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The prime minister’s spokesman said the sale will help secure British jobs and “further enhance the strong strategic relationship between the UK and Oman”. The aircraft are partly being built by BAE systems. The company, which makes the aircraft with European partners, said: “Oman is a country with which we have a long and valued […]

Oman, Antwerp sign port deal

Quoting various sources including IHS Global Insight, LR-Fairplay’s Daily News reports that Antwerp has reportedly signed a deal with Oman’s government to set up a company to manage the new port of Duqm in the Gulf country’s eastern Al Wusta region. “The government and Belgian port of Antwerp will each have 50 per cent shareholding […]

The first hanging bridge in Oman, Khor Al Bath, connecting mainland Sur and the village of Aijah, has been completed. A project of the ministry of regional municipalities and water resources and executed by Strabag Oman, the bridge spans 204m with the biggest span measuring 140m. Construction of the bridge started in February 2008. The […]

Oman port officially opened

The new marine port Shanna in Oman was officially opened at the weekend. The RO.9.7 million ($25.19m) was opened by the Transport and Communications Ministry at an official ceremony on Saturday.

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.