National Projects Worth RO450 Million Completed: What This Means for Job Creation and Investment Opportunities in Oman
The Oman Investment Authority (OIA) has successfully completed 14 high-quality national projects valued at over RO450 million across various governorates in the Sultanate of Oman. These projects have generated approximately 1,350 new jobs in critical sectors such as food security, manufacturing industries, and water.
In the water sector, Nama Water Services Company executed four essential projects in Al Dakhiliyah, North and South Al Batinah, and North and South Al Sharqiyah governorates. These projects focus on enhancing water transmission lines to improve supply efficiency in densely populated areas experiencing rapid industrial growth. The initiatives aim to meet increasing water demand through 2040. The efforts included establishing a transmission network connecting stations across several states, alongside strategic reservoirs and pumping stations. The total investment exceeded RO408 million, with over RO112 million realized as local value through contracts with local companies and suppliers, including more than RO44 million allocated to small and medium enterprises. The projects also created 698 direct employment opportunities for Omanis.
In collaboration with the Public Establishment for Industrial Estates (Madayn), the Liwa Plastics Industries Complex attracted nine private sector projects valued at RO39 million. These ventures, scheduled to begin operations by the end of the year, are supplied with polymer materials by the OQ Group. They will generate over 500 direct and indirect jobs and contribute to industrial self-sufficiency by producing a range of advanced polymer products such as engineering polymers, packaging materials, medical supplies, automotive parts, and engineering industry products. This initiative supports economic diversification, foreign direct investment, and local market-driven industrial development, aligning with the Oman Investment Authority’s objectives of enhancing local value, supporting private sector empowerment, and developing small and medium enterprises.
The Oman Agriculture Development Company completed the Dates Industrial Complex project in Nizwa, investing RO17 million in this integrated post-harvest facility. Covering 35,000 square meters with an annual production capacity of up to 30,000 tons, the complex handles transportation, sterilization, storage, sorting, packing, and processing. It adheres to the highest standards of quality and food safety. Environmentally sustainable design features include solar energy utilization and water recycling. The facility spans over 18,000 square meters of processing halls and production spaces, with an integrated weighing and shipping station for receiving dates, vegetables, and fruits from local farmers.
The project also markets Omani date products under three brands: “Tamra” for luxury products, “Nizwa” for the local market, and “Zad Al Dar” for wholesale distribution. This branding strategy enables extensive consumer reach through cafes, shopping centers, and direct sales outlets. The complex has created 150 direct and indirect job opportunities.
These initiatives are part of the OIA’s “National Development Portfolio,” which manages investments across the Sultanate through more than 160 holding and subsidiary companies spanning vital economic sectors. The portfolio prioritizes financial sustainability, sector growth, GDP contribution, investment attraction, private sector integration, local content support, inter-company collaboration, and adherence to corporate governance and transparency aligned with global best practices.
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The Oman Investment Authority’s completion of over RO450 million in strategic projects signals robust growth opportunities in vital sectors like water, manufacturing, and food security, fostering economic diversification and fueling job creation. Businesses should capitalize on enhanced local supply chains and government-backed initiatives to integrate with expanding industrial clusters, while investors must watch for emerging ventures in advanced polymers and sustainable agribusiness as key drivers for long-term value and resilience in Oman’s evolving market landscape.
