Oman Launches Digital Platform ‘Taqah’ to Attract Investments
The Ministry of Energy and Minerals (MEM) of Oman has announced the launch of a new digital platform named ‘Taqah’ (meaning Energy) aimed at attracting investors in the energy and minerals sectors. This initiative aligns with the Tenth…
The Ministry of Energy and Minerals (MEM) of Oman has announced the launch of a new digital platform named ‘Taqah’ (meaning Energy) aimed at attracting investors in the energy and minerals sectors. This initiative aligns with the Tenth Five-Year Plan and supports the national priority of governance.
The strategic importance of the “Taqah” platform to attract investors
Badriya Khalfan al Hadrami, Director of the Department of Planning and Economic Studies at the Ministry of Energy and Minerals, told MuscatDaily that the launch of ‘Taqah’ is a crucial step towards achieving the ministry’s strategic goals. She stated, “This digital platform provides advanced infrastructure that aligns with the Tenth Five-Year Plan and the national priority of governance within the state’s administrative apparatus.”
Services Offered by ‘Taqah’
Hadrami added, “The platform’s services will enable both local and foreign investors to explore investment opportunities in the oil and gas, renewable energy, and mineral services sectors, offering a range of digital services.”
| In the initial phase, the “Taqah” platform will include four main packages: | 1. Archiving and Bidding Licensing Management and Revenue 2. Collection 3. Contract Management 4. Inspections and Site Visits |
| The next stage of development of the platform “Taqah“: | In the next phase, all digital services of the oil, gas, and renewable energy sectors will be integrated into the ‘Taqah’ platform, creating a comprehensive hub for all energy and mineral services. |
Hadrami mentioned, “This year, the ministry aims to increase the proportion of digital services to 70% of the total beneficiary services.”
Advantages of digital “Taqah” services for investors
She further noted, “The platform will allow companies wishing to invest to compete for public sites and concession areas offered by the ministry in a clear and straightforward manner.”
Hadrami emphasized that the platform enables investors and companies to bid in a transparent and fair competitive environment based on technical expertise, financial solvency, and value-added priorities. Investors can take advantage of the available opportunities and complete all procedures from any location. The platform is also programmed to evaluate bids automatically using a grading system that selects the most suitable investor based on technical competence and financial solvency.
Source: Oman Launches Digital Platform ‘Taqah’ to Attract Investments (muscatdaily.com)
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