Oman
“Green Mosque” Program Launched In Oman
Muscat: The “Green Mosque” renewable energy program was launched by Amana Waqf Funds Management Company, in cooperation with the Authority for Public Services Regulation (APSR), energy companies and Islamic financial institutions.
The program provides energy services for mosques through a specialized project in converting mosques electricity consumption into renewable energy sources, as the number of mosques in the Sultanate stood at (16,464) in 2019.
The program, which reduces electricity consumption and operational costs, comes in line with the directives of Oman Vision 2040 to achieve around 30% of the Sultanate’s energy needs from renewable sources.
Since its launch in November 2020, the “Green Mosque” program trial phase has achieved good results as the technical systems were installed in many mosques. Based on these results, the company decided to move forward with the project in 100 mosques through 3 packages over 3 years with an estimated investment of RO 5 million. Part of this investment was allocated to projects of rationalizing consumption technologies and generating electric power from renewable sources.
The project can be implemented in any mosque through contracting with Amana Investments, which will install the solar panels and operate them for a specified period of time.
It is expected that mosques will achieve immediate savings in bills, provided that the solar energy systems will be owned by the mosques at the end of the agreed investment period.
-
Economy1 month agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
News1 week agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Magazines4 weeks agoOER May 2026 Edition: The Digital Copy
-
Investment3 weeks agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
Economy2 weeks agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
-
Economy1 month agoSpaceX’s US$2T Historic Market Debut: Is SPCX Worth the Hype and How Can Oman Investors Buy It?
-
Banking & Finance1 month agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Magazines1 month agoSignature Oman: May 2026 Edition
