary statistics released by the National Center for Statistics and Information.

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.

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.

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”.

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