The Indian government has condemned a projectile strike on the Panama-flagged oil tanker MT On Peace, owned by Dubai-based company Onex, in the Strait of Hormuz. Twelve crew members were injured, including 11 Indian nationals, and were evacuated to Oman for treatment. India's Ministry of External Affairs called for an immediate cessation of attacks on commercial shipping in the region.
China is increasingly integrating its new quality productive forces framework into Gulf diversification programs, spanning renewable energy, AI, and digital networks. Gulf sovereign wealth funds and technology firms are adjusting their investment strategies amid mounting U.S.-China technological competition and regional risks. Meanwhile, Chinese firms are expanding industrial footprints in Saudi Arabia, the UAE, and Oman.
China Eleventh Chemical Construction Company has secured two civil works and site facility packages for the 890MW Duqm power project in Oman. The $910 million combined-cycle gas turbine development is being built by a consortium that includes UAE-based Etihad Water and Electricity. Commercial operations at the Special Economic Zone at Duqm are scheduled to begin in 2029.
China Eleventh Chemical Construction Company has been awarded two construction packages for the 890-megawatt Duqm power project in Oman. The $910 million combined-cycle gas turbine project is being developed by Coastal Power SAOC, a consortium that includes UAE-based Etihad Water and Electricity. Commercial operations for the power generation facility are scheduled for 2029.
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