Kuwait Fund for Arab Economic Development has signed a finance agreement for the second phase of the internal roads project in the Special Economic Zone at Duqm (Sezad). The scope of work involves paving of internal roads in the First and Second Residential Areas and the Industrial Area at Sezad.
Emirates Building Systems (EBS), a wholly owned subsidiary of Dubai Investments and one of the Middle East’s leading manufacturers of steel structures, has been awarded a major contract to deliver the full structural steel package for the Sayyid Tarik Bin Taimur Cultural Complex, one of Oman’s most significant upcoming cultural developments.
Oman’s tourism sector is rapidly growing, boosting GDP from 1.6% in 2020 to 2.7% in 2024. Minister Sayyid Ibrahim Al Busaidi highlighted the sector’s role in economic diversification, supported by policies and RO 2.6 billion ($6.7 billion) in investments under the Tenth Five-Year Plan.
As demand for luxury travel to Oman and the wider GCC continues to accelerate, dnata Representation Services – part of the dnata Travel Group – brought its exclusive luxury travel roadshow, Opulence by Ahlan Arabia, to the Sultanate for the first time.
Oman’s Public Establishment for Industrial Estates (Madayn) has attracted more than RO272 million ($705 million) in investments into the food sector across its industrial cities, said a senior official, highlighting the growing role of food manufacturing in Oman’s diversification strategy.
Oman’s oil exports recorded a slight decrease of 0.1 per cent by the end of December 2025, reaching 307,960,900 barrels compared to 308,422,100 barrels during the same period in 2024, according to preliminary statistics issued by the National Centre for Statistics and Information (NCSI).
Korea Western Power has secured a major contract to build and operate a gas-fired combined-cycle power plant being set up at an investment of 1.3 trillion won ($898 million) at Duqm in Oman. Set for 2029 completion, the 877MW facility is being implemented on a BOO model.
Oman’s OQ Group has signed strategic agreements worth over RO230 million ($598 million) with two global companies - Germany-based MAK and Indian group Deepak - for the development of advanced downstream manufacturing projects in the cities of Sohar and Salalah in the sultanate.
Three tourists died and two others sustained minor injuries after a boat carrying a group of 25 French nationals, along with a tour guide and the boat captain, capsized in the Wilayat of Muttrah, Muscat Governorate, Oman.
SalamAir, Oman’s low-cost carrier, operated its inaugural flight from Muscat to Port Sudan, marking the first time an Omani airline has served this route. With this service, SalamAir becomes the first GCC airline to offer direct flights to Sudan, strengthening connectivity between Oman and Northeast Africa.
