SEOUL, June 22 (Korea Bizwire) — An international consortium led by South Korea’s top steel maker POSCO Holdings Inc. has won a project to develop and build a large-scale green hydrogen plant in Oman, POSCO Holdings said Thursday. The deal, signed between the consortium and Hydrogen Oman in the Omani capital of Muscat a day [...]
SEOUL, Nov. 23 (Korea Bizwire) — Nongshim Co., a major South Korean producer of snacks and instant noodles, said Wednesday it has won a bid to export a smart farm system to Oman, marking the first sale since it formed a dedicated in-house startup for the business in 2018. The Omani government has decided to [...]
SEOUL, Dec. 31 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., an affiliate of Hyundai Heavy Industries Group, said Friday it has exported ultrahigh-voltage power transformers to Oman’s state utility provider in a deal valued at US$8.5 million. The supply deal with the Oman Electricity Transmission Co., included the sales of three 400-kilovolt/500-megavolt ampere [...]
MUSCAT, Jul. 24 (Korea Bizwire) — A senior Omani official on Tuesday proposed a preliminary deal with South Korea to create a smart city in a special economic zone in his country, the South’s prime minister said. Prime Minister Lee Nak-yon said that Asa’ad bin Tariq Al Said, the Omani deputy prime minister for international [...]
SEOUL, Jan. 29 (Korea Bizwire) – Samsung Engineering’s longstanding dispute with the government of Oman has been resolved, and industry insiders expect the resolution to lead to increased business activity between the two down the road. According to industry watchers, the court at the International Centre for Settlement of Investment Disputes (ICSID) handling Samsung Engineering’s [...]
DOHA, Qatar, Nov. 25 (Korea Bizwire) – Fouad Maksoud was named the Arab world’s top innovator in a supercharged finale of Stars of Science. His journey on the ninth season of the Qatar Foundation (QF) hit TV show captivated audiences across the Middle East and beyond. While competition was fierce, Fouad and his Nano-shielding Textile [...]
SEOUL, Aug. 7 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major South Korean builder, said Monday that it has clinched a US$963 million deal to build process units of refinery facilities in Oman. Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain [...]
SEJONG, Nov. 1 (Korea Bizwire) – South Korean companies will participate in Oman’s large-scale energy and infrastructure projects totaling approximately US$27.1 billion, the trade ministry said Tuesday. The two countries came to an agreement at their economic cooperation committee meeting, according to ministry officials. The committee has been meeting every other year since 2009, this [...]
SEOUL, Aug. 27 (Korea Bizwire) – South Korea is stepping up efforts to cash in on a new emerging market in the Middle East’s Oman: the infrastructure sector which is estimated to be worth US$30 billion. Led by South Korean Deputy Minister Moon Jae-do, who is in charge of the Ministry of Trade, Industry and [...]