Oman-Tsingshan Partnership Accelerates Green Steel Initiatives: Implications for Investors and Sustainable Business Growth
Oman Strengthens Industrial Ties with China’s Tsingshan Group to Boost Green Steel Initiatives
BEIJING: Oman is enhancing its industrial collaboration with Tsingshan Group of China to expedite the localization of green steel production and related industries, as part of its Industrial Strategy 2040.
Dr. Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, recently led a delegation on a visit to Tsingshan’s industrial facilities in China. This visit aims to activate a cooperation agreement signed in October 2025 and to accelerate the development of Oman’s inaugural integrated green steel project.
The tour included visits to Tsingshan’s lithium battery and energy storage facilities, which feature cutting-edge production lines catering to global renewable energy markets. This initiative aligns with Oman’s goal of localizing clean energy supply chains, with battery technology viewed as essential for advancing green hydrogen development, maintaining grid stability, and fostering the future ecosystem of electric vehicles.
During discussions with Tsingshan’s chairman and senior executives, Dr. Masan and his team focused on the master plan for an integrated industrial city in Oman. The conversations aimed at expediting development timelines and ensuring the efficient export of steel and battery products to international markets at competitive prices.
Abdul Aziz bin Ahmed al Qasimi, Head of Capital-Intensive Industries at the Ministry, highlighted that this partnership is a key component of Industrial Strategy 2040, aimed at transferring and localizing advanced technologies in green steel and energy storage. He emphasized that leveraging Oman’s green hydrogen potential in conjunction with Fourth Industrial Revolution technologies will facilitate the production of high-value iron derivatives and smart energy solutions for sectors such as aerospace and automotive.
This initiative is expected to create jobs, promote technology transfer, and enhance the industrial contribution to GDP, all while maintaining commitments to carbon-neutral goals.
Tsingshan Group, recognized as a Fortune 500 industrial powerhouse and a global leader in stainless steel, renewable materials, and batteries, has chosen Oman as a strategic hub for green industries. Its low-carbon technologies are closely aligned with the sustainability and balanced growth objectives of Oman Vision 2040. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s deepening industrial cooperation with Tsingshan Group signals a pivotal shift towards green steel and clean energy localization, aligning with the Industrial Strategy 2040. This presents significant opportunities for businesses to tap into emerging technologies and drive job creation, while ensuring compliance with carbon-neutral goals. Smart investors should prioritize ventures in sustainable industries and consider leveraging advanced technologies to enhance competitiveness in the global market.
