MUSCAT: The Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed a significant agreement with Mahdah Development Company, an Omani-Emirati partnership represented by DP World, to develop and operate the first phase of the Al-Rawdah Special Economic Zone in Al Buraimi Governorate. The ceremony took place with the presence of His Highness...
Bank Nizwa, the premier Islamic bank in Oman, has announced a new Memorandum of Understanding (MoU) with the Health Endowment Foundation (ATHAR). This strategic partnership aims to enhance the role of the health endowment sector in promoting inclusive development, which aligns with national priorities set out in Oman Vision 2040. The agreement was officially signed...
The Sultanate of Oman is poised to deliver 62 800 new residential real estate units by the year 2030, with 5 500 of these units scheduled to enter the market this year. This information comes from a recent report by Cavendish Maxwell, which aligns with the country’s strategic vision for housing development. In addition to...
The Oman Tourism Development Company (OMRAN Group) has formally signed a Memorandum of Understanding (MoU) with Al Dhahirah Governorate to advance the much-anticipated “Ibri View” project. This agreement aligns with the objectives of Oman Vision 2040, marking a significant step in the country’s effort to establish vibrant tourism destinations throughout the Sultanate. This strategic partnership...
Oman has launched its first national cybersecurity drill alongside a workforce upskilling initiative aimed at enhancing the resilience of its logistics sector. This move is part of the broader Oman Vision 2040 strategy, which focuses on economic diversification, digital transformation, and the development of human capital. The announcement came during the inauguration of the 5th...
Oman has announced ambitious plans to launch ten new renewable energy projects between 2027 and 2029, aiming for a combined capacity of approximately 2,300 megawatts (MW). This initiative is part of the country’s broader strategy to diversify its energy sources and decrease reliance on fossil fuels. Additionally, two more projects with a total capacity of...