Establishing a Renewable Energy Industrial Hub: Key Opportunities for Investors and Entrepreneurs in Oman
BEIJING: Oman and China are advancing their strategic economic partnership by reviewing a proposal to create an integrated industrial complex focused on renewable energy supply chains. This discussion took place during the 10th session of the Omani-Chinese Joint Committee in Beijing, as part of broader initiatives aimed at enhancing cooperation in trade, investment, and industrial development, alongside deeper integration into global value chains.
The Omani delegation was led by Dr. Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry. The Chinese side was represented by Zhang Li, Assistant Minister of Commerce. Key topics included enhancing bilateral cooperation in priority economic sectors, increasing trade volumes, and fostering industrial partnerships that align with the objectives of both nations.
A significant outcome from the meeting was the agreement to establish an Omani-Chinese working group. This group will develop an executive roadmap to guide the Joint Committee’s activities in the forthcoming phase. Additionally, both sides discussed strategies to promote the growth of Chinese industrial investments in Oman, emphasizing projects that facilitate economic diversification, technology transfer, and value-added manufacturing.
Participants also reviewed plans to sign multiple memoranda of understanding aimed at integrating industrial production chains and enhancing investment collaboration. These agreements are expected to strengthen ties between companies in both countries, enhance supply chain connectivity, and support the inclusion of Omani industries in regional and global markets.
The committee also assessed the progress of negotiations for a free trade agreement between the People’s Republic of China and the Gulf Cooperation Council (GCC) countries. Such an agreement, once finalized, is anticipated to elevate economic, trade, and investment cooperation, boosting the flow of goods and services while enhancing regional market integration with major global economies.
The proposal for establishing an integrated industrial complex for renewable energy supply chains was emphasized as a groundbreaking initiative. This project illustrates the depth of economic collaboration between Oman and China and is expected to open new avenues for cooperation in renewable energy, advanced manufacturing, and other value-added sectors with significant growth potential.
Dr. Masan noted that economic relations between Oman and China are steadily developing, underscoring the strength of the strategic partnership. He reaffirmed Oman’s commitment to expanding collaboration in value-added sectors and leveraging China’s expertise in advanced industries, modern technologies, and renewable energy solutions. Such cooperation, he emphasized, aligns with the objectives of Oman Vision 2040 and bolsters the resilience and stability of global supply chains.
The meeting was attended by Ali bin Khalfan al Hasani, Minister Plenipotentiary and Chargé d’Affaires of the Omani Embassy in China, alongside several senior officials from both sides.
On the sidelines of the Joint Committee meeting, Dr. Masan engaged in bilateral talks with Zhang Li, exploring opportunities to deepen economic cooperation and broaden their partnership. Discussions included prospects in cross-border e-commerce, particularly the establishment of smart warehouses and distribution centers in Oman’s special economic zones and free zones in Al Duqm, Suhar, and Salalah, positioning Oman as a digital and logistics gateway to regional markets.
Both parties also assessed investment and manufacturing prospects in Oman, focusing on sectors with regional and global demand, while leveraging free trade agreements and efforts to develop integrated value chains. A joint working group focused on trade, investment, and digital commerce was agreed upon to ensure effective implementation.
As part of the visit, Dr. Masan toured the Xiong’an International Trade Centre in Hebei Province and visited Sinochem Group to explore industrial cooperation opportunities and present investment prospects in Oman. By mid-2025, Chinese direct investment in Oman is projected to reach approximately RO 854 million, with imports from China exceeding RO 1.8 billion in 2024 and non-oil exports to China exceeding RO 216 million. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
The recent discussions between Oman and China to establish an integrated industrial complex for renewable energy signal a significant opportunity for Omani businesses to engage in high-growth sectors. With an emphasis on economic diversification and advanced manufacturing, this partnership creates avenues for investment that can stabilize and enhance the country’s value chains. Smart investors should focus on the potential of cross-border e-commerce and logistical advancements to position Oman as a critical hub in regional markets.
