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133 news items from Oman. Show all
QS Maritime, operator of Oman's Shinas Port, will begin development work by year-end, with investments exceeding USD 199 mln. The project is expected to take 5-7 years to complete. CEO Eng. Abdul Baqi al Kindi told the…
Dar Global has awarded the main works contract for The Great Escape (TGE) apartments and Phase 1 villas in AIDA, a mixed-use gated community in Muscat, to Al Adrak Trading & Contracting. Part of the larger AIDA…
Oman has signed an agreement with China's JA Solar to build a large-scale solar cell and panel manufacturing facility in the Sohar Freezone, marking a major step in its push to expand renewable energy and diversify the…
State-owned Energy Development Oman (EDO) has signed a memorandum of understanding (MoU) with China's Jiangsu Changbao Steel Tube Co. to explore the development of a cutting-edge Oil Country Tubular Goods (OCTG)…
Omani steel manufacturer Al Jazeera Steel Products Co. SAOG posted a 16pct YoY increase in net profit for the first quarter of 2025, according to its unaudited financial results. Net profit rose to OMR 2.1 mln (USD 5.44…
Vale's iron ore pellet production in Oman rose 15.2pct YoY in Q1 2025, reaching 1.974 mln tons. However, this marked a 26.3pct decline compared to the previous quarter. Globally, Vale's total iron ore output fell 4.5pct…
Oman has signed a Joint Development Agreement (JDA) to establish the world's first commercial-scale liquid hydrogen corridor, linking the Port of Duqm with key European hubs in the Netherlands and Germany. The agreement…
Vale and Jinnan Steel's joint venture in Oman has signed an agreement with China's MCC Changtian International Engineering Company to build an iron ore beneficiation plant in Sohar. The project includes constructing the…
Jindal Shadeed Iron & Steel has commissioned Danieli to upgrade its casting machine capabilities at its Sohar facility in Oman. The modernization aims to enhance efficiency and diversify the product range, enabling the…
Oman's Nama Water Services has signed an agreement with Al Tayer Engineering Services Company to construct a water purification plant at Wadi Dayqah Dam in Quriyat, a project valued at over USD 142 mln. Developed under…
Oman-based Bukaka International LLC has partnered with the Public Establishment for Industrial Estates (Madayn) to establish a cutting-edge manufacturing facility in Nizwa Industrial City. The USD 7.8 mln investment…
Al Jazeera Steel Products Co. reported a 93pct surge in net profit for 2024, reaching OMR 7 mln (USD 18.3 mln), up from OMR 4 mln in 2023, according to its latest financial statement. Revenue rose 3pct YoY to OMR 146.68…
Vale's iron ore pellet production in Oman declined by 0.9pct YoY in 2024, with output totaling 9.195 mln tons, down from 9.283 mln tons in 2023. In the fourth quarter of 2024, the company produced 2.68 mln tons of iron…
Jindal Shadeed Iron and Steel (JSIS) hosted an exclusive event at its Liwa facility in North Al Batinah to promote steel slag as a sustainable solution for commercial construction. Aligned with Oman Vision 2040's focus…
Vale has announced that its iron ore pelletizing plant at Sohar Port will be powered entirely by renewable electricity by 2030, aligning with the company's global commitment to decarbonize operations. Nasser Al Azri…
Omani steel producer Al Jazeera Steel Products Co. SAOG reported a significant 73pct YoY increase in net profit for 2024, according to its unaudited financial statement. The company's net profit surged to OMR 7 mln (USD…
To achieve net zero emissions by 2050, the Ministry of Transport, Communications, and Information Technology (MTCIT) plans to establish ship recycling and dismantling yards using advanced green technologies, Muscat…
TotalEnergies, in partnership with OQ Alternative Energy (OQAE), has signed agreements to develop 300 MW of renewable energy projects in Oman. The electricity generated will be supplied through long-term Power Purchase…
Galfar Engineering and Contracting announced that it has been awarded the construction contract for dualisation of Adam-Thumrait road. The Letter of Award was issued by Ministry of Transport Communications and…
Project tenders issued by Oman jumped by more than 50 pct in 2024 as the Gulf state is using a surge in oil prices to increase development spending. Awarded projects have also recorded a sharp rise over the past few…
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