As the world intensifies efforts to decarbonise, ports are increasingly crucial in developing clean energy trade corridors.

Muscat: Future Fund Oman (FFO), the newest investment fund of the Oman Investment Authority (OIA), has rolled out an initial package of projects for implementation as collaborative initiatives involving international investors and local companies.

New York – Standard & Poor’s has raised the Sultanate of Oman’s credit rating to “BBB-” from “BB+” with a stable outlook, in its second report, due to the country’s improved financial performance.

MUSCAT: Oman Investment Authority (OIA) says it is poised to play a significant role across key facets of the hydrogen value chain with the goal of unlocking its full potential for investment and economic development in Oman.

MUSCAT, JULY 14 As many as eight clusters, earmarked by the Omani government for development into Special Economic Zones, Free Zones and Industrial Cities, are currently in various stages of design and early development around the Sultanate of Oman, according to the Public Authority for Special Econ

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.

MUSCAT: Oman’s first hydroponic farm has been unveiled at a distinctive location: the Alila Jabal Akhdar, a luxury hotel set amid the lofty summits of Al Jabal Al Akhdar in Al Dakhiliyah Governorate.

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: 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.