Oman's Public Establishment for Industrial Estates (Madayn) has begun work on a multi-storey parking project featuring modern office and service spaces at the Knowledge Oasis Muscat (KOM). It is being developed by Oman National Engineering and Investment Company.
Bank Nizwa, a leading Islamic bank in Oman, has announced the appointment of Tariq bin Atiq as its new Deputy Chief Executive Officer and Chief Operations Officer. An industry veteran, Tariq brings over 25 years of diversified banking experience to the new role.
A consortium led by Abu Dhabi group Masdar has signed up China's CPECC for the development of Ibri III solar storage project in Oman being set up at an investment of $299 million. Once operational, it will boast a 500MW solar storage capacity.
Oman will take part in the 26th session of the General Assembly of the United Nations Tourism Organisation, to be held in Riyadh, Kingdom of Saudi Arabia, from November7 to 11, 2025—under the theme “AI-powered Tourism: Redefining the future.”
Jindal Steel Sohar has modernised critical protection systems at its Sohar facility by upgrading its aging protection relays with ABB's advanced Relion technology, enhancing operational reliability, minimising downtime and supporting sustainable growth.
Oman and Spain signed MoUs on green methanol and LNG, including a long-term LNG agreement between Oman LNG and Naturgy. Additionally, a consortium aims to develop low-carbon green methanol production in Dhofar, enhancing Oman's carbon neutrality efforts.
The Integrated Gas Company finaliSed 19 agreements, including 14 gas sales valued at over RO3.4 billion ($8.8 billion). This move is expected to generate over RO2 billion in investments and includes strategic agreements with Occidental Oman and Energy Development Company.
Swiss-Belhotel International, has announced the signing of Swiss-Belhotel Nizwa, Oman. Scheduled to open its doors in Q2 2026. The management agreement was officially signed recently between Swiss-Belhotel International and Bawareq Nizwa International For Investment.
Strabag has announced that it has secured a €102 million ($118 million) transport infrastructure project in Muscat, Oman. The scope of work involves widening of a major street, building of a flyover and underpasses as well as redesigning roundabouts into intersections.
OQ Alternative Energy, a subsidiary of OQ Group, marked the arrival of the first batch of wind turbines for the Wind 1 and Wind 2 projects at Duqm Port in the Special Economic Zone at Duqm (SEZAD). These projects constitute the largest wind farms under construction in Oman.
