MUSCAT: Oman on Wednesday announced that India’s Petiva Group will build a natural sugar factory at Salalah Free Zone with an estimated investment of US$200mn.
On Wednesday, Salalah Free Zone and Petiva Group have signed a memorandum of understanding (MoU) to set up the factory. The MoU was signed by Ali Tabouk, CEO of Salalah Free Zone and Dr Pandey on behalf of Petiva Group, Salalah Free Zone Co said in a tweet on Monday. This will be Oman’s second sugar production plant.
According to Ali Tabouk, the investment is worth US$200mn and the factory will create more than 100 jobs. “The factory will produce a natural calorie-free, non-genetically modified sugar, the first of its kind in the Middle East,” Tabouk said in the tweet.
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He added that Salalah Free Zone is also working on new investments worth more than US$1bn, which will be announced soon. “The new investments will contribute more than 1,000 direct jobs,” he noted.
Earlier, Oman Sugar Refinery Company laid foundation stone for the country’s first sugar factory that is estimated at US$350mn.
