Oman: Key forum to spotlight corrosion and materials innovation
Now in its third edition, the summit is set to welcome over 1,000 professionals from around the world to explore the latest advancements in corrosion prevention, materials science, and asset integrity. With the global cost of corrosion estimated at over $2.5 trillion annually, the event will spotlight innovative strategies to extend infrastructure lifespan, improve safety, and reduce operational risks.
'It was one of the most professionally run and well-attended events we've participated in,' said Arin Shahmoradian, Technical Manager at SPI Coatings, reflecting on the 2024 summit.
The 2025 edition will feature keynote addresses, panel discussions, technical presentations, and live demonstrations across sectors including oil & gas, utilities, marine, and infrastructure. Topics include AI-driven integrity management, corrosion under insulation (CUI), smart coatings, and advanced NDT technologies.
Alongside the three-day programme addressing Corrosion & Materials, the conference agenda includes a focused track devoted to 'AI in Corrosion Prevention.' This cutting-edge theme will explore how artificial intelligence is reshaping corrosion and integrity management strategies, enabling smarter decision-making, cost efficiency, and real-time insights across industrial operations.
The AI track will be structured around five major themes. First, AI for Corrosion Monitoring in Oil & Gas, which explores how AI enables real-time monitoring of pipelines and storage tanks, with a focus on detecting internal corrosion using machine learning and advanced data analytics. Second, Materials Design & Optimization, highlighting how AI is accelerating the development of corrosion-resistant materials and optimizing alloy compositions and protective coatings through predictive modeling. Third, AI-Driven Predictive Maintenance, where participants will learn how integrating AI with IoT sensors helps predict corrosion in critical systems, minimize unplanned downtime, and reduce maintenance costs through proactive intervention. Fourth, AI in Corrosion Inhibition will demonstrate how AI is being used to optimize the selection and dosage of corrosion inhibitors, including predictive models that assess inhibitor effectiveness across various environments. And fifth, AI in Integrity, which focuses on how AI enhances integrity assessment processes—supporting lifecycle asset management, automating risk profiling, and helping asset owners make better-informed decisions.
This year's summit takes on added urgency as Oman expands investments in energy, infrastructure, and industrial development. While corrosion is often seen as a background issue, its economic impact is substantial—accounting for an estimated 3–5% of national GDP, based on AMPP figures. For Oman, this translates into hundreds of millions of rials lost annually. Experts believe that with the right strategies in place, Oman could recover up to 30% of these losses by improving corrosion prevention, localizing testing capabilities, and accelerating the adoption of advanced materials and coatings.
'We are proud to host a global platform that fosters scientific collaboration and positions Oman as a center of excellence for corrosion and materials science,' said Amjad al Kharusi, Chairperson of the AMPP Oman Chapter and Conference Chair.
Registration is now open. Professionals from across Oman, the GCC, and beyond are invited to join this high-impact platform to exchange ideas, explore new technologies, and forge strategic partnerships in corrosion mitigation and materials innovation.
2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
4 hours ago
- Khaleej Times
Ajman Bank reports Dh266 million in H1 2025 profit before tax
Ajman Bank on Tuesday announced a profit before tax of Dh266 million for the first half of 2025, a 14 per cent increase compared to the same period in 2024, driven by sustained focus on core business performance, increased financing activity, and improved operational efficiency. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank's Board of Directors meeting on Tuesday to review key financial and administrative matters, and issue resolutions on commercial activities. Ajman Bank delivered a total operating income of Dh751 million, while net operating income reached Dh399 million. The bank's total assets increased by 17 per cent compared to year-end 2024 to Dh26.6 billion, supported by a 16 per cent growth in the financing portfolio to Dh17.8 billion. Customer deposits reached Dh20 billion, up 11 per cent year-to-date, reflecting continued growth across consumer and wholesale business segments. The bank's total shareholders' equity rose to Dh3.2 billion, up 4 per cent year-to-date. Sheikh Ammar said: 'Ajman Bank continues to deliver consistent results, underpinned by a resilient business model and a focused growth strategy. Our performance in the first half of 2025 reflects disciplined execution and the Bank's growing role in supporting economic development and financial sector sustainability in the UAE'. Ajman Bank's capital and liquidity metrics remained strong, with a capital adequacy ratio (CAR) of 17.3 per cent and a Tier 1 capital ratio held firm at 16.1 per cent, notwithstanding 17 per cent growth in total financing portfolio. Return on equity (ROE) improved to 15.6 per cent (up by 29 bps), while return on assets (ROA) increased to 1.9 per cent (up by 9 bps). Ajman Bank's further strengthened strong liquidity position achieved an improved eligible liquid assets ratio (ELAR) at 18 per cent and loans-to-stable resources ratio (LSRR) at 74 per cent. Mustafa Al Khalfawi, chief executive officer of Ajman Bank, said: 'Our first-half results demonstrate the strength of Ajman Bank's funding base, balance sheet, and operational model. We are focused on scaling platform productivity, improving cost-to-income performance, and diversifying access to capital. The successful launch of our co-branded POS solution, real-time settlement platform, and global sukuk issuance all reflect growing confidence in our trajectory.' On the back of proactive credit portfolio management, asset quality continued to improve with the non-performing loans (NPL) ratio at 8.6 per cent (down by 126 bps), 15 per cent reduction in the aggregate of gross stage 2 & 3 exposure during H1 2025 and greater diversification achieved with the real estate ratio reduced to 32.9 per cent (down by 705 bps). The Bank continued to advance its digital infrastructure with targeted investment in SME onboarding platforms, merchant POS enablement, and real-time processing capabilities. These improvements are enhancing productivity, accelerating digital origination, and supporting end-to-end service automation across core segments. In May 2025, Ajman Bank successfully issued its debut $500 million 5-year sukuk. The five-year issuance, listed on Nasdaq Dubai, achieved a 5.4X oversubscription, which also evidences the great trust of 100+ regional and international investors with participation of 65 per cent and 35 per cent allocation respectively. The sukuk marks a strategic milestone in the bank's funding diversification and access to international capital markets. Ajman Bank said it remains committed to its Dh4 billion 'Sustainable Finance' pledge by 2030 and 'Net Zero Emission' by 2050, aligning its long-term strategy with Ajman Vision 2030 and the UAE's broader sustainable growth framework.
Zawya
6 hours ago
- Zawya
Saudi Arabia says it will organise Saudi-Syrian investment forum in Damascus
Saudi Arabia will organise a Saudi-Syrian investment forum in Damascus, aimed at exploring the potential for cooperation and signing deals that should promote sustainable development, the Saudi Investment Ministry said in a statement on Tuesday. The statement did not set a specific date for the forum. (Reporting by Ahmed Elimam; Writing by Muhammad Al Gebaly; Editing by Kevin Liffey)
Zawya
6 hours ago
- Zawya
The International Islamic Trade Finance Corporation (ITFC) Reports Strong Results and Sustainability Progress in 2024 Annual Development Effectiveness Report
The International Islamic Trade Finance Corporation (ITFC) ( a member of the Islamic Development Bank (IsDB) Group, announced the release of its 2024 Annual Development Effectiveness Report (ADER). The ADER serves as an essential reporting and transparency tool, enabling ITFC to measure, communicate, and continually refine its strategies and interventions for achieving sustainable development outcomes. The 2024 report highlights ITFC's expanding role as a driver of sustainable trade, economic resilience, and inclusive growth across its member countries. 'The ADER showcases ITFC's ability to provide innovative, impactful solutions that address the complex needs of our member countries,' said Eng. Adeeb Y. Al Aama, Chief Executive Officer of ITFC. 'While we celebrate key milestones, we are also assessing our interventions to ensure we continue advancing toward a more inclusive, resilient, and sustainable future.' Key Highlights of 2024 ADER In 2024, ITFC delivered tangible results, demonstrating its focus on resilience and economic inclusion. The key highlights include: Filling Trade Finance Gaps. ITFC allocated US$2.66 billion, 38% of its total portfolio, to LDMCs, supporting inclusive growth. Additionally, US$268 million directly benefited over 380,000 smallholder farmers, enabling the procurement of 840,000 metric tons of local agricultural products. Securing Critical Supply Chains. Disbursements to the energy sector amounted to US$4 billion, bringing reliable electricity to approximately 13.8 million households. Food security interventions provided over 5.6 million metric tons of essential commodities worth US$1.45 billion, benefiting more than 30 million households. Strengthening Private Sector Participation. ITFC financed 312 small and medium enterprises (SMEs) and corporates through partnerships with 23 financial institutions, promoting financial inclusion and economic diversification. Fostering Regional Integration. Intra-OIC trade financing reached US$4.8 billion. Through strategic programs such as the Arab Africa Trade Bridges (AATB) and the Aid for Trade Initiative for Arab States (AfTIAS), ITFC strengthened regional value chains and institutional capacities. Investing in Capacity Development. Technical assistance and training initiatives reached over 3,100 individuals, a 32% increase from the previous year, with nearly 40% women participants. Embedding Sustainability into Core Operations The Corporation adopted its first Environmental and Social (E&S) Policy and launched a Ten-Year E&S Action Plan. A new governance structure was also introduced to guide implementation, laying the foundation for more responsible trade finance operations. Empowering Growth through the SDGs ITFC made significant strides in advancing multiple Sustainable Development Goals through its trade finance and development initiatives. Its efforts have helped reduce poverty (SDG 1), strengthen food security (SDG 2), and expand access to clean and affordable energy (SDG 7). By supporting smallholder farmers, empowering local economies, and promoting intra-OIC trade, ITFC has also played a key role in fostering strong global partnerships to accelerate sustainable development across member countries (SDG 17). The 2024 ADER affirms ITFC's deepening commitment to transparency, sustainability, and measurable impact. As the Corporation looks ahead, it remains focused on bold innovation, collaborative partnerships, and leveraging Islamic finance to build a more inclusive and sustainable global trade ecosystem. Access the full English version here - Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC). Social media: Twitter: Facebook: LinkedIn: International Islamic Trade Finance Corporation (ITFC) ( About the International Trade Finance Corporation (ITFC): The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries' needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
