Oman Electricity Transmission Company has awarded power contracts worth $640 million to supply electricity to eight new towns under construction, it said in a statement. The state-owned power company did not name the businesses that had won the contracts to build and extend grid stations and transmission lines. The Omani authorities have announced a number […]Oman Electricity Transmission Company has awarded power contracts worth $640 million to supply electricity to eight new towns under construction, it said in a statement. The state-owned power company did not name the businesses that had won the contracts to build and extend grid stations and transmission lines. The Omani authorities have announced a number […]
Oman awards $640m power supply contracts
Oman Electricity Transmission Company has awarded power contracts worth $640 million to supply electricity to eight new towns under construction, it said in a statement.
The state-owned power company did not name the businesses that had won the contracts to build and extend grid stations and transmission lines.
The Omani authorities have announced a number of new town projects this year. In October it launched seven community developments designed to provide 12,000 homes.
Under the $1.8 billion project, 9,000 plots of land will be allocated to Omani citizens to build homes using subsidised government loans.
State-owned Oman Housing Bank will offer Omani first-time buyers loans with a 2 percent interest rate, rather than the 6 percent typical of commercial lenders.
In May Oman announced plans to build two low-carbon cities in the mountain region of Jebel Akhdar and in Muscat’s Bawshar Heights. Properties will be available to Omanis, expatriates and investors.
Further reading:
- Airbus to build Oman’s first communications satellite
- Developers rush to buy plots next to Oman-UAE railway
- Oman and China start work on $1bn clean energy projects
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
Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip
The post Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip appeared on BitcoinEthereumNews.com. Gold is strutting its way into record territory, smashing through $3,700 an ounce Wednesday morning, as Sprott Asset Management strategist Paul Wong says the yellow metal may finally snatch the dollar’s most coveted role: store of value. Wong Warns: Fiscal Dominance Puts U.S. Dollar on Notice, Gold on Top Gold prices eased slightly to $3,678.9 […] Source: https://news.bitcoin.com/gold-hits-3700-as-sprotts-wong-says-dollars-store-of-value-crown-may-slip/
Share
BitcoinEthereumNews2025/09/18 00:33
US Judge Sentences Do Kwon to 15 Years for Terra Fraud Role
The post US Judge Sentences Do Kwon to 15 Years for Terra Fraud Role appeared on BitcoinEthereumNews.com. Do Kwon, co-founder of Terraform Labs, was sentenced to
Share
BitcoinEthereumNews2025/12/12 11:16
SEC New Standards to Simplify Crypto ETF Listings
The post SEC New Standards to Simplify Crypto ETF Listings appeared on BitcoinEthereumNews.com. The United States Securities and Exchange Commission (SEC) approved a new standard for crypto ETF listings on Wednesday. The standard is created to simplify the working of exchanges in terms of the process followed for crypto ETP listings. This makes it possible to to avoid the cumbersome route of case-by-case approval being followed so far. With this change, exchanges can bypass the 19(b) rule filing process. It is a review that can stretch up to 240 days and demands direct SEC approval before an ETF can launch. Instead of going through the tedious and lengthy review process, the SEC has set up a system that allows exchanges to act more quickly. Now, when an ETF issuer presents a product idea to exchanges like Nasdaq, NYSE, or CBOE, the exchange can move ahead as long as the proposal meets the generic listing standard. This means that strategies based on a single token or a basket of tokens can be listed without waiting for individual approval. New Standards Will Ease Crypto ETF Listings: SEC Chairman According to the Chairman of the SEC, Paul Atkins, this move is aimed at making it easier for investors to access digital asset products through regulated U.S. markets. He noted that by approving generic listing standards, the agency is helping U.S. capital markets remain a global leader in digital asset innovation. At the same time, the SEC approved the Grayscale Digital Large Cap Fund, a fund made up of Bitcoin, Ethereum, XRP, Cardano and Solana. Furthermore, the SEC also approved a new type of options linked to the Cboe Bitcoin U.S. ETF Index and its mini version. This step further expands the range of crypto-linked derivatives available in regulated U.S. markets. How Will SEC General Listing Standard Impact Altcoin Crypto ETF Market? The SEC’s updated listing standards could clear…
Share
BitcoinEthereumNews2025/09/18 21:38