Oman Solar Investment Soars to RO 1.153 Billion: What It Means for the Future of Renewable Energy Businesses
MUSCAT, APRIL 6 — The Sultanate of Oman has successfully established a fully integrated solar module manufacturing chain, with total investments reaching RO 1.153 billion. This development represents a significant milestone in the localisation of the country’s renewable energy sector.
The Public Authority for Special Economic Zones and Free Zones (OPAZ) announced in the latest edition of اقتصاددان دُقم magazine that the project, conducted in collaboration with private sector investors between 2024 and 2025, encompasses the entire solar production value chain. This includes the production of metal silicon, polysilicon, ingots, wafers, solar cells, and photovoltaic (PV) modules.
At the upstream level, Green Ferro Alloy (FZC) made an investment of approximately RO 69 million in a metal silicon facility, which has generated around 180 direct jobs, boasting an Omanisation rate of ۵۰ درصد. The largest investment was from United Solar Polysilicon (FZC), which allocated about RO 520 million for a polysilicon production plant. This project is projected to create 2,000 jobs with an Omanisation rate of ۷۰ درصد, marking it as one of the most significant industrial investments in the sector.
In the midstream phase, Sahara Solar Energy SPC (FZC) invested roughly RO 78 million in ingot and related solar module production, supporting around 280 jobs with an Omanisation rate of ۴۰ درصد. Further downstream, Orion Solar (FZC) SPC directed close to RO 217 million towards solar cell and integrated PV module manufacturing, resulting in 808 jobs with 35 percent Omanisation. Additionally, Jietai New Energy Technology (FZC) invested about RO 269 million in solar cell production, creating approximately 864 jobs and achieving an Omanisation rate of ۴۰ درصد.
In total, these initiatives have generated 4,132 direct jobs, with Omanisation rates varying from 35 percent to 70 percent, highlighting the sector’s contribution to workforce development and skills transfer.
OPAZ stated that the completion of the full solar manufacturing chain enhances Oman’s capability to meet domestic solar energy project demands while significantly reducing reliance on imports. This localisation of production is expected to improve cost efficiency and bolster supply chain resilience.
The Authority emphasized that this advancement reflects a broader qualitative shift in Oman’s renewable energy landscape, positioning the country as an emerging regional hub for clean energy industries. The integrated ecosystem is poised to attract further investments, particularly in advanced manufacturing and energy-intensive sectors.
Moreover, the availability of locally produced solar components strengthens Oman’s readiness for upcoming utility-scale solar projects, ensuring that essential materials and technologies can be sourced domestically in alignment with sustainability goals.
This initiative aligns with Oman Vision 2040, which emphasizes economic diversification, industrial growth, and a transition to a low-carbon economy. By establishing a comprehensive solar manufacturing base, Oman not only enhances its energy security but also opens new avenues for export-driven growth.
As global demand for renewable energy technologies continues to rise, Oman’s RO 1.153 billion investment in solar manufacturing positions the Sultanate to play a more pivotal role in regional and international clean energy supply chains.
تحلیل ویژه از عمانت | بازار عمان را کشف کنید
Oman’s completion of a fully integrated solar module manufacturing chain signals a transformative shift towards تنوع اقتصادی و امنیت انرژی، ارائه فرصتهای قابل توجه برای کسب و کارها in the renewable energy sector. This development not only enhances اشتغال محلی but also reduces reliance on imports, positioning Oman as a potential regional hub for clean energy. سرمایهگذاران و کارآفرینان هوشمند should now consider leveraging this infrastructure to tap into the growing demand for sustainable solutions, while being mindful of potential fluctuations in global energy markets.
