News

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Oman unveils 151 new investment opportunities

Oman`s Ministry of Housing and Urban Planning (MHUP) recently approved 151 new projects, in a bid to enhance economic growth and sectoral development. Announced on the Tatweer platform, these initiatives are designed to drive commercial and agricultural progress.

In partnership with the Ministry of Agriculture, Fisheries and Water Resources (MAFWR), the MHUP has introduced 89 new investment opportunities...

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24/09/24

Oman Business Platform hits record transactions in H1 2024

Oman`s Business Platform facilitated a record 487,300 commercial transactions for the first half of 2024, figures from the Ministry of Commerce, Industry and Investment Promotion show.

During the first six months of the year, 195,556 automatic license approvals were granted, while 6,061 non-automatic licenses were issued. Additionally, 2,747 e-commerce licenses were issued by the ministry across...

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10/09/24

Oman’s Economic Growth driven by manufacturing in 2024

Oman’s Ministry of Economy reported that in the first quarter of 2024, the manufacturing sector has emerged as the leading performer among key economic diversification sectors.

This notable achievement is part of the 10th Five-Year Plan (2021-2025) as the sector experienced a substantial real growth rate of 9.2% in Q1 2024. Its contribution...

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27/08/24

Oman leading the way in arid agriculture innovation

Oman is revolutionising its agricultural industry by deploying innovative technology solutions to increase the Sultanates self sufficiency.

The country is embracing a groundbreaking agricultural technique known as seawater farming, or saline agriculture, which is transforming the ability to grow crops in arid regions. The method uses seawater for irrigation and addresses key issues such as freshwater...

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13/08/24

Oman boosts Jobs and Investment using E-Commerce

Oman is undergoing a digital transformation and e-commerce - which involves the online transaction of goods and services - is making a notable economic impact in the Sultanate.

The growth of e-commerce in Oman is closely tied to the country's rapid adoption of technology. Since the 1970s, Omanis have quickly embraced new technologies, shifting directly from personal computers to mobile phones. This...

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30/07/24

Oman`s Be’ah and Nitaj advance energy and farming projects

Oman`s Be’ah municipal waste management agency is implementing initiatives and strategies aimed at unlocking energy and other value streams from waste.

Projects in various stages of early development include a utility-scale Waste-to-energy (WTE) system, a biogas plant and green waste conversion schemes. Further initiatives...

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16/07/24

Oman to GCC direct power interconnection to be ready by 2026

Oman and the GCC Interconnection Authority (GCCIA) have designed an upgraded direct interconnection link to be completed by 2026 according to Oman’s national grid operator OETC.

The new link will connect the 400kV grid station at the Ibri Independent Power Project (IPP) in Oman’s Al Dhahirah Governorate...

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02/07/24

Oman trade with Qatar amounted to OMR 571 million in 2023

Oman and Qatar recently announced an increase in trade volume of 20%, reaching OMR 571.15 million (USD 1.48 billion) in 2023 compared to OMR 475.96 million (USD 1.24 billion) in 2021.

The figures were announced at the recently celebrated Oman Chamber of Commerce and Industry’s 50th anniversary Golden Jubilee in Muscat. Dignatories praised the close relations...

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11/06/24

Oman and UAE announce commencement of Hafeet Rail project

Oman will soon begin construction on its revolutionary railway project, which will connect Sohar to Al Ain and Abu Dhabi - a distance of over 300km.

Named 'Hafeet Rail', the visionary OMR 1.15 billion (USD 3 billion) project will traverse through breathtaking landscapes, navigating mountains and valleys, while skirting alongside the iconic Jebel Hafeet. Once operational, it promises to condense...

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28/05/24

Oman to explore new initiatives to unlock offshore oil potential

Oman’s vast and untapped offshore hydrocarbon sector holds the key to potentially unlocking resources that will help sustain the country’s oil and gas production over the long-term.

Unlocking the offshore oil potential in Oman is not just a strategic move, it's a transformative journey towards sustained energy prosperity. With vast reserves undiscovered beneath the ocean, [Oman's Ministry of...

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14/05/24

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