Oman Inks Massive RO 200 Million Agreements for Economic Zones

The Public Authority for Special Economic Zones and Free Zones signed massive investment agreements today. Leaders secured over 200 million Omani Rials for new projects.

These exciting deals cover Duqm, Salalah, and Khazaen Economic City. Companies will build advanced factories for electric vehicle batteries and specialized steel.

They will also construct cement plants and new pharmaceutical warehouses.

Supporting Oman Vision 2040

OPAZ Chairman Qais Mohammed Al Yousef praised these massive investments today. He stated these projects strongly enhance national economic diversification.

The agreements reinforce Oman as a regional hub for high-quality investments. He added that local and international investors trust the Omani business environment.

The Authority continuously develops flexible regulations and modern infrastructure for businesses.

Duqm Secures Massive Steel Plant

Alshaya Group plans to build a major steel mould manufacturing plant. They will invest 41 million Omani Rials into the Duqm zone.

SEZAD CEO Ahmed Ali Akaak called this project a qualitative addition. Abdul Latif Mohammed Alshaya praised the strategic coastal location of Duqm.

The facility will rely entirely on environmentally friendly Electric Arc Furnace technology. The factory will begin commercial steel production by 2028.

Salalah Attracts EV Battery Tech

GFCL EV Advanced Materials signed a 35 million Rial investment agreement. They will manufacture active anode materials for lithium electric vehicle batteries.

This deal marks their second major investment inside the Salalah Free Zone. Dr Ali Mohammed Tabouk celebrated this strategic step for clean energy.

He noted that total active investments in Salalah reached 4.5 billion Rials.

Khazaen Economic City Expands Rapidly

Khazaen Economic City signed four new investment agreements worth 12.8 million Rials. Al Fadan International will build a modern glue and tile facility.

Al SUMMITS will construct a highly specialized cement and infrastructure plant. Overseas Investment plans to establish an advanced pharmaceutical warehouse very soon.

Virgent Forest Trading will manufacture specialized plastic pipes for the region. Khazaen CEO Salim Suleiman Al Thuhli welcomed these diverse economic activities.

OPAZ also signed a major cooperation memorandum with Majan Gulf Investment. They will structure three upcoming investment opportunities worth 110 million Rials.

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