Oman’s Keryas Paper Industry, in partnership with Al Karama Hypermarket Group, Oman, will set up a $12 million, 20,000 metric tonnes per annum (MTPA) tissue manufacturing facility at Sohar Industrial City, Phase 7, Oman.
Oman Electricity Transmission Company (OETC), the sole owner and operator of Oman's electricity transmission network and a key subsidiary of Nama Group, has announced the pricing and issuance of its inaugural RO 288.5 million ($750 million) 5-year Green Sukuk under its Green Financing Framework.
OQ Exploration and Production (OQEP) is expanding its Oman portfolio and pursuing selective overseas investments to reach 300,000 barrels of oil equivalent per day by 2030. Production rose 2.7 per cent year-on-year to 228,200 boe/d in H1 2026.
ST Engineering iDirect has tied up with Mohammed Al Barwani Satellite Company (MBSat) to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the Middle East.
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.
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.
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).
OQ Exploration and Production New Ventures, a subsidiary of OQ, and Petronas Carigali International Ventures have signed a memorandum of understanding to formalise a strategic cooperation agreement, aiming to collaborate on ventures in the oil and gas exploration and production sector.
Hilton has announced the signing of an agreement with The Zubair Corporation to open three hotels in Muscat under the Waldorf Astoria, Hilton Hotels & Resorts, and DoubleTree by Hilton brands – doubling its footprint in Oman.
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.
