Oman's Ministry of Energy and Minerals has announced the launch of Taqah ("energy" in Arabic) digital platform aimed at attracting investments in the energy and mineral resources sector.
The platform will provide local and foreign businesses with information on investment opportunities and digital services in various sectors of the Omani economy, including oil and gas, renewable energy and mineral resources.
The platform will consist of four basic packages - archiving and bidding, licensing management and revenue collection, contract management, and inspections and site visits.
Currently, Taqah offers multiple services including exploring investment opportunities in the mining sector, a clear timeline for investors from the application period to contract award, and automatic bid evaluation to select the most suitable investor according to technical competence and financial solvency.
In the next phase, all digital services from the oil, gas and renewable energy sectors will be integrated into the Taqah platform, thereby creating a single end-to-end hub for all countries and mineral services across Oman.
According to Minister of Sustainability Salem bin Nasser Al-Awfi, the Taqa Platform "aims to facilitate investment, enhance transparency in the process of competition, assessment and follow-up on bids, and streamline internal operations at the ministry."
The creation of the platform is in line with Oman's plans to expand digital and advanced infrastructure, as well as enhance the expansion of the country's energy and mining sector, as the country plans to expand its presence in the hydrogen sector in the future.
Hélène Tarin, Editor in Chief of the Asian Bureau, Rough&Polished
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