AGP Executive Report
Last update: 6 hours agoMining Investment: Oman has opened three mineral concession areas spanning 2,062 sq km, inviting investors to explore deposits including copper, chromite, gold, nickel and manganese. Government Contracts: New rules scrap the 5% retention on contract payments to ease contractor cash flow, while requiring recovery plans for projects 5% behind schedule and reviews at 15%. Local Content: PDO awarded five-year hoist contracts to Abraj Energy Services and Shaleem Petroleum for 15 units, with six to be assembled in Oman and projected savings of 7% against current rates. Investment Pipeline: Oman is advancing a £1bn-plus UK-backed AI data-centre plan in Salalah, while the Oman Investment Authority leads a $500m fund for Central Asia and the Caucasus. Energy & Industry: Oil output rose 12.3% to 305 million barrels in the first nine months of 2026, and Oman Cement reported a 68.1% profit increase.
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