Category: News

SEZAD signs land leasing agreement for RO225mn cement plant

  A land lease agreement for building a large cement plant in Duqm with a capital expenditure of OMR225 million was signed by the Special Economic Zone Authority of Duqm (SEZAD) with Al Wusta Cement Company LLC. Al Wusta Cement Company LLC is promoted by Raysut Cement Company and Oman Cement Company. According to a […]

NBC Iran delegation
Iranian delegation visits the National Business Centre

A high profile delegation specialised in science and technology sector in Iran visited recently the National Business Centre (NBC) at the Knowledge Oasis Muscat. The delegates were briefed on the vision, objectives and services of NBC delivered to the entrepreneurs. The National Business Centre was launched by the Public Establishment for Industrial Estates (PEIE) in […]

Banking & Finance
Ominvest Office Building 3
Ominvest plans to raise RO50mn in bond issue

Oman International Development and Investment Company is gearing up to publicly issue an RO50mn perpetual bond to seize future growth  Perpetual bonds valued at RO50mn will be issued by Oman International Investment and Development Company (Ominvest), a leading investment holding company in the Mena region. The bond issue, which will be a public issue, will […]

Duqm Developement Company
Duqm Development Company signs agreement with India’s Adani Ports

  A Memorandum of Understanding (MoU) was recently signed by the Duqm Development Company SAOC (Tatweer) with India’s Adani Ports and Special Economic Zone Limited in New Delhi. The agreement is aimed at exploring better investment opportunities in the Special Economic Zone at Duqm. The pact also stipulates on setting an official and framework for […]

Port Sohar
Sohar Port inks $600mn oil storage contract with Trescorp

Sohar Port has signed a $600mn oil storage contract with Singapore-based Trescorp. The new facility will have six deep-water berths, with 25 metre drafts, one of them capable of receiving very large crude carriers (VLCCs) of up to 320,000 deadweight tonnage (dwt) — the so-called supertankers. The new terminal will occupy space in Sohar Port […]

BP Oman Khazzaan
BP starts production from giant Khazzan gas field ahead of schedule

 Phase one of major tight gas project to deliver 1 bcf/d gas to Sultanate  BP, together with the Ministry of Oil & Gas of the Sultanate of Oman, announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Company Exploration and Production. HE Dr […]

National Business Centre signs incubation deal with design firm

An incubation agreement was signed by the National Business Centre (NBC), which is part of the Public Establishment for Industrial Estates (PEIE), with Rawa Design Studio. The company will benefit from the services offered by the Riyada incubator, which is managed by NBC. Rawa Design is a graphic designing company specialising in designing business identities, […]

Al Raffd Fund to support 20 SME projects in Sandan Industrial Park
Al Raffd Fund to support 20 SME projects in Sandan Industrial Park

Al Raffd Fund has signed a cooperation agreement with Sandan Development Company to provide financial support to 20 small and medium enterprises that are setting up their businesses within the Sandan Light Industries Park. The agreement was signed by said Tariq Bin Sulaiman Al Farsi, chief executive officer of Al Raffd Fund and Said Bin […]

Sabco Group launches sports agency to boost industry in Oman

Sabco Group has announced the creation of a new company in the Sabco Group. Sabco Sports has been set up to lead the growing sports industry in Oman and to take advantage of the huge growth in sports in the region in the coming years. Sabco Sports will be Oman’s premier sports agency, focusing on […]

Muriya Image 2
Muriya launches phase II of Lagoons in Hawana Salalah

  Muriya’s flagship destination, Hawana Salalah, and Dhofar’s only Integrated Tourism Complex (ITC), sold out Phase I of its new residential project, Lagoons, in just four weeks during its soft launch this August. Phase II of the Lagoons Project has just been launched with a range of freehold properties starting at RO28,000, entitling non-Omani buyers to […]