Latest news with #Tasnee
Muscat Daily
16-06-2025
- Business
- Muscat Daily
MoCIIP signs agreements to boost industrial sector growth
Muscat – In a major step towards enhancing industrial competitiveness and empowering national talent, the Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) on Monday signed a series of strategic agreements with key government bodies and private sector partners. The signing ceremony, held under the patronage of H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry, and Investment Promotion, was attended by H E Dr Said bin Mohammed al Saqri, Minister of Economy; H E Dr Saleh bin Said Masan, Undersecretary for Commerce and Industry; H E Mohammed bin Sulaiman al Kindi, Governor of North Al Batinah; and several senior officials and private sector executives. H E Dr Masan described the agreements as a significant milestone in strengthening Oman's industrial capabilities. He reaffirmed the ministry's commitment to investing in human capital, calling it a cornerstone of a sustainable, knowledge-based economy. 'These agreements support the goals of the Industrial Strategy 2040, which aims to establish a diversified and technology-driven industrial sector,' he said. Among the key agreements was a Memorandum of Understanding (MoU) between MoCIIP, the Office of the Governor of North Al Batinah, and Jindal Shadeed Iron & Steel to establish a dedicated industrial training center in the governorate. The center will offer specialised training to equip Omani youth with skills tailored to market demands, enhancing their employability in the industrial sector. In another important development, a funding agreement was signed with Daleel Petroleum to support the development of Tasnee, a digital platform designed to connect industrial procurement with local products. The platform aims to improve supply chain efficiency and increase in-country value (ICV) by promoting local sourcing. MoCIIP also announced the launch of new industrial training programmes in partnership with Oman Cables Industry Company. Additionally, a cooperation agreement was signed with Al Alamia for Retail, providing 300 opportunities for training, qualification, and employment. Of these, 100 are direct jobs tied to training programmes, while 200 are training-to-employment opportunities for Omani youth. 'This initiative directly supports our efforts to strengthen national workforce participation and foster economic empowerment,' said Nasra bint Saif al Habsi, Director General of Commerce at MoCIIP. Eng Khalid bin Salim al Qassabi, Director General of Industry at MoCIIP, noted that these initiatives mark a pivotal phase in industrial development. 'Our aim is to align educational outcomes with market requirements by equipping graduates with the technical skills and specialised knowledge needed to thrive in a rapidly evolving global economy,' he said. The new agreements reflect Oman's strategic vision of building a resilient, competitive industrial sector based on national competencies and robust public-private partnerships. They also support broader efforts to integrate Omanis into the workforce while advancing innovation and sustainable growth.
Zawya
29-05-2025
- Business
- Zawya
Saudi Arabia and China's Donghexin to launch region's first tinplate plant
Saudi's Tasnee and China's Shanghai Donghexin Group are partnering to set up the Middle East's first tinplate production facility in Ras Al-Khair Industrial City on the Kingdom's eastern coast, Chinese state-owned news agency Xinhua said on Wednesday. The facility, scheduled to start operations in mid-2027, will have an annual production capacity of 400,000 tonnes with 50 percent of the output earmarked for export, the Xinhua report said. The project aims to strengthen domestic supply chains in packaging and support key sectors such as food and beverage, paints, oils, and chemicals by providing coated and uncoated tinplate. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Argaam
12-05-2025
- Business
- Argaam
Tasnee shareholders OK 66.9M share buyback
National Industrialization Co.'s (Tasnee) said its shareholders approved the repurchase of 66.9 million shares to be held as treasury stock during an extraordinary general meeting (EGM) on May 11. In a statement to Tadawul, the company said its board believes the market price of the shares is below fair value. The buyback will be financed from internal resources. The board was authorized to complete the repurchase within 18 months from the EGM date. The company may retain the repurchased shares for up to five years from that date, after which it will comply with relevant laws and regulations regarding their disposal. Shareholders also elected the following board members for the upcoming four-year term starting July 6, 2025: Abdulaziz Al Mulhim, Talal Al Maiman, Abdularahman Al Sayyari, Ahmad Al Humaidan, Mohammed Al Haqbani, Fahad Al Mishal, Fawaz Al Fawaz, Musaab Al Muhaidib, Ahmed Al Theabi, and Muath Al Zamil. In addition, shareholders gave a nod to amending Article 4 of the Bylaws related to the company's purposes.
Zawya
24-04-2025
- Business
- Zawya
Descon secures engineering services contract for Tasnee projects
Abu Dhabi-based Descon Engineering Arabia has announced that it has secured a multi-year general engineering services (GES) contract from Tasnee, one of the largest producers of petrochemical products in Saudi Arabia. This is the group's first major contract win in the Kingdom of Saudi Arabia, said Descon in a statement. As per the deal, it will provide basic engineering, Front-End Engineering Design (FEED) and detailed design services to support Tasnee's key projects in the kingdom over the next three years. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
23-04-2025
- Business
- Trade Arabia
Descon secures engineering services contract for Tasnee projects
Abu Dhabi-based Descon Engineering Arabia has announced that it has secured a multi-year general engineering services (GES) contract from Tasnee, one of the largest producers of petrochemical products in Saudi Arabia. This is the group's first major contract win in the Kingdom of Saudi Arabia, said Descon in a statement. As per the deal, it will provide basic engineering, Front-End Engineering Design (FEED) and detailed design services to support Tasnee's key projects in the kingdom over the next three years.- TradeArabia News Service Tags:
