Oman has laid the foundation stone for an integrated tourism and commercial project in the Wilayat of Masirah, South A’Sharqiyah Governorate, with an investment of RO5.775 million ($15 million).
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.
Oman’s Public Establishment for Industrial Estates (Madayn) organised the Second Investor Meet to highlight investment opportunities at Al Suwaiq Industrial City.
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.
Siemens and Oman's Ministry of Energy and Minerals are partnering with four Omani universities to train the next generation of engineers in power grid planning and protection, supporting the Sultanate's renewable energy ambitions and national grid modernisation plans.
Oman Tourism Development Company (OMRAN Group) has signed development agreements worth RO122 million ($316 million) to expand tourism and hospitality offerings at Madinat Al Irfan and Yiti Integrated Tourism Development, strengthening the sultanate’s appeal as a destination for visitors and investors.
Oman's refinery sector recorded a 6.2 per cent increase in total production through August 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI).
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.
Passenger movement through Oman's airports (Muscat, Salalah, Sohar, Duqm) witnessed a slight decrease of 0.1 per cent by the end of August 2025. The total number of passengers reached 10,024,998, compared to 10,015,613 during the same period last year.
Oman's hospitality sector showed strong performance through August 2025, with 3 to 5-star hotels experiencing an 8.2% increase in guest numbers to RO1.52 million ($3.9 million) and a 17.4% rise in total revenue to approximately RO175.4 million.
