Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

CONSTRUCTION NEWS

Oman opens up $2.5bn PPP projects for foreign investment

Dec 29, 2020 2:33 PM

Oman has opened up around 33 projects and initiatives on a public-private partnership (PPP) basis involving investments worth over 2.5 billion for local and international investment said a report. The...

Oman has opened up around 33 projects and initiatives on a public-private partnership (PPP) basis, involving investments worth over $2.5 billion, for local and international investment, said a report. 
 
The sultanate’s solid waste management flagship, be’ah, is promoting an array of projects for local and foreign investment as part of its drive to sustain a circular economy centring on the solid waste sector, reported Oman Observer.
 
The biggest of these is a waste-to-energy Independent Power Project (IPP) utilising municipal waste for power generation – a venture estimated to cost $700 million.
 
Together with Petroleum Development Oman (PDO), be’ah has plans to support the development of another waste-to-energy project for the production of thermal energy, stated the report.
 
Additionally, the state-backed entity is looking at a $23.5-million worth biogas plant at the Barka landfill for the production of electricity, thermal energy and compost, it added.
 
The PPP ventures span across several key sectors such as the healthcare, agriculture and fisheries, food security, mining, manufacturing and logistics sectors, stated the officials of the Ministry of Commerce, Industry and Investment Promotion (MOCIIP) during a recent online seminar targeted at prospective international investors.
 
Hospitals and related healthcare ventures account for a third of the projects in the portfolio, they added.
 
The Public Authority for Special Economic Zones and Free Zones (OPAZ), which regulates all four of the country’s biggest free zone developments, is overseeing a string of mining-related investments, stated the report. The largest of these is a soda ash production plant at a cost of $145.64 million, it added.
 
Also available for investment are smaller-scale ventures, currently in the conceptual stage, that include a clinker manufacturing facility ($20.72m), quick lime production plant ($14.3m), and a ground calcium carbonate factory valued at $7.25 million, according to the report.
 
At Barka, just north of Muscat, the promoters of Khazaen Economic City, the sultanate’s first integrated manufacturing and logistics hub, has invited international firms to consider a range of investment opportunities, stated the report.
 
Wrapping up the portfolio of ventures for investment is a mixed-use development offered by the Public Authority for Social Insurance (PASI) valued at $113 million, it added.

CONSTRUCTION NEWS

L&T wins contract to build hospital in Oman Mar 28, 2024 11:41 AM

The Buildings & Factories (B&F) vertical of Larsen & Toubro Construction...

TotalEnergies to develop rooftop solar project at Oman expo centre Mar 20, 2024 12:49 PM

The Oman Convention and Exhibition Centre (OCEC) has officially...

Oman issues RFQs for 1,000MW wind projects Mar 20, 2024 10:55 AM

Oman s Nama Power and Water Procurement has issued requests for...

Srilankan group Santani to set up two wellness resorts in Oman Mar 14, 2024 20:09 PM

Oman Tourism Development Company (Omran) said it has joined hands...

United Solar breaks ground on $1.3bn Oman polysilicon factory Mar 13, 2024 12:12 PM

Oman-based United Solar Holding has broken ground on its major polysilicon...

Asyad floats tenders for Muscat Airport Free Zone Phase I Mar 12, 2024 20:22 PM

Asyad Group Oman s global integrated logistics provider has floated...