Etihad Water and Electricity has announced that it is part of two consortiums that have been awarded the contracts to develop 2.6GW power plants in Oman. These plants, which will be using combined cycle gas turbine technology, will be set up at a total investment of RO1 billion ($2.6 billion).
Etihad Water and Electricity (EtihadWE) announced its participation in the consortiums developing the Misfah and Duqm power generation projects in Oman.
United Solar Holding today announced that its wholly-owned subsidiary, United Solar Polysilicon (USP), has secured over $900 million to complete financing for its state-of-the-art polysilicon facility in Oman.
Oman's General State Budget for 2026 forecasts total public expenditure of approximately RO11.977 billion ($31.15 billion), rising by 1.5 percent from the approved expenditure for 2025.
Oman's National University of Science and Technology has announced that work has begun on its new university campus at Sultan Haitham City located within the Muscat governorate. Spanning a 31,890-sq-m area, the key facility will have the capacity to accommodate 2,435 students.
Abu Dhabi renewable energy group Masdar, said along with consortium partners - Al Khadra Partners, Korea Midland Power Company (Komipo) and OQ Alternative Energy - it has achieved the financial close for Ibri III, the first utility-scale solar and battery storage project in Oman.
The Sultanate of Oman, through a royal decree, has announced the establishment of the International Financial Centre of Oman (IFC Oman) aimed at diversifying the national economy, strengthening the country's position as a global hub for financial services, attracting capital and supporting innovation.
Oman and Rwanda signed a memorandum of understanding (MoU) between Rwanda Development Board (RDB) and Oman Airports Company. The MoU aims to enhance cooperation in the field of airport development and management, exchanging expertise and exploring opportunities for joint investment in the aviation sector and related infrastructure.
