Oman Opens Up Over $2.5 Billion worth of Projects for Foreign Investment Published December 30th, 2020 - 07:15 GMT
The Public Authority for Special Economic Zones and Free Zones (OPAZ), which regulates all four of the country’s biggest free zone developments, is overseeing a string of mining-related investments. (Shutterstock)
Oman has opened up around 33 projects and initiatives on a public-private partnership (PPP) basis, involving investments worth over $2.5 billion, for local and international investment, said a report.
The sultanate’s solid waste management flagship, be’ah, is promoting an array of projects for local and foreign investment as part of its drive to sustain a circular economy centring on the solid waste sector, reported
Oman opens up $2.5bn PPP projects for foreign investment
MUSCAT, December 29, 2020 Oman has opened up around 33 projects and initiatives on a public-private partnership (PPP) basis, involving investments worth over $2.5 billion, for local and international investment, said a report. The sultanate’s solid waste management flagship, be’ah, is promoting an array of projects for local and foreign investment as part of its drive to sustain a circular economy centring on the solid waste sector, reported The biggest of these is a waste-to-energy Independent Power Project (IPP) utilising municipal waste for power generation – a venture estimated to cost $700 million. Together with Petroleum Development Oman (PDO), be’ah has plans to support the development of another waste-to-energy project for the production of thermal energy, stated the report.
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Work to develop green hydrogen project in Duqm begins
By: Times News Service
Muscat: OQ and DEME Concessions (DEME) announced the start of a joint project to develop a world-leading green hydrogen plant in the Special Economic Zone at Duqm under the Public Authority for Special Economic Zones and Free Zones (OPAZ).
The project fits well in the Sultanate’s renewable energy strategy fostering investments in renewable and alternative energy resources, also contributing to achieving the renewable energy targets of the Oman Vision 2040.
The Special Economic Zone at Duqm provides a strategic and competitive location to develop large scale green hydrogen production, given its centrality to global trade, the favourable wind and solar resources, the existing large port facilities and the proximity to a booming industrial zone.