AGP Executive Report
Last update: 7 hours agoInvestment: Oman signed 28 agreements worth more than RO304 million ($790 million) for projects in manufacturing, food processing and logistics across its economic zones and industrial cities. Major plans include a steel products plant in Sohar and a shrimp-feed facility in Duqm. Technology Finance: Muscat-based Phaze Ventures has secured more than $40 million in commitments for two AI and deep-tech funds targeting over $75 million, including a dedicated fund for Omani businesses. Industrial Innovation: Oman inaugurated a Makers Centre at Muscat Innovation Complex to help entrepreneurs and manufacturers develop digital production skills and turn ideas into market-ready solutions. Tax and Trade: Oman and Jersey signed an agreement to eliminate double taxation, aiming to give investors greater certainty and support cross-border trade. Energy Supply Chains: PDO brought together more than 30 partner companies to strengthen local capabilities and build resilience across Oman’s energy sector.
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