Oman has signed a series of major energy investment agreements with Chinese institutions and companies, covering battery storage, wind power, solar energy, green ammonia and renewable energy manufacturing, as part of efforts to strengthen bilateral investment and expand its energy sector.
The agreements were signed by the Oman Investment Authority
(OIA) during the state visit of His Majesty Sultan Haitham bin Tarik to China,
marking the first visit by an Omani Sultan to the country.
Among the major agreements, Nama Holding and State Grid
International Development will cooperate on approximately $1 billion in battery
energy storage projects, with a combined capacity of 1 gigawatt (GW). The
initiative aims to strengthen Oman's electricity infrastructure and expand its
energy storage capabilities.
In the renewable energy sector, O-Green and Shanghai
Electric Wind Power Group signed a strategic partnership to develop wind energy
engineering and industrial capabilities in Oman. The collaboration includes
plans to establish a research and development centre and a wind turbine testing
facility in Duqm, alongside cooperation in green ammonia development.
The investment package also includes a $100 million solar
energy partnership combining renewable energy project development with the
establishment of solar inverter manufacturing capabilities in Oman. The
initiative is expected to support the country's domestic renewable energy
supply chain and strengthen local industrial capabilities.
In addition, partnerships with IDG Capital, Templewater and
EW Partners represent approximately $735 million in investments targeting
several sectors, including clean energy, utilities, digital technology and
smart manufacturing.
Abdulsalam
Al Murshidi, President of OIA, emphasized the agreements reflect the evolution
of Oman–China relations from trade towards investment partnerships supporting
economic diversification, future industries, job creation and knowledge
transfer. Most projects are planned for Oman, bringing capital, technology,
manufacturing and specialized capabilities into the country while connecting
Omani businesses with Chinese and international production, distribution and
investment networks. -OGN/TradeArabia News Service
