News

Madayn to develop waste-to-hydrogen plan in Oman

Oman’s Public Establishment for Industrial Estates (Madayn) and H2 Industries recently signed a memorandum of understanding (MoU) to develop a waste-to-hydrogen plant.

The OMR 540 million (USD 1.4 billion) plant will be built on a 200,000 square metre coastal site. The project also includes the construction of a 300 MW base load capable PV solar...

04/08/22

Oman Investment Authority presents priorities

Oman Investment Authority (OIA) operated businesses will invest OMR 6.7 billion (USD 17.4 billion) in projects over the next five years.

The sovereign wealth fund anticipates returns of OMR 2.6 billion (USD 6.8 billion) during this period. It seeks to achieve the priorities of Oman’s Vision 2040 by focussing on economic diversification, empowering...

28/07/22

Sohar Freezone with new incentives for more tenants

Sohar Freezone has introduced new incentives to attract more international investors and create additional jobs in line with the Oman Vision 2040.

The incentives allow new businesses to register online for a Sohar General Trade License (GTL) and secure all permits through its one-stop-shop. Furthermore, it is offering a 50% discount on GTLs for one to three years. Investors also enjoy 0% personal...

07/07/22

Oman’s Madayn launches incubator at Sur Industrial City

The Public Establishment for Industrial Estates also known as Madayn recently launched the Sur Oasis Incubator at Sur Industrial City in Al Sharqiyah governate.

The Sur Oasis incubator is represented by the Industrial Innovation Academy in collaboration with Oman Liquid Natural Gas (LNG). It aims to attract innovators, entrepreneurs, start-ups...

30/06/22

More industrial lands available in Oman’s Port of Duqm

Oman`s Special Economic Zone at Duqm (Sezad) announced that land is now available as part of its industrial project masterplan.

Sezad offers land to attract commercial, tourism, industrial and renewable energy projects among others. It is the largest Special Economic Zone in the Middle East and North Africa, covering an area of 2,000 square kilometers.

The levelling...

23/06/22

Madayn attracts more multi-million projects for Oman

Oman`s Public Establishment for Industrial Estates (Madayn) announced that it has registered 130 commercial and service projects during the first quarter of 2022.

The projects have a total value of OMR 64 million (USD 166 million). In order to facilitate more investment, Madayn has initiated its Masar Service Centres in all industrial cities. Masar...

16/06/22

Oman to use budget surplus for priority projects

Oman recorded a budget surplus of OMR 300 million (USD 780 million) during the first quarter of 2022 according to official figures.

The numbers suggest that the country is recovering from the pandemic after strategic government financial measures were assisted by oil price increases. The surplus will aid the goals of the medium-term financial balance plan for 2020 – 2024. These goals include stimulating...

09/06/22

Stakeholders reaffirm support for Oman’s SMEs

Oman’s Public Authority for SME Development (Riyada) and other key stakeholders are continuing their support of small and medium enterprises (SMEs).

Riyada is offering funding options with flexible repayment terms for amounts between OMR 15 thousand (USD 39 thousand) to OMR 250 thousand (USD 650 thousand). The repayment period...

02/06/22

New reforms in the financial sector in Oman

The Sultanate of Oman`s Capital Markets Authority (CMA) has licensed Ethis Investments as the first global Islamic crowdfunding operator.

Recently, the CMA updated crowdfunding cross border regulations to attract international, regional and national crowdfunding platforms and FinTech start-ups. The new framework tasks the CMA with overseeing all crowdfunding investment...

26/05/22

Oman is planning to supercharge its economy

The Sultanate of Oman recently unveiled several mega construction projects as part of the Vision 2040. The developments offer new investment opportunities for national and international investors in line with the mandate of the Oman Investment Authority.

The Public Establishment for Industrial Estates (Madayn)...

19/05/22