Skip to content Skip to Search
Skip navigation

Oman to spend $2.6bn to build road infrastructure

By Reuters & Staff Writer
Road, Cliff, Nature Creative Commons
Spending increased by four percent to OMR2.77 billion in Q1 2023

The estimated cost of road projects in Oman stands at OR1 billion ($2.6 billion) for 2023, its minister of transport, communications and information technology Said bin Hamoud Al Maawali has said.

The ministry will focus on completing and constructing strategic road projects, boosting road efficiency and rehabilitation.

Khamis bin Mohammed Al Shamakhi, under-secretary for transport, said the government plans to construct and complete road projects with a total length of more than 1,300 km, Oman’s Daily Observer reported.

Projects include the completion of Al Sharqiyah Expressway (260 km), the construction of the Herweb-Al Mazyunah-Mitan road (210 km) in Dhofar and the construction of roads in Wilayat Muqshin (170 km) in Dhofar.

Plans are on the anvil to expand nine existing roads, including the dualisation of the 437 km Adam-Thamrait Road, which connects the Ad Dakhiliyah and Dhofar governorates.

In addition, the ministry aims to launch a set of road maintenance initiatives, such as an application for reporting road damages and using modern road construction technologies.

Latest articles

STC wants to consolidate the mobile tower market

STC approves PIF purchase of telecom company

Shareholders of Saudi telecom giant STC have approved plans to create a new telecommunications infrastructure company in which the Public Investment Fund will have a 51 percent stake valued at SAR8.7 billion ($2.3 billion).  Under the deal, the STC-owned Telecommunication Towers Co. Limited (Tawal) will become a PIF subsidiary through a merger with Golden Lattice […]

Flavio Cattaneo of Enel, of which Endesa is a subsidiary, and Mohamed Jameel Al Ramahi at the signing of the deal

Masdar buys stake in Spanish utilities company Endesa

The UAE’s state-owned clean energy company Masdar has agreed to acquire a minority stake in Spanish electric utility business Endesa to partner for 2.5 gigawatts (GW) of renewable energy assets in Spain. Under the agreement, subject to regulatory approval, Masdar will invest nearly $890 million to acquire a 49.99 percent stake in Endesa, with an […]

UAE markets Hong Kong

UAE capital markets partner with Hong Kong exchange

The Hong Kong Stock Exchange (HKSE) has added the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) to its roster of recognised marketplaces. The move opens the door for UAE-based companies to pursue secondary listings on one of Asia’s premier financial markets. It also follows the inclusion of the Saudi Exchange (Tadawul) […]

Person, Worker, Adult

Aramco and PIF invest in Saudi-Chinese steel venture

Saudi Aramco and the Public Investment Fund have doubled their investment in a steel plate joint venture with a Chinese company to $500 million. The two Saudi companies each own 25 percent shares in the new venture in Ras Al Khair industrial city, Bloomberg reported, quoting a statement published on the Chinese stock exchange. Chinese […]