Al Adrak Group, a leading engineering construction company in Oman, has announced plans to develop a premium mixed-use urban project on a 460,000 sq m area within the mega Sultan Haitham City in capital Muscat at a total investment of RO185 million ($420 million).
Wakan Village in Nakhal, Oman, welcomed 39,976 visitors in 2025, up from 36,759 in 2024. Attracting both domestic and international tourists, the village’s appeal lies in its agricultural paths and ancient mountain trails, offering experiences that draw adventurers from around the world.
Al Rusayl Industrial City in Oman witnessed the inauguration of an air gases production plant for the Global Gas Services Company. Spanning a total area of 20,000 square meters with an investment volume reaching RO 4 million ($10m), the facility has a daily production capacity of 173 tonnes of oxygen, nitrogen, and argon.
Singapore-headquartered Meranti Green Steel has announced that it has secured full offtake coverage for the first module of its green Hot Briquetted Iron (HBI) production from its new iron plant within the Duqm Special Economic Zone in Oman, thus marking a key commercial milestone for the project.
British developer LEO Development has teamed up with Rove, a JV between master developer Emaar Properties and Dubai Holding, to launch its debut lifestyle hospitality project in Oman. The Rove Home Muscat Expressway will feature one- and two-bedroom apartments along with a range of lifestyle amenities.
OQ Group welcomed 130 graduates into its 2026 Graduate Development Programme, underlining its public–private partnership with Oman’s Ministry of Labour. The initiative aims to create 600 jobs, supporting sustainable employment, national capacity building, and OQ’s future growth needs.
Mawarid Turbine Company and the National University of Science and Technology signed an agreement to train 321 Omani graduates—the first national cohort in specialised wind turbine manufacturing—preparing them for employment at Mawarid’s new factory in Duqm’s Special Economic Zone.
Around 2 million visitors attended Muscat Nights 2026 events, which began in January 2026, while the festival’s programmes and activities created employment opportunities for 500 Omani job seekers. The integrated vision of the winter festival was realised by hosting 168 events in 24 locations.
The total production of refineries in Oman recorded a 12.5 per cent increase by the end of December 2025, reaching 84,739,200 barrels compared to the end of December 2024, according to preliminary statistics issued by the National Centre for Statistics and Information (NCSI).
Oman's Ministry of Finance and the Saudi Fund for Development (SFD) have signed a memorandum of understanding (MoU) to finance the construction of the Thumrait Industrial City project.
