OQ Group has launched the second cohort of its Business Accelerator Programme, featuring 22 specialised startups from Oman and abroad. The initiative supports innovation by linking startups with operational and investment opportunities, fostering technological, engineering, and environmental solutions in energy, sustainability, and advanced technologies.
Oman's Tenders Board has announced that the total value of the government’s upcoming development projects stands at more than RO1.5 billion ($3.8 billion), These include ports, roads, dams, buildings and public facilities as well as pipeline network projects and well drilling.
Gulf Great Sands (GGS) has announced the grand launch of the BAIC brand in Oman, which will provide Omani customers a range of offroad SUVs.
Oman has signed an concession agreement with a joint venture of Oman's OQ Exploration and Production and Malaysian group Petronas for an offshore block in the Sea of Oman spanning 21,000 sq km. This comes as part of the government's efforts to boost exploration and production activities in the sultanate.
Al Mouj Muscat, a key oceanfront lifestyle destination in Oman, has launched Azura Beach Residences III and IV, marking the final chapter of its best-selling coastal residential offering. It boasts a collection of 570 apartments and 41 four-bed duplex chalets, each with private pools and lifts.
Leading Omani real estate group Al Osool has announced the launch of its new free-hold residential project, Golf Hills, in capital Muscat. Spanning over a 11,000 sq m area, it features three upscale residential towers housing a total of 366 apartments along with a range of premium amenities.
Oman’s Ministry of Energy and Minerals has signed a concession agreement for Offshore Block 18 to support hydrocarbon exploration and production. Petronas will operate the block with a 70 per cent stake, while OQ Exploration and Production holds 30 per cent. The agreement includes a four-year exploration period, extendable to 30 years if commercial production is achieved.
Oman-based Al Ahly Sabbour Developments has officially broken ground on Wadi Zaha, the first of its three integrated developments within the mega Sultan Haitham City, thus marking the transition from vision to on-ground execution for the company’s first development in the sultanate.
Revenues for hotels classified within the 3 to 5-star category in Oman rose by 22.2 per cent by the end of December 2025, reaching approximately RO 297.3 million ($773. 2 million) compared to the same period in 2024. Hotel occupancy rates also increased to 56.7 per cent, up from 49.9 per cent during the corresponding period in 2024.
SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV).
