RIYADH: Oman awarded projects worth 734 million Omani rials ($1.9 billion) and issued new tenders valued at 365 million rials in the first seven months of 2026, as the sultanate stepped up infrastructure and public service investment.
The Public Authority for Projects, Tenders and Local Content said it awarded 74 projects during the period while issuing 60 new tenders across transport, healthcare and flood protection, the Oman News Agency reported.
The projects align with the strategic priorities of Oman Vision 2040, supporting the Sultanate’s long-term economic diversification strategy by improving public spending efficiency, accelerating project execution, and enhancing public services.
The activity comes as the Ministry of Finance allocated about 11.98 billion Omani rials under the 2026 state budget, up 1.5 percent from the 2025 approved level, while total revenue is projected to exceed 11.4 billion rials.
The authority said the tenders issued this year were part of efforts “to raise the level of services provided to citizens and residents, and enhance the efficiency of public spending in line with the strategic priorities of Oman Vision 2040,” the ONA report stated.
