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.
Etihad Water and Electricity has announced that it is part of two consortiums that have been awarded the contracts to develop 2.6GW power plants in Oman. These plants, which will be using combined cycle gas turbine technology, will be set up at a total investment of RO1 billion ($2.6 billion).
Etihad Water and Electricity (EtihadWE) announced its participation in the consortiums developing the Misfah and Duqm power generation projects in Oman.
United Solar Holding today announced that its wholly-owned subsidiary, United Solar Polysilicon (USP), has secured over $900 million to complete financing for its state-of-the-art polysilicon facility in Oman.
Oman's General State Budget for 2026 forecasts total public expenditure of approximately RO11.977 billion ($31.15 billion), rising by 1.5 percent from the approved expenditure for 2025.
