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Oman Business Finder, Muscat (2026)

23/07/2022

Ibri Industrial City implementing 23 projects worth over OMR9mn

Muscat: The Public Establishment for Industrial Estates “Madayn” is currently implementing the construction project of Ibri Industrial City, where the completion rate of the infrastructure project in Phase One has surpassed 27 per cent.

Phase One of the project is being developed on an area of 3 million sqm and incorporates road works, services networks such as sewage, rain and telecom networks, and wadi protection walls.
The number of localised projects in Ibri Industrial City in Al Dhahirah governorate has reached 23 projects on a total area of 250,000 sqm and an investment value exceeding OMR9 million, informed Eng. Nasser Al Mabsali, Director General of Ibri Industrial City. These projects represent several sectors including building materials, oil and gas services, foodstuff and warehouses.

Al Mabsali pointed out that Ibri Industrial City is located on an area spanning 10 million sqm, and aims at localising a variety of industrial, commercial and service activities such as light and medium industries, commercial projects, and administrative offices, industrial workshops, warehouses, and workforce township.

It is worthwhile to mention that Madayn floated a tender earlier this year as an investment opportunity to establish a one-stop shop comprising a petrol station, rest area, and service station for trucks and vehicles passing through the road to Saudi Arabia.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

23/07/2022

Total value of GCC contracts awarded up 11.7% to $22.8bn

Muscat: Total value of GCC contracts awarded increased by 11.7 per cent year-on-year during the second quarter of 2022 to $22.8 billion against $20.4 billion in the same period of 2021, according to a new report.“Saudi Arabia and Oman reported higher contract awards during the quarter that more than offset a dip in awards in Kuwait, Bahrain, Qatar, and the UAE, the Kuwait-based Kamco Invest, said in its latest report.

Saudi Arabia, the GCC’s largest projects market, recorded the biggest year-on-year (y-o-y) increase in the value of contracts awarded during the second quarter (Q2) of 2022 reached $16.5 billion in 2022 as compared to $9.3 billion in Q2-2021. Contracts awarded as part of the $500 billion Neom project boosted the kingdom's project awards during the quarter. According to MEED, three out of the 10 biggest contracts awarded in the Kingdom during Q2-2022 were from the Neom project.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

23/07/2022

Pact to attract investments at Al Jabal Al Akhdar signed

Al Jabal Al Akhdar: The office of the Governor of Al Dakhiliyah signed a memorandum of cooperation (MoC) with Oman Tourism Development Company (OMRAN).

The MoC aims to achieve sustainable development in infrastructure, government services and public utilities in the tourism sector, as well as to create an investment-attractive milieu in Al Jabal Al Akhdar, the Governorate of A’Dakhiliyah.
The MoC was signed by Hilal Said Al Hajri, Governor of A’Dakhiliyah and Eng. Mohammed Abu-Bakar Al Ghassani, OMRAN’s Vice Chairman of the Board of Directors.

The MoC stipulates setting up a joint vision between the governorate and OMRAN to create innovative incubators that support the development and establishment of small and medium enterprises (SMEs).
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

23/07/2022

Mobile phone subscriptions increase by 13.9% in May

Muscat: The total number of mobile phone subscriptions in the Sultanate of Oman increased by 13.9 per cent at the end of May 2022 to reach 6,187,816 compared to the same period in 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

Post-paid mobile phone subscriptions rose by 24.3 per cent by the end of May 2022 to reach 1,411,312 compared to the same period in 2021, while the number of pre-paid mobile phone subscriptions declined by 1.4 per cent to reach 4,776,504.
Among those subscriptions, 3,648,078 were through service providers and 1,128,426 through reselling.

Moreover, the number of active mobile broadband subscriptions increased by 6.2 per cent at the end of May 2022 compared to May 2021. Subscriptions to the fixed Internet service registered a rise at the end of May 2022 by 1.9 per cent to reach 524,916, compared to the same period in 2021.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

23/07/2022

Holiday announced for Muharram in Oman

Muscat: Sunday, 31 July, 2022 has been announced as an official holiday for employees of the public and private sectors on the occasion of the Holy Prophet’s Hijra Anniversary and the advent of the new Hijri year 1444 AH.

This was stated in a ministerial decision issued by the Ministry of Labour reading as follows:
“On the occasion of the Holy Prophet’s Hijra Anniversary and the new Hijri year 1444 AH, and as the first day of Muharram falls on the weekend, Sunday 31 July 2022 has been decided as an official holiday for employees of the State’s Administrative Apparatus and other legal entities, as well as establishments of the private sector. The moon-sighting of the month of Muharram will be announced by the departments concerned.

Employers may agree on terms to engage employees on the said holiday—if deemed necessary due to the nature of their work—provided they compensate the workers for the holiday”.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

19/07/2022

Oman's crude oil production rises by 12.9%

Muscat: The Sultanate of Oman’s production of crude oil and condensates recorded an increase of 9.4 per cent by the end of May 2022 to reach 157,462,200 barrels compared to May 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

Separately, crude oil production saw a rise of 12.9 per cent by the end of May 2022, while condensates production declined by 2.4 per cent.
The total average price for crude Oman oil recorded a surge of 46 per cent to reach $80 per barrel compared to $54.8 per barrel in 2021.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

19/07/2022

Tax Authority urges people to submit tax returns by end of this month

Muscat: The Tax Authority has urged those who are subject to value added tax to submit tax returns for the second quarter of 2022 by the end of July 2022.

"To implement the provisions of the Value Added Tax Law and its Executive Regulations, the Tax Authority calls on those who are subject to the same tax to submit their tax returns for the second quarter of 2022, according to the tax declaration form. The form is available through the electronic services portal: www.taxoman.gov.om," Tax Authority said in a statement.
The Authority also urges people to submit all the required financial data according to the forms. The deadline for submitting is July 31
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

19/07/2022

Delegation briefed about immense opportunities in Salalah Free Zone

Muscat: The existing and potential investment opportunities and the world-class infrastructure that meet the requirements of investors, were conveyed to a delegation on their visit to the Salalah Free Zone and Port.

The media delegation comprising reporters of Arab and foreign news agencies were also acquainted with the transport system, the logistics sector and the available business opportunities in Dhofar Governorate.
The visit comes within the delegation’s visit to the Governorate to promote economic, investment and tourism projects.

During the visit to Salalah Free Zone, the delegation was briefed by Ahmed bin Said Tabook, Director General of Commercial Affairs at Salalah Free Zone.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

19/07/2022

Sultanate preparing new strategy for SME sector

Muscat: A strategy is being prepared for the Small and Medium Enterprises (SMEs) sector in line with Oman Vision 2040 by the Authority for Small and Medium Enterprises (ASMED).

The new strategy seeks to extend a supportive environment for SMEs through the development of mechanisms and programmes that strengthen the integration of all entities related to entrepreneurship.
It is also being prepared to augment the contribution of SMEs to the gross domestic product (GDP), raising the Sultanate of Oman’s indicators in the field of entrepreneurship and also to bring in new initiatives to generate employment opportunities in the country.

The total number of SMEs registered at ASMED at the end of May 2022 increased by 46.9 per cent to reach 78,089 compared to 53,166 SMEs during the same period in 2021, according to the data released by the National Centre for Statistics and Information.
#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

19/07/2022

Indigo to add more flights between India and Oman

Muscat: Indigo Airline will operate four weekly flights from Charan Singh International Airport to Muscat International Airport and two weekly flights from Trivandrum International Airport to Muscat International Airport.

"Oman Airports congratulates Indigo Airline on the launch of the two new destinations coming from Chaudhary Charan Singh International Airport to Muscat International Airport with four flights per week and from Trivandrum International Airport to Muscat International Airport with two flights per week. Wishing them more progress and safe journeys," Oman Airports said in a statement.
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#مسقط
#عمان #اكسبلور #گویاعمان #گویا #عمان #اخبارعمان #خبر #خبرآنلاین #مسقط ⁣

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