Written By: Middle East Economy
Platform aims to facilitate investment, enhance transparency and streamline ministry's internal operations
The platform contributes to the growth of the country's energy and minerals sector as it looks to expand its footprint into the hydrogen sector in the future
Oman’s Ministry of Energy and Minerals has recently launched ‘Taqah’, a digital platform that aims to attract investments in the energy and minerals sector. The platform will allow both local and international investors to explore investment opportunities and digital services in multiple sectors across Oman, including the oil and gas, renewable energy and mineral services sectors.
The ministry revealed that Taqah will launch four basic packages: archiving and bidding, licensing management and revenue collection, contract management, and inspections and site visits.
The platform currently offers multiple services including exploring investment opportunities in the minerals sector and competing for them, a clear timeline for investors starting from the application period until award, and evaluating bids automatically to select the most suitable investor according to technical competence and financial solvency.
The next phase will involve the integration of all digital services of the oil, gas and renewable energy sectors into the Taqah platform, creating a comprehensive hub for all energy and mineral services across Oman.