Latest Developments

JBB Wind IPP reaches financial close

Jaalan Bani Bu Ali (JBB) Wind IPP reached financial close on 11 August 2026 — independently confirmed across MEES, MEED, GCC Business News and EDF's own regional news page. Commercial operation is targeted for Q3 2027.

Sohar Port and Freezone reports 52% H1 2026 cargo growth, $6.82bn cumulative investment

Sohar Industrial Port Company reported H1 2026 results showing 52% cargo-throughput growth, alongside a cumulative $6.82bn historical investment figure (distinct from the separate $1.7-1.8bn 2026 investment-programme range). Reported approximately August 2026.

Hafeet Rail reaches 40% construction completion

The Government of Oman's own confirmation (fm.gov.om) reported Hafeet Rail construction at 40% completion, with over 27 million cubic metres of earthworks completed and tunnelling advancing through the Hajar Mountains. Reported April 2026.

SEPCO3/Doosan Enerbility consortium appointed EPC contractor for Misfah and Duqm CCGT plants

The Shandong Electric Power Construction No. 3 Company (SEPCO3) / Doosan Enerbility consortium was appointed EPC contractor for both the Misfah IPP (1,600MW) and Duqm IPP (800MW) CCGT plants; Doosan's contract portion alone reported at $683M. Reported approximately Q3 2025 — exact day not independently confirmed.

Tender Board Secretariat renamed Projects, Tenders, and Local Content Authority (Royal Decree 57/2025)

Oman's public procurement authority was renamed from the Secretariat General of the Tender Board to the Projects, Tenders, and Local Content Authority (PTLCA) by Royal Decree 57/2025 — a material 2025 institutional restructuring. Exact date within 2025 not independently confirmed this pass.

Personal Income Tax Law issued (Royal Decree 56/2025)

Oman issued its first-ever Personal Income Tax Law via Royal Decree 56/2025, a major recent legal reform. Exact issuance date within 2025 not independently confirmed this pass; year confirmed via Oman's official Decree tracking portal (decree.om).

New Banking Law (Royal Decree 2/2025) takes effect, repealing Royal Decree 114/2000

Oman's new Banking Law (Royal Decree 2/2025) took effect 1 January 2025, expressly repealing and replacing the predecessor Royal Decree 114/2000. Reorganised Central Bank of Oman governance (Governor replacing Executive President) followed under Royal Decree 3/2025.