{"id":8197,"date":"2026-01-19T09:23:00","date_gmt":"2026-01-19T05:23:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/united-solar-900m-oman-plant\/"},"modified":"2026-01-20T05:03:29","modified_gmt":"2026-01-20T01:03:29","slug":"united-solar-900m-oman-plant","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/united-solar-900m-oman-plant\/","title":{"rendered":"United Solar Secures $900M to Launch Oman Polysilicon Plant: What It Means for Investors and Entrepreneurs"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>Muscat: United Solar Holding (United Solar) has secured over $900 million in debt financing to complete funding for its $1.6 billion, state-of-the-art polysilicon manufacturing plant in Oman, reinforcing the Sultanate\u2019s position as a significant player in the global solar supply chain.<\/p>\n<p>The financing package comprises $480 million in term debt from the International Finance Corporation (IFC) and partner banks, complemented by over $400 million in term debt and working capital facilities from local commercial banks. The Oman Investment Authority\u2019s (OIA) Future Fund Oman has become United Solar\u2019s largest shareholder, investing approximately $260 million.<\/p>\n<p>Operated by United Solar Polysilicon (FZC) SPC, the 100,000-metric-tonne facility is anticipated to commence production in the first quarter of 2026. Upon operation, it will be the largest and only polysilicon manufacturing facility in the Middle East, capable of supporting around 40 gigawatts of solar module production annually.<\/p>\n<p>The polysilicon produced will be fully traceable and compliant with leading international standards, including US Foreign Entity of Concern (FEOC) requirements, ensuring broad access to global markets.<\/p>\n<p>Mulham al Jarf, OIA\u2019s Deputy President for Investment, emphasized that the financial close reflects robust international confidence in Oman and the project. He praised the Omani government\u2019s agility, OIA\u2019s leadership as the largest shareholder, and United Solar Polysilicon\u2019s capability to deliver a world-class project aligned with the global energy transition. <\/p>\n<p>Al Jarf further highlighted that the project will create employment opportunities for Omanis, support small and medium enterprises, and lay the foundation for further investments in renewable energy. He stressed the Authority\u2019s commitment to diversifying funding through partnerships with leading institutions such as IFC, which will drive expansion into solar cell and module production, enhancing the project\u2019s long-term economic impact.<\/p>\n<p>Sam Zhang, Founder and Chairman of United Solar, described this milestone as pivotal, stating, \u201cWith OIA and IFC\u2019s support, we are building the infrastructure needed to strengthen the global solar supply chain and ensure manufacturers have reliable access to high-quality, traceable polysilicon that meets the world\u2019s most rigorous standards.\u201d<\/p>\n<p>Group CFO and Board Director Binyam Girogis noted that over 80 percent of the capital came from Omani institutions, regional and local banks, and IFC. He stated, \u201cThis level and diversity of participation validates our investment thesis and underscores Oman\u2019s attractiveness as a destination for long-term industrial investment.\u201d<\/p>\n<p>Ashruf Megahed, IFC Regional Industry Head for Manufacturing, Agribusiness, and Services in the Middle East and Central Asia, highlighted the project\u2019s role in enhancing Oman\u2019s export capacity and industrial base. \u201cBy reinforcing industrial capabilities, the project will significantly expand polysilicon exports, contribute to the growth of global energy production, and support Oman\u2019s long-term economic diversification and industrial transformation,\u201d he said.<\/p>\n<p>In an exclusive interview with Oman Observer, Megahed explained that IFC\u2019s involvement enhances the project&#8217;s bankability for international investors. He said, \u201cIFC\u2019s role here helps in terms of ensuring the project receives a stamp of approval for its financing and operations, particularly regarding environmental and social standards.\u201d<\/p>\n<p>He added that IFC\u2019s partnership with local banks allowed the project to multiply its mobilisation by about eight times, resulting in a total financing package exceeding $900 million. IFC also aided in designing a green framework critical for integrating into global supply chains for traceable polysilicon.<\/p>\n<p>According to IFC, global renewable capacity additions must exceed 1,100 gigawatts annually\u2014more than double current levels\u2014underscoring the strategic importance of projects like United Solar\u2019s facility in Oman for diversifying and strengthening clean energy supply chains worldwide.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The $900 million debt financing secured by United Solar for Oman\u2019s groundbreaking polysilicon manufacturing plant <strong>positions Oman as a strategic hub in the global solar supply chain<\/strong>, underlining its emerging role in clean energy industries. This initiative <strong>opens significant opportunities for local SMEs and job creation<\/strong>, while smart investors should note the strong international confidence reflected in the diverse funding sources, signaling <strong>a robust gateway for industrial and renewable energy investments in Oman<\/strong>.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>United Solar Holding secured over $900M debt financing for a $1.6B polysilicon manufacturing plant in Oman, the Middle East&#8217;s largest, supporting 40GW solar production annually. Oman Investment Authority is the largest shareholder with $260M invested.<\/p>\n","protected":false},"author":16,"featured_media":8177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[993,3491,835],"class_list":["post-8197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-oman-investment","tag-polysilicon-manufacturing","tag-solar-energy"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/01\/3262694.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/8197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=8197"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/8197\/revisions"}],"predecessor-version":[{"id":8198,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/8197\/revisions\/8198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/8177"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=8197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=8197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=8197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}