MUSCAT : The projects, with total investments exceeding RO 935 million, are expected to create more than 1,850 job opportunities.

The move underscores the Authority’s role in strengthening Oman’s manufacturing sector, a key driver of the Oman Vision 2040 goals.

The projects are being implemented through a mix of international partnerships and direct investments, focusing on localizing technology, boosting local supply chains, and promoting economic diversification. They target priority sectors identified in the Eleventh Five-Year Plan, including manufacturing, tourism, and the digital economy.

Among the most prominent initiatives is the United Solar Polysilicon project in the Sohar Free Zone, the company’s largest plant outside China, with an investment value of RO 700 million (USD 1.8 billion). The project, funded in part by the Oman Future Fund and a consortium of international and regional banks, aims to integrate Oman into the global solar energy supply chain, create 1,012 direct jobs, and enhance local content in clean energy technologies.

In the maritime sector, Asyad Group has launched Oman’s first integrated marine tugboat project through a partnership with Oman LNG and Svitzer International. The initiative is expected to provide significant direct and indirect job opportunities, localize around 50 percent of project value, and strengthen national capabilities in maritime manufacturing and logistics.

In the petrochemical sector, OQ Group and Sohar Free Zone launched a project to localize advanced technologies for producing purified terephthalic acid (TTA) and polyethylene terephthalate (PET), essential for packaging industries. The integrated industrial complex, with a total investment of over RO 192 million (USD 500 million), will create around 700 direct jobs and enhance Oman’s competitiveness in specialty chemicals.

Additionally, OQ Basic Industries is establishing a specialty chemicals plant in the Salalah Free Zone in partnership with Deepak of India. With an investment of RO 38 million (USD 110 million) and a production capacity of 70,000 tons per year, the project will produce sodium nitrate and sodium nitrite, create 150 direct jobs, and support Oman’s pharmaceutical and agricultural industries.

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