MUSCAT : The agreements were signed in Muscat under the “Localize it: From Vision to Partnerships” initiative, organised by the Public Services Regulatory Authority in cooperation with Voltamp Energy. The signing ceremony was held under the patronage of H.E. Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals.

Of the 10 agreements, four were signed with local small and medium enterprises, while six involve local and international companies. The projects will lead to the establishment of seven new factories, along with new production lines at two existing factories.

The seven new facilities will manufacture eight essential electrical transformer components in Oman, while the additional production lines at the two existing factories will produce two other key components.

The projects are expected to be developed over a proposed total area of up to 34,000 square metres, with commercial production scheduled to begin during 2027 and 2028.

H.E. Dr. Mansour bin Talib Al Hinai, Chairman of the Public Services Regulatory Authority, said the agreements mark a practical step towards localising strategic industries, increasing local content and enabling SMEs to become part of industrial value chains.

He said the projects would help expand investment and production opportunities, increase local value addition and improve the competitiveness of Oman’s economy.

H.E. Al Hinai noted that rapid growth across electricity, energy transmission and distribution, renewable energy and green hydrogen projects has increased the importance of developing a national industrial base capable of meeting the needs of these sectors efficiently and reliably.

He added that localising transformer component manufacturing would create opportunities for knowledge transfer, training of national talent, quality employment, new investments and the development of Omani enterprises.

“The true value of these agreements lies in their impact on investment, industry localisation, empowering national talents and providing job opportunities,” he said, highlighting their role in supporting a more diversified and sustainable economy.

H.H. Sayyida Mayan bint Shihab Al Said, Vice Chairperson of the Board of Directors of Voltamp Energy, said the initiative reflects national priorities and expressed confidence that it would become an inspiring success story for the electrical components industry in Oman and the wider region.

She said the initiative could also serve as a starting point for similar national localisation programmes across other economic sectors.

The projects are expected to create direct employment opportunities for Omanis, while also generating indirect jobs across supporting industries and services.

The four agreements involving local SMEs are designed to help them establish new industrial ventures and participate more extensively in electricity-sector value chains. The six agreements involving local and international companies are expected to strengthen investment partnerships, combine local and global expertise, facilitate technology and knowledge transfer, and develop technical and industrial capabilities.

Local manufacturing is also expected to improve the resilience and security of supply chains by reducing dependence on imports and limiting exposure to global supply disruptions and market volatility.

Officials said the initiative could help retain a larger proportion of procurement spending within Oman, attract additional industrial investment, develop value-added industries and build expertise across engineering, technical and operational fields.

The localisation drive is also intended to establish a scalable industrial base capable of eventually expanding into regional and international markets.

The initiative follows cooperation between the Public Services Regulatory Authority and Voltamp Energy to identify industrial opportunities that can be localised, encourage investment in electricity-related industries and connect the sector’s requirements with opportunities available to investors and Omani companies.

The “Localize it: From Vision to Partnerships” initiative forms part of a broader effort to localise industries and supply chains linked to public services and transform sector requirements into sustainable economic and industrial opportunities.

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