The Engineering for the Petroleum and Process Industries Company (ENPPI) has won the Budour-Northeast Birba Integrated Project (BBIP) in Oman at a value of $355 million.

EFG Hermes, an EFG Holding company, has concluded its advisory role for Saudi Omani Investment Company (SOIC) as the sole global coordinator on the first accelerated bookbuild (ABB) executed in Oman’s capital markets.

Minister of Petroleum and Mineral Resources Karim Badawi mulled over exchanging expertise with Oman in the fields of mining development and oil and gas.

Talaat Moustafa Group Holding (TMG Holding) has launched two ground-breaking mixed-use projects, Yamal and Jood, in Oman, through its development arm Talaat Moustafa Muscat Real Estate Development Company.

TMG Holding penned an agreement with the Omani Ministry of Housing and Urban Planning to establish two mixed-use development projects, with a projected sales value of $4.7 billion

EFG Hermes, the investment banking arm of EFG Holding, has successfully advised on the $333 million initial public offering (IPO) of Asyad Shipping Company on the Muscat Stock Exchange (MSX).

The Egyptian Commercial Service (ECS) and the Omani Ministry of Commerce, Industry, and Investment Promotion signed a memorandum of understanding (MoU) to enhance investment promotion and export development.

SIDEUP, an e-commerce logistics services platform, has announced its entry into the Omani market, marking a significant step in its Middle East expansion strategy.

The Suez Canal Authority (SCA) signed a memorandum of understanding (MoU) with Omani Integrated Logistics Services (ILS Oman) to enhance cooperation in maritime operations and logistics services.

The cabinet has approved a presidential draft resolution on the Regular Air Services agreement signed between Egypt and Oman.

A consortium of Siemens Mobility and Hassan Allam Construction has been awarded the design, construction, and integration of the Abu Dhabi – Sohar Railway Systems contract by Oman – Etihad Rail, a joint venture co-owned by the UAE and Oman.

A consortium of five Egyptian real estate, contracting, marketing, consulting, and management firms is planning to execute a real estate project in Oman with investments of up to $1 billion.

Egypt and Oman are currently mulling over the establishment of a joint fund to pump investments into a number of sectors, Egyptian Minister of Planning and Economic Cooperation Hala Elsaid announced.

The trade exchange between Egypt and Oman surged 66% year on year (YoY) in 2022 to around $1.80 billion, versus $651 million.

Egypt and Oman are set to sign a double taxation avoidance agreement in May in Cairo.