Oman's Future Fund Oman (FFO), a USD-5.2-billion (EUR 4.54bn) investment vehicle managed by the Oman Investment Authority, has approved a package of strategic investments that includes plans for the Middle East's first integrated solar cell and module manufacturing plant, as the country seeks to expand its industrial base and diversify its economy.

Oman has opened a tender for technical consultants for the development of four solar projects, each with a capacity of 1,000 MW.

Shadid Capital, Shamel Petroleum Company and strategic partners have signed a joint venture agreement to develop the Oman Blue Infrastructure Platform (OBIP), an integrated…