Built to inform

Sign up for the daily newsletters

No, Thank you

Oman's ONEIC wins $6m after court ruling over delayed payment

ONEIC claimed it had not been paid for work carried out before 2017 for Diam

ONEIC's portfolio include operation and maintenance work for desalination plants [representational image].
ONEIC's portfolio include operation and maintenance work for desalination plants [representational image].

Oman National Engineering and Investment Company (ONEIC) will be paid $5.8m (OMR2.2m) after a court sided with the contractor in a payment dispute against the state-owned Public Authority for Electricity and Water (Diam).

The Administrative Court in Oman issued a verdict in favour of ONEIC, which claimed that Diam had not paid the company for maintenance work carried out on various contracts before 2017, according to an update on the Muscat Securities Market. 

ONEIC said its claim was related to multiple delayed payments for work on undisclosed Diam projects, adding that the court ruling can be appealed again. However, it did not say whether an appeals process would be launched by Diam.

READ: Oman's Mazoon awards $3m power contract to ONEIC

In the filing to the Muscat bourse, ONEIC said that it would keep the market informed of “any future developments” related to the case with Diam. 

Meanwhile, the engineering and construction company recently won an $18.5m (OMR7.1m) contract from a subsidiary of state-owned Oman Food Investment Holiday Company, A'Nama Poultry Company, to build a complex for broiler hens, chickens typically reared for meat production. 

Its scope includes building an undisclosed number of broiler sheds and related facilities for the chicken processor. All construction work should be completed during the second quarter of 2020.

Most popular


Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 753
Nov 09, 2019