Muscat: About 2.3 million metric tonnes of plastic are thrown away every year in the Sultanate of Oman, which is more than any other recyclable material. A report issued by be’ah (Oman Environmental Services Holding Company) as part of the company’s Sustainability Report for 2022 says that if the waste can be recycled locally, OMR530 million can be made per year. The study found that plastic garbage is by far the most destructive to the environment since
Oman’s Civil Aviation Authority (CAA) is also working on other aviation initiatives to improve the sector. The Oman Civil Aviation Authority (CAA) has started that work on Muscat International Airport’s southern runway and taxiways is going well, according to a story in the Oman Observer that was based on a media briefing. According to the article, the airport is being built at a cost of more than RO 21 million ($54.4 million). The new runway, which will be Muscat’s second of its
Local license in Oman As part of a plan to improve its economy, Oman announced in 2020 a new law called the Foreign Capital Investment Law (FCIL). This law lets companies that are owned by foreigners operate in Oman. The minimum share capital requirement was also taken away by the new FCIL. To start a limited liability company, foreign companies and people must have an Omani national partner with at least a 30% stake in 37 protected sectors.
The Korea-Oman Green Hydrogen Strategy Forum 2022 was held at the OCEC (Oman Convention and Exhibition Center) on December 5, 2022. It was put on by the Korean Embassy and the H2KOREA (Hydrogen Convergence Alliance of Korea). Sponsors from Oman and Korea, like HyFly, Birba Energy, and KOTRA, helped pay for the Forum. Keep reading: Company Registration Process in Oman Salim al Aufi, the Minister of Energy and Minerals, was there, as were officials from the Ministry
Why not start your own business in Oman? It’s a great place to do business. Oman has been trying to increase the variety of business opportunities in the country by making it easy for foreign investors to set up shop in the Sultanate. If you think your next business opportunity is in Oman, you can use this 7-step guide to help you register your company. Choosing the Right Company Structure There are a few different types of business entities in Oman from which
MUSCAT: Eng Salim bin Nasser al Aufi, the Minister of Energy and Minerals, said here on Tuesday that supporting regulations for Oman’s new green hydrogen industry should be out by the end of the first quarter of 2023. At the Green Hydrogen Summit Oman 2022, which is taking place in the city, Al Aufi urged interested investors to go ahead and register their interest on a new platform set up by the Omani government to make sure that green hydrogen projects
The Dh10 billion investment alliance between Abu Dhabi holding company ADQ and Oman Investment Authority will go after a number of different sectors. ADQ made a separate deal with Oman’s Information, Communication, and Technology Group, a wholly-owned subsidiary of OIA, for a Dh592 million venture capital fund to invest in high-growth tech companies in Oman. They also found “preliminary investments” worth more than Dh30 billion that need to be evaluated further in new projects in Oman in areas like hydrogen, solar
All GCC residents, no matter what they do for a living, can now enter Oman from any border for business, tourism, or any other reason. Local media said that residents still need visas, which they can get when they arrive at any GCC border post. According to a circular from Oman Airports, Oman currently lets all GCC residents with a valid residence and work visa from the UAE, Bahrain, Kuwait, Saudi Arabia, or Qatar, no matter what they do for a living,
The Ministry of Transport, Communications, and Information Technology has brought together groups of local and foreign investors in the governorate of Dhofar to host and process data. As a result of a partnership between local and international digital innovation companies, Green Data City is building a large data centre to store, process, and mine data for applications like distributed ledger technologies, blockchain, and Fintech. The ministry’s job is to get digital investments in advanced technologies like data hosting and data processing to
Oman is a outstanding location to begin a enterprise, which has lengthy been protected through empire developers for its frankincense and metallurgy, occupies a strategically vital place withinside the vicinity. The Sultanate stocks its border with most important oil-generating countries. Oman is expected, supported through a properly deliberate Oman 2040 imaginative and prescient to turn out to be one of the vital enterprise hubs withinside the MENA vicinity soon. The diversification coverage of the authorities has added a couple of possibilities