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Tag: Oman

Construction & Real Estate

Engie secures financial close for two Oman CCGT power plants

French energy giant Engie has announced the financial close for Barka 3 and Sohar 2 - two key combined cycle gas turbine (CCGT) power plants located in Oman. The refinancing follows 15-year extensions of both plants’ power purchase agreements (PPAs) earlier this year, which secure their operations until 2043. ...

Construction & Real Estate

Oman signs $790m deals to expand industrial, manufacturing capacity

Oman's Public Authority for Special Economic Zones and Free Zones (Madayn) has signed 28 investment agreements worth more than RO304 million ($790 million) to establish new projects and expand existing operations across its special economic zones, free zones and industrial cities, said a top official. ...

Construction & Real Estate

KEC lands order for 400kV transmission lines in Oman

KEC International, a global infrastructure engineering, procurement and construction (EPC) major, has secured an order for a 400kV transmission line project in Oman as part of its new orders worth Rs106 billion ($1.1 billion) across its Transmission & Distribution (T&D), civil and cables and conductors businesses. ...

Construction & Real Estate

Mubbadrah consortium plans $3bn AI data centre facility in Oman

Omani investment group Mubbadrah Investment has announced that its consortium - comprising local and international companies - is set to develop an artificial intelligence (AI) data centre in the sultanate at a total investment of over $3 billion. Once completed, it will have a capacity of up to 400 megawatts (MW). ...

Construction & Real Estate

UK group Yamna unveils $1.3bn AI data centre plan for Salalah

British infrastructure development company Yamna is set to sign an agreement with Omani authorities for setting up a major artificial intelligence data centre in Salalah. A mega project for the region, the upcoming facility is likely to see an investment of over £1 billion ($1.3 billion) in the first phase, said a report. ...

Construction & Real Estate

IDOM to deliver detailed design for the 500MW Oman solar project

IDOM has been selected by Shanxi Installation Group to carry out the detailed design for the 500 MW Al Kamil I Solar Project in Oman, further strengthening the company’s presence in the Middle East’s growing renewable energy sector. ...

Construction & Real Estate

Oman awards key contract to build roads in Duqm region

Oman has announced the awarding of a contract to build roads and supporting infrastructure at the Fisheries Industries Zone in Duqm, said a report. The scope of work includes development of an internal road network spanning 8.7km as well as two roundabouts. ...

Construction & Real Estate

Oman seeks consultancy bids for Hot Springs Geothermal Project work

Oman’s Nama Power and Water Procurement has invited bids for two key phases of its Hot Springs Geothermal Project. The scope of work includes geological, geochemical and deep geophysical investigations as well as provision of drilling tender support and supervision and detailed feasibility studies....

Construction & Real Estate

Al Sarooj in deal to accelerate Aims Bay Project work

Al Sarooj Development Company has signed an agreement with Musandam Governorate in Oman for the development of vital infrastructure and investment components of the Aims Bay Project, a coastal and tourism development located in the sultanate's Kasab region. ...

Construction & Real Estate

Omran awards $316m contracts for Madinat Al Irfan, Yiti projects

Omran Group has signed strategic agreements worth RO122 million ($316 million) with Grova Developments, the real estate unit of Hassan Allam Holding and Omani group Aurelian Development to deliver integrated residential and tourism projects at Madinat Al Irfan and Yiti tourism projects in the sultanate. ...

Construction & Real Estate

Oman's total electricity production surges by 4.3%, says report

Oman’s total electricity generation rose 4.3% year on year to 37,481.8 gigawatt-hours (GWh) in the first eight months of 2026, while water production fell 3.5%, preliminary data from the National Centre for Statistics and Information (NCSI) showed. ...

Construction & Real Estate

Project Oman 2026 to spotlight $120bn construction pipeline

Oman’s construction sector is poised for growth, supported by a pipeline of projects worth $120 billion through 2030 spanning infrastructure, tourism and industrial development, with the sector’s investment opportunities set to be highlighted at Project Oman 2026 in Muscat this November. ...

Construction & Real Estate

Oman signs $1.04bn deal for major Dhofar tourism complex

Oman has signed a tourism development agreement worth more than RO400 million ($1.04 billion) for an integrated tourism complex in Dhofar, as the Sultanate steps up investment in the sector and broader urban development....

Construction & Real Estate

Oman expo sees over $1.4bn deals in tourism, real estate and housing

Agreements worth more than RO550 million ($1.43 billion) were sealed at the Urban, Home & Building Expo and Conference in Oman covering some of the leading sectors including tourism, real estate, food security and housing, said a report....

Construction & Real Estate

Hassan Allam Construction, Galfar forge strategic Oman alliance

Leading regional construction groups - Hassan Allam Construction and Galfar Engineering & Contracting - have announced a strategic agreement aimed at strengthening co-operation and pursuing future business opportunities across Oman....

Construction & Real Estate

Al Ahly Sabbour unveils its first luxury residential offering in Oman

Egyptian developer Al Ahly Sabbour Real Estate has announced the launch its first luxury residential offering in Oman as part of the Wadi Zaha development within the Sultan Haitham City. The Zaha Residence comprises a mix of studios and one- to three-bedroom apartments as well as other premium amenities. ...

Construction & Real Estate

Chinese contractor wins construction packages for $910m Oman IPP project

China Eleventh Chemical Construction Company has secured two construction packages for an independent power project, being set up at an investment of $910 million within the Special Economic Zone at Duqm, Oman. The project scope includes ground works, monitoring and lighting installations. ...

Construction & Real Estate

Oman's Raysut Industrial City attracts nine new projects in H1

Oman’s Public Establishment for Industrial Estates (Madayn), has announced that its key affiliated unit - Raysut Industrial City - attracted nine new projects in the first half of 2026. The projects span key sectors including iron manufacturing, mining, food and services. ...

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