OIA unveils $9bn national building programme
Projects span several sectors including energy, food, healthcare and industrial
As part of the country’s ongoing 51st National Day celebrations, the Oman Investment Authority (OIA) has unveiled 13 projects totally $9bn. The projects embody the OIA’s strategy that aligns with Oman Vision 2040, said Nassir Sulaiman Al Harthi, deputy chairman of OIA.
According to a report by the Oman News Agency (ONA), the OIA sees various goals for implementing the projects. They enhance efforts to diversify Oman’s economy, attract investments, empower government-private sector partnership, provide jobs for Omani citizens and realize fiscal sustainability, said Al Harthi.
Al Harthi listed the projects as follows:
1. Liwa Plastic Industries project at Sohar Port aimed to bolster the sector of converting industries and energy
2. Liquefied Petroleum Gas project in Salalah to realise high added value from Omani gas
3. Petroleum Coke Installation at Sohar Free Zone, whose annual production capacity stands at 500,000 tons that can be increased in upcoming stages
- Ibri Solar Plant project, which encourages the use of renewable energy to meet local demand for electrical power5. Al Murooj Dairy Products, the first food security project of its kind in the Sultanate of Oman and the GCC. It will target camel and cattle breeders in Dhofar and Al Wusta governorates and other small and medium enterprises6. Al Bashayer Meat project, an integrated livestock rearing and meat processing project operating in three centres around the country, in addition to a veterinary clinic
7. A shrimp farm in Jaalan Bani Bu Hassan focusing on white-leg shrimp. It is the first commercial project of its kind targeting 4,500 tons per annum
8. Khazaen Land Port (dry port) in South Al Batinah, which falls in Khazaen Economic City. It will serve as an important link among seaports, airports and land ports and connects major business and industrial zones
9. The One-Stop-Station in Salalah, which serves as a single platform for government audit and inspection departments. It works in close coordination with ‘Bayan’ risk management system to facilitate import and export operations
10. Ahjar Quarry Company based in the Wilayat of Liwa and implemented as part of partnership with the private sector. This mining project covers an area of two square kilometres. The license was first awarded for the exploitation of Gabbro area in 2019. The project is aiming for five metric tons per annum and it is expected to last 50 years
11. Karwa Motors project in Duqm, which is a partnership between the Sultanate and Qatar. It is designed to produce three types of hi-tech made-in-Oman school buses and city transport buses
12. Oman International Hospital project, a government-private sector partnership, will provide advanced healthcare services to citizens and residents in Oman, with emphasis on maternity and paediatric medicine, cardiology, ophthalmology and orthopaedics
13. Ducit2 Naseem Resort in Al Jabal Al Akhdar, which boats 250 state-of-the-art hotel rooms and an adventure park covering an area of 8,000sqm
