Muscat: With a combined investment value of RO 322.7 million, these projects span multiple sectors, from renewable energy to agriculture, desalination, and infrastructure development.
In a statement, Hisham bin Ahmed Al Shaidi, Head of Economic Diversification Investments at OIA, highlighted that these projects align with Oman’s ambitious “Vision 2040” and its economic diversification objectives. He noted that the projects, developed in partnership between OIA’s affiliated companies and the private sector, are designed to boost critical economic sectors while supporting local communities and infrastructure.
Among the flagship projects is the Manah Solar Power Plant (Phases I and II), with a total cost of RO 150 million. Implemented by Nama Power and Water Procurement Company in collaboration with Ashraq Sembcorp Jinko, the plant will contribute significantly to Oman’s renewable energy goals, aiming to meet 10% of electricity production from renewable sources by 2025.
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Another major project, the Central Market for Vegetables and Fruits (Salal), has been developed with an investment of RO 50 million. This facility will enhance the agricultural and trade sectors, providing infrastructure to expand import-export activities, improve food security, and support local produce. It is expected to create 375 direct and indirect jobs.
The Barka Desalination Plant (Phase V), valued at RO 50 million, will strengthen water resources in the region by enhancing storage capacity and improving water distribution systems. The project is expected to generate RO 21 million in local content during its construction phase, benefiting small and medium-sized enterprises.
In the industrial sector, the Fish Canning and Value-Added Complex in Duqm aims to elevate the value of Oman’s fish industry. With a cost of RO 27.7 million, this project is set to create 640 jobs while contributing 14% annually to the local economy through increased value-added fish products.
In a move to enhance the quality of life for citizens, the Sewage Network in Sahalnout (Phase I), valued at RO 45 million, is designed to improve infrastructure and raise service standards in the region.
