AGP Executive Report
Last update: 3 hours agoGovernment Contracts: Oman has removed the 5% retention requirement from standard government contracts and tightened penalties for project delays, while requiring stronger Omanisation and local sourcing. Energy Services: ABRAJ Energy Services signed a five-year PDO contract for nine workover hoists, including six new units scheduled to enter service from late 2027. Mining: Oman opened three concession areas covering 2,062 sq km to attract exploration and processing investment. Maritime & Logistics: The Muscat Maritime Resilience Forum is examining ways to protect supply chains and strengthen shipping networks. Digital Investment: A consortium plans a $3bn AI data centre in Oman, while PDO has launched initiatives to automate production. Oil & Gas: Oman’s oil output rose 12.3% to 305.14 million barrels in January–September, while exports increased 2.5%. Manufacturing: Oman Cement’s nine-month profit jumped 68.1% to RO9.88m, with higher sales and prices supporting growth.
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