Latest news with #projects
Times of Oman
2 days ago
- Business
- Times of Oman
Tender Board awards tenders worth over OMR100 million
Muscat: The Tender Board, chaired by Dr. Said bin Mohammed Al Saqri, Minister of Economy, on Wednesday awarded several tenders and supplementary works for developmental projects across multiple sectors during its second meeting this year (2025), with a total value of OMR100.915 million. The approved tenders include: 1- A four-year government agreement for Oracle software licenses valued at OMR33,180,391. 2- A road paving project for Seih Jreen, Al-Aqeedah, Al-Saleel, and Al-Bateen roads in the Wilayat of Al Qabil, North A'Sharqiyah Governorate, worth OMR12,423,487. 3- An asphalt road construction project in the Wilayat of Dhank, A'Dhahirah Governorate, valued at OMR8,199,986. 4- Dual-carriageway project in the Wilayat of Diba, Musandam Governorate, worth OMR4,885,739. 5- Asphalt road maintenance in Al Buraimi Governorate, valued at OMR3,970,186. 6- Provision of technicians for operating and maintaining medical equipment at Nizwa Hospital and other health institutions in A'Dakhiliyah Governorate, worth OMR3,304,444. 7- Beautification works for the Hayy Souq Al Mal area (CBD) in Muscat Governorate, valued at OMR3,288,137. 8- Improvement works for the Al Shuwaymiyah mountain pass in Dhofar Governorate, worth OMR3,204,899. 9- A five-year internet service contract for the Ministry of Commerce, Industry, and Investment Promotion and its affiliated directorates, valued at OMR1,012,210. 10- Periodic maintenance for radiology equipment at The Royal Hospital, worth OMR787,750. 11- Periodic maintenance for ventilators across various health institutions, valued at OMR783,094. 12- Renewal of the lease for the Specialized Institute for Vocational Training for Teachers, worth OMR394,470. 13- Renewal of the contract for blood gas analyzers at The Royal Hospital, valued at OMR236,019. 14- Renewal of the lease for the Omani Hajj Mission building in Makkah, worth OMR235,704. 15- A contract for educational services for students with autism spectrum disorder, valued at OMR230,200. 16- A media partnership agreement with a global network for the Oman International Investment Forum 2025, worth OMR211,750. 17- Reservation of exhibition space at the Arabian Travel Market in the UAE, valued at OMR187,045. 18- Provision of periodic maintenance for X-ray and CT scan machines in various health institutions at a value of OMR154,339. 19- Licenses renewal and supporting network devices in the data center at the Authority for Small and Medium Enterprises Development at a value of OMR153,066. 20- Provision of periodic maintenance for polymerase chain reaction machines in various health institutions at a value of OMR148,292. 21- Renewal of the advanced contract to support the human resources management system at a value of OMR147,861. 22- Provision of periodic maintenance for the emulsification system in various health institutions at a value of OMR96,073. 23- Additional works for the restoration of the southern runway and taxiways at Muscat International Airport, worth OMR4,826,163. 24- Supplementary engineering consultancy services for the Oman Botanic Garden project, valued at OMR3,792,073. 25- Additional works for annual asphalt road maintenance in A'Dakhiliyah Governorate, worth OMR3,716,328. 26- Supplementary works for annual asphalt road maintenance in Dhofar Governorate, valued at OMR2,624,262. 27- Additional works for maintenance of mountain dust roads in Dhofar Governorate, worth OMR1,913,617. 28- Supplementary works for maintenance of desert dust roads in Dhofar Governorate, valued at OMR1,723,363. 29- Additional works for slope stabilization along the Argut/Sarfeet road in Dhofar Governorate, worth OMR1,071,522. 30- Supplementary works for hygiene and pest control services at Sultan Qaboos University Hospital, valued at OMR672,216. 31- Design and construction of a link road for the parade ground in the Wilaya of Sohar, North Al Batinah Governorate, worth OMR485,965. 32- Additional works for the management of Oman's high-speed government network, valued at OMR366,485. 33- Supplementary works for the design and paving of internal roads in the Wilayat of Shinas, worth OMR316,162. 34- Additional consultancy services for the Bidbid-Sur dual-carriageway project (Phase 1), valued at OMR301,377. 35- Supplementary works for the design and paving of internal roads in Wadi Al-Hareem in the Wilayat of Yanqul, ADhahirah Governorate, worth OMR277,680. 36- Completion works for boys' school in the Wilayat of Al Awabi, South Al Batinah Governorate, valued at OMR269,900. 37- Infrastructure works for carriages sites in Dhofar Governorate, worth OMR227,317. 38- Consultancy services for the Shinas-Mahdah dual-carriageway project in North Al Batinah and Al Buraimi Governorates, valued at OMR220,653. 39- Additional consultancy services for the Muscat International Airport runway renovation project, worth OMR207,400. 40- Development works for Al-Husn area in the Wilayat of Al Khabourah, valued at OMR164,178. 41- General lighting maintenance for fishing ports across various governorates, worth OMR125,720. 42- Supplementary works under the framework agreement for the Wusool project, valued at OMR100,000. 43- Construction of eight classrooms and two teachers' rooms at Suhail bin Amr Basic Education School in the Wilayat of Shinas, worth OMR79,000. 44- Development of traditional irrigation systems for Falaj Al Buraimi in Al Buraimi Governorate, valued at OMR39,998. 45- Development of traditional irrigation systems for Falaj Sa'ara in Al Buraimi Governorate, worth OMR39,393. 46- Consultancy works for establishing scientific research centers, valued at OMR38,071. 47- Development and hosting support for the e-health portal, worth OMR26,145. 48- Engineering consultancy services for the design and supervision of Al Namaa Hospital in North A'Sharqiyah Governorate, valued at OMR24,882. 49- Consultancy services for schools in South Al Batinah Governorate, worth OMR23,276.
Bloomberg
2 days ago
- Business
- Bloomberg
Mideast Oil Giants Bring Their Billions in Search of LNG Riches
Save A new breed of investors is expanding into liquefied natural gas, one of the world's hottest commodities, offering billions of dollars for new projects and squeezing out established players. With billions of dollars at their disposal and strong government backing, national oil companies — primarily from the Middle East — have been splurging on global LNG production, with capacity set to nearly double in the next ten years.
Zawya
3 days ago
- Politics
- Zawya
Nigeria: Akwa Ibom, Rep Ime Okon attracts $1mln projects to constituents in two years
The Member representing Itu/Ibiono Ibom Federal Constituency of Akwa Ibom State in the House of Representatives, Hon. (Barr.) Ime Bassey Okon, says he has attracted projects worth over N1.7 billion to his constituency within the last two years. The lawmaker, who stated this during a mid-term media chat on Monday, said the amount was aside from help rendered to over 800 individuals who presented different needs and received his immediate assistance in cash and otherwise. Highlighting his legislative strides in his first two years, Okon noted that he has sponsored or co-sponsored eight bills and motions, including:• A bill to establish the Metallurgical and Material Engineers and Scientist Registration Board of Nigeria.• A bill to establish the Biomedical Engineers and Scientist Registration Board.• Motions on the urgent rehabilitation of the Calabar-Itu-Ikot Ekpene Road, the disparity between HND and BSc holders in security agencies, and the need to decongest correctional centres, among others. Okon, who is the Deputy Chairman of the House Committee on Inter-Governmental Affairs, said that in line with his constitutional duty of oversight, he actively participates as a committed member of ten House Committees, including Gas Resources, Healthcare Services, Host Communities, and Works. He added that he is also co-opted into three additional committees: Procurement, Basic Education, and Interior. He, however, listed a wide range of infrastructure, empowerment, and welfare projects facilitated by his office and valued at over ₦1.7 billion, surpassing the ₦200 million project limit typically allocated to members as constituency project funds. Some of the completed and ongoing projects listed by the lawmaker include:• Construction of a furnished six-classroom block at Technical School, Ayadehe, and a four-classroom block with toilet facilities at PCN Primary School, North Itam, Itu LGA.• Construction of the 1.5km Joshua Uwah Street, including installation of solar-powered street lights and a drainage system, in Mbak Itam III, Itu LGA.• Commissioning of an ultra-modern 450-capacity Civic Centre in Idoro and the ongoing construction of a 1000-capacity Civic Centre in Nkwa, Ibiono Ibom LGA.• Installation of solar-powered street lights in Ikot Obio Enang, Ikot Edok, and Ikpa Ikot Ubo/Ikot Usen, Ibiono Ibom LGA and Itu LGA.• Provision of solar-powered boreholes, roads with drainage and lighting, and digital tools.• Educational support through bursaries to over 300 students, including 18 Law School students.• Free medical outreach in Itu and Ibiono Ibom LGAs.• Empowerment through donation of cars, scholarships to children of deceased political stakeholders, and medical and welfare support to over 800 constituents.• Facilitation of employment opportunities in federal and state agencies, including the UUTH, Nigeria Police Force, and Federal Fire Service. Hon. Ime Okon, however, corrected the widespread misconception surrounding the 2025 constituency project allocation, clarifying that while each constituency is now allotted ₦1 billion worth of projects, no cash is handed directly to lawmakers, as all projects are executed by relevant Ministries, Departments, and Agencies (MDAs). 'It is important that I correct a popular misconception which has gained traction across the country, members are alleged to have been given N1 billion cash each for Constituency projects in the 2025 budget. There is no such thing; rather, each Federal Constituency is allotted Constituency projects to the tune of N1 billion in the 2025 budget. 'The difference this time is that, the project total worth was increased to N1 billion from N200 million. Also, I must emphasize that no member executes or administers projects. That is the duty of the various Ministries, Department ,and Agencies where the projects are domiciled,' he explained. He revealed plans for a massive empowerment programme later in the year, targeting skills development and financial upliftment of constituents. He called for continued media support, public collaboration, as well as prayers for the success of the State Governor, Umo Eno, Senate President Godswill Akpabio, and fellow federal lawmakers from Akwa Ibom State. Speaking, the state chairman of the Nigeria Union of Journalists (NUJ), Comrade Amos Etuk, noted that the mid-term briefing by Hon. Okon marks a strong reflection of visible, impactful, and people-centred representation. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Argaam
5 days ago
- Business
- Argaam
ACWA Power to use 85% of capital hike proceeds in new local projects: Exec
Abdulhamid Al-Muhaideb, CFO at ACWA Power Co., said as much as 75-85% of proceeds from the planned capital increase will be allocated to new projects within Saudi Arabia. In an interview with Al Ekhbariya TV today, June 15, the CFO confirmed the Saudi-listed company's plan to maintain net debt at SAR 20 billion, while also executing new projects worth SAR 34 billion during 2025. ACWA Power's project portfolio, according to the top executive, is valued at SAR 400 billion, comprising a power generation capacity of over 78 gigawatts and water desalination capacity of around 9.5 million cubic meters. The company aims to triple its assets under management (AUMs) to above $250 billion by 2030, he further stated. In June 2024, ACWA Power's board recommended increasing capital through a SAR 7.12 billion rights offering, according to Argaam 's data. Last May, the company secured the Capital Market Authority's (CMA) no-objection on its planned capital top-up through a SAR 7.12 billion rights issue. Shareholders are scheduled to vote on this proposal on June 30. Proceeds will be used to finance ongoing and future projects at SAR 5.28-5.98 billion. Further, up to SAR 1.41 billion will be geared towards funding mergers and acquisitions, while another SAR 351 million will be earmarked for other business purposes.
Zawya
05-06-2025
- Business
- Zawya
ACWA Power allocates majority of spending from rights issue on MENA projects
ACWA Power has allocated 53 percent to 60 percent of the proceeds from its 7.12 billion Saudi riyals ($1.9 billion) rights issue for spending in the Middle East and North Africa (MENA). The company expects to spend between SAR 3.7 billion and SAR 4.2 billion on current and future projects in the MENA region, the Saudi-listed company stated in its rights issue prospectus. The expenditure for Central Asia is expected to be between 22 percent and 25 percent, or SAR 1.5 billion to SAR 1.7 billion. Therefore, the total spend on renewable energy, water and gas projects will reach between SAR 5.2 billion and SAR 5.9 billion, the prospectus said. ACWA Power anticipates allocating a maximum of 20 percent of the proceeds, amounting to SAR 1.4 billion, for mergers and acquisitions. The potential allocation for general corporate purposes will reach a maximum of SAR 352 million. As of December 31, 2024, ACWA Power's portfolio comprises 94 projects in 13 countries, with a total investment cost of SAR 364.5 billion ($97.32 billion). The projects are a mix of renewable energy and storage, water desalination, green hydrogen, and flexible generation (conventional fuel). According to the prospectus, 52 projects are in operation at a total investment cost of SAR 196.9 billion, 24 are under construction valued at SAR 109.5 billion and 18 are in the advanced development stage worth SAR 58.1 billion. The company clarified that advanced development stage projects refer to ones where a preferred bidder has been selected, a long-term offtake agreement has been signed, or deals have been negotiated, where it has committed significant financial resources and reaching financial close is at an advanced stage. The company's shareholders will vote on the board of directors' recommendation to increase the capital through a SAR 7.12 billion rights issue on 30 June 2025. (Editing by Anoop Menon) (
