Oman boosts renewable energy investments with Sohar Freezone project reviews

Oman is bolstering its position as a regional hub for advanced industries and renewable energy through focused follow-up on key investment projects. H.E. Ibtisam bint Ahmed Al Farooji, Undersecretary for Investment Promotion, conducted a field visit to the Sohar Freezone, engaging directly with investors to monitor the implementation and operational phases of projects attracted by Invest Oman. The visit underscored the Ministry of Commerce, Industry and Investment Promotion's commitment to supporting investors throughout the project lifecycle. A significant focus was placed on specialized industrial projects within the renewable energy sector. These projects collectively boast a production capacity of approximately 9 gigawatts annually, contributing to the manufacturing of solar cells and photovoltaic modules and strengthening the value chain integration in clean industries. During the tour, Al Farooji reviewed production lines, operational processes, and future expansion plans, highlighting the projects' role in advancing Oman's industrial capabilities. Discussions with company representatives and Sohar Freezone management centered on enhancing the investment environment to attract more high-value projects and foster future opportunities. Al Farooji emphasized that continuous project monitoring is a core pillar of the ministry's strategy, aiming to provide an integrated environment that meets investor needs and maximizes economic impact. This includes facilitating knowledge transfer, creating employment, and reinforcing Oman's competitive standing as an investment destination.

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Invest Oman’s role does not end with attracting investments. It extends to monitoring project implementation on the ground and providing the necessary support to investors to help accelerate project delivery and achieve their goals.