AGP Executive Report
Last update: 7 hours agoSatellite connectivity: Mohammed Al Barwani Satellite Company has partnered with ST Engineering iDirect on ground systems for Oman’s sovereign satellite network, with services planned for 2027. Separately, ETCO Space and UK firm Open Cosmos will build Earth-observation capabilities for coastal monitoring and energy, minerals and security applications. Energy: PDO awarded SLB a five-year well-stimulation contract for Block 6, while OQEP is targeting production of 300,000 barrels of oil equivalent a day by 2030. Industry: Al Batinah Development & Investment Holding completed its acquisition of Oman’s veterinary medicines manufacturer, now renamed Oryx Veterinary and Pharmaceutical Industries. Oman is also advancing smart manufacturing through a Gulf industry initiative. Investment: UK-based Yamna is preparing a $1.3 billion AI data centre project in Salalah, and the Oman Investment Authority is leading a $500 million fund for Central Asia and the Caucasus. Trade pressures: Oman’s import prices rose 11.7% year on year in the second quarter, with mineral fuel costs up 45.5%; disruption around the Strait of Hormuz continues to weigh on shipping.
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