Project Oman 2025
"Project Oman 2025" encompasses a series of significant initiatives and events aimed at transforming Oman into a hub for sustainable development, infrastructure, and international collaboration. Here's an overview of key components:
This premier construction and infrastructure event will be held at the Oman Convention and Exhibition Centre in Muscat. It serves as a platform for showcasing innovations in building materials, construction technology, and urban development. The exhibition is expected to attract industry leaders, manufacturers, and decision-makers from around the world
Highlights include:
- Exhibitions featuring the latest construction products and technologies.
- A conference addressing topics such as sustainable construction, smart cities, digital construction, and infrastructure development.
- B2B matchmaking services to facilitate business partnerships.
Major Infrastructure Projects
Oman is advancing several large-scale projects aligned with its Vision 2040 goals:
- Sultan Haitham City (Phase I): Scheduled for completion in 2025, this development will provide 1,200 new housing units. Subsequent phases aim to address housing needs in areas affected by recent climate events
- Oman Cultural Complex & Botanic Garden: These cultural and environmental projects are set to open in 2025, enhancing Oman's tourism and cultural infrastructure.
- Al Sharqiyah Expressway & Khasab-Daba-Lima Road: Major road projects aimed at improving connectivity and supporting economic growth.
Sustainable Energy Initiatives
Oman is investing in renewable energy to power its industrial projects:
- Marsa LNG Project: A joint venture between TotalEnergies and OQ, this project includes a liquefaction plant at Sohar Port and plans for a 300 MW solar facility to supply power to the plant. Production is expected to commence in early 2028.
UAE–Oman Bilateral Agreements
During a state visit in April 2024, the UAE and Oman signed agreements worth $35.12 billion across various sectors:
- Energy & Industry: A $31.8 billion agreement focusing on wind, solar, and green metals production.
- Technology: A $180 million technology fund established by Abu Dhabi's sovereign wealth fund ADQ and the Oman Investment Authority.
- Transport: An $3 billion rail connection agreement between the two nations.