Sunday, August 30, 2026

Business News

Photo Credit: ONA

RO 87 million in new investments power growth in Oman’s Sohar Industrial City

Sohar Industrial City, under Madayn’s umbrella, is witnessing a robust surge in investment activity in 2024, having received 62 new investment applications—38 of which have been localized—amounting to over RO 87 million.

TAS News Service

info@thearabianstories.com

Saturday, May 10, 2025

Muscat: The newly approved projects will span more than 476,000 square meters, pushing the city’s cumulative investment volume to an impressive RO 2.3 billion. This development reflects Sohar’s growing appeal as a hub for diversified industries within Oman’s Vision 2040 framework.

Engineer Abdullah bin Ahmed Al Mayasi, Director General of Sohar Industrial City, highlighted the Ladain Plastic Industries Complex as a key player in this growth. The complex has successfully localized 16 projects with a total investment exceeding RO 31 million, utilizing around 13% of its allocated area. Notably, one project has already commenced production, while two others are under construction.

Among the most prominent upcoming ventures is the Multi-Sand Metal Company, which will manufacture plastic strips, panels, and sheets. Backed by RO 9 million in investments, this project spans 30,000 square meters and is set to begin operations in Q3 2025.

The complex aims to create a fully integrated zone for the production of semi-finished and finished plastic products across a vast one-million-square-meter area—strengthening the value chain and boosting economic diversification.

Additionally, Sohar Industrial City is gearing up for a major transformation with the launch of the Integrated Aluminium Economic Cluster. Covering over 771,000 square meters, the initiative will house various manufacturing industries centered around basic aluminium products. With strong local economic fundamentals, the cluster is designed to attract investments, create jobs, and position Oman as a key global player in the aluminium sector.

Close