Category: News

Orpic breaks ground for natural gas extraction plant in Fahud

Oman Oil Refineries and Petroleum Industries Company – Orpic celebrated the ground breaking of its engineering, procurement and construction (EPC) of Liwa Plastics Industries Complex (LPIC) Project- Package 3 in Fahud. Orpic lays the foundation of the $688mn EPC 3 which is the natural gas liquids (NGL) extraction plant, following the foundation of $2.8bn EPC […]

Golden Group
Golden Group, Rotana sign agreemnt for a new hotel project at Al Mouj

Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa and Turkey, signed a management agreement with Golden Group Holding (GGH), a diversified Oman-based business group with interests in real estate, hospitality, construction, logistics and oil and gas, for a new hotel project in Muscat, Oman. The […]

Oman Oil, Shell to collaborate on Oman Block 42

Oman Oil Company Exploration and Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (HoA) to collaborate on Oman Block 42. Under the agreement, an initial aerial study will be carried out, before potentially undertaking further and more focused activities in the block, according to a press release. This cooperation in Block 42 […]

Al Nakheel ITC 1
MoT signs agreement for RO256mn Al Nakheel ITC Development in Barka

The Ministry of Tourism (MoT) signed an agreement with the Palm’s Beach Company to develop the Al Nakheel Integrated Tourism Complex (ITC) project at Barka. The development agreement was signed by HE Ahmed bin Nasser bin Hamad al Mehrzi, Minister of Tourism, and Hussain Jawad, chairman of the board of directors of Palm’s Beach Company […]

Orpic to conduct ground breaking ceremony for Liwa Plastics in Fahud

Oman Oil Refineries and Petroleum Industries Company (Orpic) will conduct a ground breaking ceremony to start work on its Liwa Plastics Industries Complex (LPIC) on April 27, 2017 at Fahud in the Wilayate of Ibri. The event will be held under the patronage of Sultan bin Salim Al Habsi, Secretary-General, Supreme Council for Planning and […]

Sino-Oman Industrial City to attract $10bn investment

              The Special Economic Zone Authority in Duqm (SEZAD) held a ceremony to mark the foundation-stone laying of the Sino-Oman Industrial City in Duqm whose investments are expected to cross $10 billion till 2022. The ceremony was held under the auspices of HH Sayyid Taimour bin Asaad al Said in the […]

mazaya 3
Al Mazaya launches major mix-use project in Al Mawaleh

Al Mazaya Holding has launched its new project, Mazaya Residence, in Muscat. Mazaya Residence is an integrated, mixed-use project located in the Al Mawaleh area of Al Seeb Province. A grand ceremony was held by the company to mark the launch of the project at the Grand Hayat Hotel in Muscat recently. The ceremony opened […]

Omran QNB
Omran inks RO38mn deal with QNB Oman for JW Marriott Hotel at OCEC

              Oman Tourism Development Company (OMRAN) has joined hands with QNB Oman for the development financing for the JW Marriott Hotel Project within the Oman Convention and Exhibition Centre (OCEC) precinct and part of phase one of the emerging Madinat Al Irfan Urban Development by Omran. The financing agreement, […]

Muscat bourse reconstitutes Sharia Index

Oman’s Muscat Securities Market has re-constituted its Sharia Index by replacing two companies in the basket with new firms. The companies that are newly included in the index are Oman Flour Mills and Takaful Oman Insurance, while National Biscuit Industries and Oman Refreshment have been removed from the basket of stocks that constitute the index, […]

al khalili-tibiaan MOU 1
Al Khalili Group, Tibiaan Properties to develop $100mn luxury real estate projects

    Al Khalili Group and Tibiaan Properties have signed a Memorandum of Understanding (MoU) to collaborate on a unique $100mn project portfolio with high-end residential, commercial and retail components. Developed in response to the growing demand for luxury properties and to capitalise on the continued interest of domestic and international investors in Oman, the […]

OER is the leading business publication in the Sultanate of Oman. OER, part of United Media Services (UMS) Group, is the required reading for decision makers who value reliable, timely and authoritative business news reportage. As an advertising medium, OER presents an audience, which is premium at decision-making levels. For more info click here

UMS Group is one of the top media and communications’ companies in the GCC region. Visit our other Group sites