New Omani Platform to Invest RO 29M in Green Mobility: What This Means for Investors and Entrepreneurs in Oman
MUSCAT: The National Green Mobility Company (NGMC), a public–private initiative aimed at accelerating the transition to electric transportation, was officially launched on August 31, with investments estimated at RO 29 million (approximately $75 million).
NGMC will introduce a comprehensive electric vehicle ecosystem, covering electric cars, charging infrastructure, digital platforms, and technical services. The company is a joint venture between Oman’s HK Ventures and the China–Middle East Development Group.
The launch ceremony, held under the patronage of Shaikh Salim bin Mustahail al Mashani, Advisor at the Diwan of the Royal Court, was attended by several ministers and senior officials. The event coincided with the 3rd Green Mobility Forum in Dhofar Governorate, underlining Oman’s commitment to developing a fully integrated green economy and sustainable transportation future.
Eng Said bin Hamoud al Maawali, Minister of Transport, Communications and Information Technology, emphasized that NGMC represents more than just an electric mobility initiative. It is a national platform driving industrial innovation and job creation, positioning Oman as a regional hub for clean technologies.
NGMC has outlined an ambitious roadmap: beginning with the distribution of 500 electric vehicles (EVs) across Muscat and other governorates in 2026, followed by the launch of a National Research and Innovation Centre in 2027. By 2032, the company aims to operate over 10,000 EVs and install 200 fast-charging stations nationwide. By 2035, the focus will shift to industrial localisation, establishing Oman as a regional center for manufacturing and assembling electric vehicle components. The plan also includes developing local production for charging equipment and light mobility options such as e-bikes, further cementing Oman’s role in green transport technologies.
The ceremony also featured the signing of a partnership agreement between HK Ventures, represented by Hilal bin Ali al Kharousi, Co-Founder of NGMC and CEO of HK Ventures, and the China–Middle East Development Group, represented by Jessica Liu on behalf of the CEO.
Al Kharousi highlighted that NGMC is financially and operationally prepared to deliver impactful outcomes. He noted the environmental benefits: each vehicle is expected to reduce carbon dioxide emissions by approximately 4.6 metric tonnes, amounting to nearly 46,000 metric tonnes annually by 2032—equivalent to planting two million trees. This initiative supports Oman Vision 2040 and the Net-Zero Emissions by 2050 strategy, while enhancing air quality and sustainable urban living.
The project will generate at least 500 jobs for Omanis in its initial phase, with employment opportunities set to grow as the ecosystem expands. NGMC will also introduce specialized training programs to equip national talent with the latest electric vehicle technologies, focusing on maintenance, charging systems, and digital platform management, ensuring long-term capacity building within Oman.
Furthermore, the company aims to boost local manufacturing opportunities in EV components, charging infrastructure, and light mobility solutions, reinforcing Oman’s position as a regional green mobility hub.
Special Analysis by Omanet | Navigate Oman’s Market
The launch of the National Green Mobility Company marks a strategic pivot towards sustainable transport and industrial innovation in Oman, creating a robust ecosystem for electric vehicles and green technologies. For businesses, this presents significant opportunities in local manufacturing, technical services, and digital platforms, while investors should consider the expanding market for EV infrastructure and green mobility solutions. Entrepreneurs must prioritize skills development and technology adaptation to capitalize on the upcoming surge in demand and regulatory support aligned with Oman Vision 2040 and Net-Zero Emissions by 2050.
English 
Arabic 
Persian