MUSCAT – The RO 204 million project is designed to establish integrated value chains for the quarrying of limestone and gypsum, complemented by the development of an advanced deepwater minerals berth that will significantly enhance Oman’s export capacity for industrial minerals and elevate the country’s competitive position in global markets.
This project, aligning with the objectives of Oman Vision 2040, contributes to strengthening the integration of the national port network and enhancing the efficiency of supply chains for Omani exports to regional and international markets.
The Southern Minerals Project spans three concession areas covering 1,500 square kilometres and contains proven deposits of gypsum and limestone, documented through exploration work conducted by Oman Mining Development Company over the past years.
The quarries will have an annual production capacity of 30 million tons of gypsum and limestone, enhancing the export capacity of Oman’s industrial minerals sector and opening up logistical and industrial pathways that support the competitiveness of Oman, particularly the Dhofar Governorate.
Thanks to its large mineral reserves and advanced infrastructure, the project provides an attractive environment for establishing downstream industries and enhancing value-added chains. The JSW Group was selected as the lead partner based on the technical and financial proposals submitted, in addition to its extensive global experience in the iron, steel, metals, energy and infrastructure development sectors in India and a number of international markets.
His Excellency Abdul Salam bin Mohammed Al Murshidi, Chairman of the Oman Investment Authority, explained that the South Minerals Project represents a model of the investment approach adopted by Oman to enhance the growth of the mining sector across the various stages of the value chain, and provide opportunities to attract foreign investments.
Dr. Badr bin Saud Al-Kharousi, Chairman of the Board of Directors of MDO, indicated that the Project also includes mining, which is the largest mining venture in the Sultanate of Oman.
JSW Infrastructure CEO Rinkesh Roy said that entering into a strategic partnership with MDO represents an important opportunity to enhance the company’s presence in Middle Eastern markets, especially since the Sultanate of Oman provides an attractive investment environment with advanced regulatory structure and support, which enhances the project’s chances of success and its economic value. He pointed out that this partnership embodies its commitment to developing world-class marine infrastructure that provides long-term value to all stakeholders.