ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvents
More
Oman’s state-owned Nama Water Services (NWS) has unveiled an estimated OMR11 billion ($29 billion) capital expenditure plan to meet the country’s rising water demandOman’s state-owned Nama Water Services (NWS) has unveiled an estimated OMR11 billion ($29 billion) capital expenditure plan to meet the country’s rising water demand

Oman unveils $29bn plan to meet water demand by 2050

Author: AgbiSource: Agbi
2025/12/16 16:34
Nodewaves
NWS$0.000529-2.39%

Oman’s state-owned Nama Water Services (NWS) has unveiled an estimated OMR11 billion ($29 billion) capital expenditure plan to meet the country’s rising water demand up to 2050.

The investment aligns with the country’s Vision 2040 strategy and aims to support a population projected to double to 9 million over the next 25 years, the Oman Daily Observer reported, quoting a presentation by Abdulhakeem Al Dhuhli, master planning and strategic investments manager at NWS.

Under its 2025-2027 capex plan, the subsidiary of Nama Group has allocated OMR666 million, including OMR453 million for water projects and OMR213 million for wastewater infrastructure.

The investment includes more than 225 projects, comprising 113 water supply projects and 112 focused on wastewater treatment and network expansion.

The three-year plan will also add more than 8,000km of pipeline network, construct 202 reservoirs with a combined capacity of 1.8 million cubic metres and build 90 pumping stations, the report said.

In addition, the wastewater programme includes the construction of 28 sewage treatment plants and the addition of over 1,500km of network lines.

Water coverage is predicted to rise from 73 percent to 96 percent, while wastewater coverage is forecast to increase from 29 percent to 75 percent by 2040.

Further reading:

  • Oman’s farmers demand dams to protect livelihoods
  • Oman signs food security deals with farmers
  • Funding model for water tech ‘holds back Gulf innovators’

The strategy also includes the option to develop projects through public-private partnerships, the report said, without giving details.

In January Oman estimated a budget deficit of OMR620 million for 2025, with spending likely to reach OMR11.8 billion, a 1.5 percent increase year on year.

Nearly OMR5 billion, or 42 percent of public spending, has been earmarked for social and basic sectors, with 39 percent allocated for education, 28 percent for social security and 24 percent for healthcare.

Market Opportunity
Nodewaves Logo
Nodewaves Price(NWS)
$0.000529
$0.000529$0.000529
+0.76%
USD
Nodewaves (NWS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Shanghai residents flock to sell gold as its price hit record highs

Shanghai residents flock to sell gold as its price hit record highs

The post Shanghai residents flock to sell gold as its price hit record highs appeared on BitcoinEthereumNews.com. Gold surged over the $5,500-per-ounce milestone
Share
BitcoinEthereumNews2026/01/31 01:48
Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40