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Seven groups are now in the fray for a contract award linked to the development of two major Independent Power Projects (IPPs) at Barka and Sohar in the Batinah region. In contention are consortiums led by International Power, ACWA Power, Mapna Group, GDF Suez, Marubeni Corporation, KEPCO/Saudi Oger Ltd, and Lanco Infratech Limited. Their bids […]

Oman keeping economic growth up

As global market fundamentals return to a more favourable outlook for 2010, Oman can be reassured that it has weathered the storm of 2009 without too much discomfort, and remains in good shape to take advantage of renewed trade and investment opportunities. The IMF anticipates 3.8% real GDP growth for the Sultanate in 2010 – […]

South Korea’s Daewoo Engineering and Construction Co Ltd signed a 6.6 million rials ($17.1 million) contract to build a fuel storage tank for a refinery in Oman, a tender board official said on Thursday. The contract is for an additional fuel tank at the Mina Al Fahal refinery.