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.

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 RO16,000.

TFIW had a technical workshop with Surbana Jurong to set FS for DOW Industrial Park Project into motion at Surbana Jurong Campus.

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.

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.

TFIW team met up with Surbana Jurong at CleanTech Park for feasibility study of Deep Ocean Water Industrial Park Project in Oman.

Muscat: Oman’s Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) was raised to ‘BB+’ from ‘BB’ by Capital Intelligence Ratings (CI Ratings) on Friday.

An evaluation of solar and wind resources – a critical first step in the development of any green hydrogen project – is currently underway in Block Z1-02 allotted to Hydrogen Duqm LLC in the Wilayat of Duqm, according to a high-level official associated with the project.

TFIW/ODO has signed a contract with CNEEC commssioning the feasibility study for Deep Ocean Water Industrial Park Project in Oman.

The performance indicators show that the Omani economy has moved beyond the pandemic recovery phase, and has entered the growth phase. The economy has achieved remarkable growth rates, which were strengthened by policies and measures taken by the government.