Oman unveiled updated net-zero and carbon market framework targeting carbon neutrality by 2050, aiming for 33 per cent emission reduction by 2035 across seven sectors, boosting green hydrogen, renewables, investment, and low-carbon GDP growth.
As many as 182 usufruct agreements valued at more than OMR37.8 million ($98.31 million) were signed during the 21st edition of Oman Real Estate, Design & Build Exhibition and Conference, which concludes today in Muscat.
Leading Saudi developer Retal has secured a key contract from Oman for the development of an integrated residential community on a 1.3 million sq m area within Sultan Haitham City in Muscat. A $830 million project, it will boast over 2,000 residential units as well as other key amenities.
Sohar Titanium project in Oman has reached 90 per cent completion, marking its transition into the final development phase, said DUBAL Holding, the Dubai Government’s investment arm in commodities and industrial sectors.
Oman has announced a package of strategic agreements linked to its future cities, led by the sultanate's key development Sultan Haitham City. The 12th package valued at RO40 million ($104 million) involves construction of external roads, bridges and underpasses connecting Muscat Expressway to mega project City.
The National Travel Operator – Visit Oman has become a member of the International Congress and Convention Association (ICCA), marking a milestone in advancing Oman’s position within the global Meetings, Incentives, Conferences, and Exhibitions (MICE) sector.
Tourism investment in the mountain villages of Oman’s South Al Batinah Governorate is growing rapidly, with 18 hospitality establishments across A’Rustaq, Nakhal, and Al Awabi supporting sustainable tourism, local economic development, and authentic environmental and cultural experiences.
Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell production project in Duqm’s special economic zone, with investments estimated at $250 million.
Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20, 2026 at the Oman Convention and Exhibition Centre in Muscat, under the patronage of the Ministry of Energy and Minerals.
His Majesty Sultan Haitham bin Tarik of Oman has issued a Royal Decree establishing an Artificial Intelligence Special Zone in the Governorate of Muscat, Oman News Agency (ONA) reported.
