Oman, China sign billion-dollar energy investment agreements

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Oman has signed a series of major energy investment agreements with Chinese institutions and companies, covering battery storage, wind power, solar energy, green ammonia and…

Oman has signed a series of major energy investment agreements with Chinese institutions and companies, covering battery storage, wind power, solar energy, green ammonia and renewable energy manufacturing, as part of efforts to strengthen bilateral investment and expand its energy sector.

The agreements were signed by the Oman Investment Authority (OIA) during the state visit of His Majesty Sultan Haitham bin Tarik to China, marking the first visit by an Omani Sultan to the country.

Among the major agreements, Nama Holding and State Grid International Development will cooperate on approximately $1 billion in battery energy storage projects, with a combined capacity of 1 gigawatt (GW). The initiative aims to strengthen Oman's electricity infrastructure and expand its energy storage capabilities.

In the renewable energy sector, O-Green and Shanghai Electric Wind Power Group signed a strategic partnership to develop wind energy engineering and industrial capabilities in Oman. The collaboration includes plans to establish a research and development centre and a wind turbine testing facility in Duqm, alongside cooperation in green ammonia development.

The investment package also includes a $100 million solar energy partnership combining renewable energy project development with the establishment of solar inverter manufacturing capabilities in Oman. The initiative is expected to support the country's domestic renewable energy supply chain and strengthen local industrial capabilities.

In addition, partnerships with IDG Capital, Templewater and EW Partners represent approximately $735 million in investments targeting several sectors, including clean energy, utilities, digital technology and smart manufacturing.

Abdulsalam Al Murshidi, President of OIA, emphasized the agreements reflect the evolution of Oman–China relations from trade towards investment partnerships supporting economic diversification, future industries, job creation and knowledge transfer.

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