RO 906 Million Industrial Projects Launched Nationwide: What This Means for Investors and Businesses in Oman
MUSCAT: The Sultanate of Oman is making significant strides with the launch of six major industrial projects across its industrial cities, free zones, and economic zones, representing total investments exceeding RO 906 million. These initiatives aim to bolster the industrial sector’s contribution to the national economy and attract high-quality investments aligned with priority growth sectors.
Collectively, these projects are expected to increase industrial output by approximately RO 225 million by the end of 2026. They will create hundreds of job opportunities for Omanis, enhance industrial exports, and open new avenues in downstream industries, thus strengthening local value chains.
Key developments include the inauguration of the Al Ghaith Chemical Industries Complex in Sur Industrial City, with an investment nearing RO 50 million. This complex will support the silicon and solar energy industries by producing specialized chemicals, while also catering to vital sectors such as oil and gas and other industrial activities.
At SOHAR Port and Freezone, a polysilicon manufacturing facility valued at RO 615 million is set to launch this month, highlighting Oman’s strategic commitment to renewable energy technologies, particularly solar cells. Concurrently, SOHAR Port and Freezone will inaugurate a sugar refinery worth RO 141.5 million, aimed at enhancing food security and boosting domestic food processing capabilities.
Additional projects include the opening of an animal and fish feed factory in Khazaen Economic City, backed by an investment of RO 36 million to meet the growing demands of the livestock and fisheries sectors. An industrial bread factory with a RO 25 million investment will also be launched to support national food production and improve competitiveness.
Dr Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, emphasized that these projects illustrate the industrial sector’s progress and its capacity to attract investments that deliver tangible added value. He highlighted that the first phase of Industrial Strategy 2040 targets priority industries through an attractive investment environment, competitive incentives, and advanced support services.
Engineer Jassim bin Saif al Jadidi, Director of the Undersecretary’s Technical Office, noted that the projects will strengthen supply chains, expand the national production base, and support downstream industries. These efforts will advance Oman’s position as a regional industrial hub and promote sustainable economic development. — ONA
Special Analysis by Omanet | Navigate Oman’s Market
Oman’s launch of six major industrial projects totaling over RO 906 million signifies a strategic push to diversify and strengthen its industrial sector, particularly in high-growth areas like renewable energy, chemicals, and food security. Businesses should capitalize on emerging opportunities in downstream industries and supply chain expansions, while smart investors must consider the potential for robust returns aligned with Oman’s 2040 Industrial Strategy and growing export capacities. This development presents risks for those slow to adapt, but offers a bold roadmap for positioning Oman as a regional industrial hub.
