Oman Launches 'Taqah' Digital Platform to Drive Energy and Minerals Investments

Oman, 3 June, 2024 : The Ministry of Energy and Minerals (MEM) unveiled a new digital platform named 'Taqah' (Energy) aimed at attracting investors to the energy and minerals sector.

Badriya Khalfan al Hadrami, Director of the Department of Planning and Economic Studies at MEM, highlighted that 'Taqah' signifies a pivotal step towards achieving strategic goals, aligning with the state's priority of governance through digital infrastructure.

'Taqah' offers services for local and foreign investors to explore opportunities in oil and gas, renewable energy, and mineral sectors through digital channels.

Initially, the platform will feature four basic packages covering archiving, bidding, licensing management, revenue collection, contract management, and inspections. Future plans include integrating all digital services of the energy and mineral sectors into 'Taqah', streamlining access to comprehensive services.

MEM aims to increase digital services to 70% of total beneficiary services this year, emphasizing the platform's role in simplifying procedures and adapting to the future of the energy and mineral sectors.

'Taqah' facilitates transparent and fair competition for public sites and concession areas offered by MEM, providing investors with clear bidding processes and evaluation criteria based on technical expertise and financial solvency.

Investors can leverage 'Taqah' to explore opportunities, complete procedures remotely, and benefit from automatic bid evaluations, ensuring a transparent and efficient investment environment.

Source : www.zawya.com