ع
Oman National Engineering & Investment Company SAOG has been awarded a tender for facilities management for technical services, Reuters reported citing a company disclosure on August 18, 2025. The Muscat Stock Exchange-listed entity, commonly referred to as ONEIC, maintains a broad portfolio of operation and maintenance work that spans power stations, hospitals and infrastructure projects across Oman. Officials communicated the award in line with exchange rules that require immediate disclosure of material contract wins.
According to company profiles compiled by MarketScreener, Oman National Engineering & Investment Company SAOG operates in utilities, engineering and investment with core activities that include the operation and maintenance of power generation stations, desalination plants, hospital equipment, air conditioning systems and sewage treatment facilities. The firm also delivers contracting services for electricity and water meter reading together with billing and collection while supplying and installing power generation equipment and building related power supply lines. ONEIC maintains around 95 offices throughout the sultanate and employs roughly 4,019 staff.
A Mordor Intelligence sector outlook projected the Oman facility management market to expand from $4 billion in 2025 to $8.35 billion by 2031 at a compound annual growth rate of 13.05 percent. The same assessment found that hard services, encompassing technical and mechanical maintenance, held 62.58 percent of the market in 2025 while soft services are forecast to grow at 13.62 percent annually through the end of the decade. Developments in the Duqm Special Economic Zone and rising demand from healthcare and tourism projects have contributed to sustained requirements for integrated facility services.
Oman National Engineering & Investment Company SAOG previously secured a Ministry of Health contract for operation and maintenance of equipment and services at Nizwa Hospital and affiliated facilities in Al Dakhiliyah Governorate, the company stated in July 2025. In a separate September 2026 disclosure carried by Mubasher Info, ONEIC announced a further Ministry of Health award valued at 2.12 million Omani rials to deliver similar services at Ibri Hospital and its affiliated health units in Al Dhahirah Governorate over a 36-month period. These healthcare-focused wins sit alongside other recent contracts for grid station construction and power infrastructure that the firm has reported to the exchange.
Earnings data released by Oman National Engineering & Investment Company SAOG showed consolidated net profit of 2.1 million rials for the nine months ended September 30, 2025. The company attributed the performance to steady progress across its engineering and maintenance divisions amid a pipeline of awarded projects. Central Statistical Bureau figures for Oman place the non-oil sector contribution to GDP at levels that have encouraged greater outsourcing of facility management to specialised providers such as ONEIC.
A later PwC Middle East review of regional infrastructure trends noted that Oman’s Vision 2040 initiatives continue to drive investment in healthcare, logistics and industrial zones, each generating recurring demand for technical maintenance services. Oman National Engineering & Investment Company SAOG has positioned its subsidiary Oman National Training Institute to deliver vocational programmes that align workforce skills with these expanding requirements. The firm expects its accumulated contract backlog to support revenue visibility through the remainder of the decade.
