The UAE topped the list of Oman’s trading partners last year in non-oil exports - including chemicals, metals and machinery - as well as re-export activities, and merchandise imports, said a report. Other prominent trading partners included Saudi Arabia, India, China, Iran and UK.
Oman has approved a range of tenders worth a total RO33 million ($86 million) aimed at advancing developmental projects across multiple sectors in the sultanate. These include construction of two flood protection dams in Wadi Al Ansab and Salalah road tunnel project, said a report.
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.
