ONEIC wins RO31.9mn contract for grid station at Sultan Haitham City

23/02/2026 05:09 AST

Oman National Engineering & Investment Company (ONEIC) has secured a contract worth RO31.9mn from Oman Electricity Transmission Company (OETC) for the construction of a key power infrastructure project.

In a disclosure to the Muscat Stock Exchange, ONEIC on Sunday said the contract, awarded by OETC involves the construction of a 132/33kV grid station at Sultan Haitham City. The scope of work also includes associated 132kV overhead transmission lines connecting Mabella Industrial Grid Station to Mabella Grid Station.

The total contract value stands at RO31,899,948, and the project will be executed over a period of 18 months from the date of award, ONEIC said. The company expects to gain diversified experience and generate substantial revenues from the contract over its implementation period.

ONEIC said the project forms part of several significant contracts recently awarded to the company, reflecting its continued technical advancement and expertise in specialised engineering works.

The award further strengthens ONEIC's position in the power transmission and grid infrastructure segment as it continues to support major development projects in the sultanate.

Following the news of this major contract award, ONIEC shares surged 7.7% at the Muscat Stock Exchange on Sunday.


Muscat Daily

News

ONEIC BAGS RO2.8MN CONTRACT FROM RAECO

08/10/2017

Oman National Engineering and Investment Co (ONEIC) announced that Rural Area Electricity Co (RAECO) has awarded a RO2.78mn contract to ONEIC.

In a filing with the Muscat Securities Market

Muscat Daily

Oman National Engineering Investment Award of Tender

24/03/2014

With great pleasure, I would like to inform our esteem shareholders and investors that The Mazoon Electricity Company SAOC has awarded Oman National Engineering & Investment Company (SAOG) the contra

Press Release

The Extraordinary General Meeting & the Annual General Meeting

19/03/2014

The Extraordinary Meeting & Annual General Meeting held on Tuesday 18th of March /2014 at City Season Hotel Al khuwair at 5. P.M. The attendance rate amounted to (83.551 %) percent of the total numbe

Press Release

Most Viewed Companies

Ticker Price Volume

Valuation

ONES Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
OQEP 0.44 -0.01 (-2.23%)
OTEL 1.34 -0.05 (-3.60%)
OQGN 0.21 -0.01 (-4.55%)
PHPC 0.23 0.00 (0.00%)
ABRJ 0.39 0.00 (0.00%)

Recent News

e& UAE unveils strategic blueprint for autonomous networks in AI era

23/06/2026

Leading UAE telecom services company e& has partnered with TM Forum to jointly release a new white paper titled 'The Path to Full Autonomy: e& UAE's Strategic Blueprint for Network Transformation in

Trade Arabia

Knowledge Economic City showcases $6.3bn Madinah vision at FHS 2026

23/06/2026

Knowledge Economic City (KEC), the publicly listed master developer leading Madinah's urban transformation, announced its participation as Strategic Partner at Future Hospitality Summit (FHS) Saudi A

Trade Arabia

Red Sea International unit lands MEP contract for Diriyah City project

23/06/2026

Saudi-based Red Sea International Company (RSI) has announced that its key subsidiary, The Fundamental Installation for Electric Work, has secured a key subcontract from Salini Saudi Arabia to delive

Trade Arabia

Umm Al Qura, Osus join hands for $266m residential project in Makkah

23/06/2026

Saudi-based Umm Al Qura for Development and Construction has announced that it has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($

Trade Arabia

Abu Dhabi healthcare group Burjeel launches $1.5b funding plan as it targets expansion

23/06/2026

Abu Dhabi healthcare provider Burjeel Holdings has set up a $1.5 billion Sukuk programme as it looks to raise funds from international capital markets and support its future expansion plans.

Gulfnews

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap