AGP Executive Report
Last update: 5 hours agoRenewables Push: Oman plans to lift renewable electricity to 30% by 2030, 60–70% by 2040 and 90–100% by 2050, building on Dhofar I wind (2019), Ibri II solar (2021) and 1GW of new solar commissioned in 2025, with 2027–2031 projects (solar, wind and waste-to-energy) targeting up to 10.6GW. Power & Engineering Deals: Doosan Enerbility won about $670m (930bn won) to build a 1,700MW Misfah combined-cycle gas plant near Muscat, due April 2029, as Oman continues major generation upgrades. Aviation Leadership: Oman Air appointed Nasser Al Sharji as CEO from 1 September 2026, while SalamAir named Yaqoob Al Kiyumi as CEO effective 1 October 2026, both aimed at the next growth and transformation phase. Port & Logistics Resilience: Sohar Port and Freezone handled 545,000 TEU in H1 2026 (+40%) as Hormuz disruption reshaped flows; DP World also moved 500,000 TEUs overland across the GCC since March, adding 700 trucks and a bonded corridor from Sohar. Hormuz Risk Watch: Three ships were hit in the Strait of Hormuz with casualties reported, pushing oil to a three-week high and keeping shipping safety a top business concern. Sustainability Rules: Oman’s FSA made IFRS S1 and S2 mandatory for the non-banking financial sector from 1 Jan 2029, with Scope 3 disclosures starting for periods from 1 Jan 2030. Oman–India Trade: Oman said ties with India are shifting toward strategic partnerships under CEPA, with opportunities in trade, manufacturing, logistics and ports.
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