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

2025/12/16 16:34

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)
$0.000575
$0.000575$0.000575
+4.54%
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

Elon Musk’s net worth hits record $749B after legal win restores massive Tesla compensation

Elon Musk’s net worth hits record $749B after legal win restores massive Tesla compensation

The post Elon Musk’s net worth hits record $749B after legal win restores massive Tesla compensation appeared on BitcoinEthereumNews.com. Key Takeaways Elon Musk
Share
BitcoinEthereumNews2025/12/21 10:13
CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
Elon Musk’s Wealth Soars to $749 Billion as Delaware Supreme Court Reinstates Tesla Stock Option

Elon Musk’s Wealth Soars to $749 Billion as Delaware Supreme Court Reinstates Tesla Stock Option

The post Elon Musk’s Wealth Soars to $749 Billion as Delaware Supreme Court Reinstates Tesla Stock Option appeared on BitcoinEthereumNews.com. COINOTAG News reports
Share
BitcoinEthereumNews2025/12/21 09:46