Sohar Industrial City Signs 39 Contracts Worth Over OMR 214 Million

Sohar Industrial City in Oman has significantly expanded its investment portfolio, signing 39 contracts totaling over OMR 214 million in the first half of this year. These agreements encompass a wide range of projects, including 22 new ventures, 12 expansions, 4 replacements, and one renewal, spread across more than 1.1 million square meters of land. This surge in activity brings the total cumulative investment in the industrial city to an impressive OMR 2.3 billion.

“

The total cumulative investment in the industrial city currently exceeds OMR 2.3 billion.

Engineer Abdullah bin Ahmed Al-Mayasi, Director General of Sohar Industrial City, highlighted the substantial growth, noting that the total leased area has reached over 16.2 million square meters within the developed zone. The city now hosts 497 companies, providing employment for approximately 12,671 workers. Among the key new developments is a ceramics factory, valued at OMR 25 million, which will occupy 241,000 square meters. This factory is designed with three production lines, aiming for a total daily output of 90,000 square meters, with 25% allocated for the local market and 75% for export to GCC and neighboring countries.

“

The project will contribute to adding value to the national economy by providing between 500 and 600 job opportunities, including more than 150 for Omanis, in addition to transferring expertise and promoting industrial development.

Al-Mayasi emphasized the economic benefits of these new projects, particularly the ceramics factory, which is expected to create between 500 and 600 job opportunities, with over 150 positions reserved for Omanis. This initiative is also seen as a catalyst for expertise transfer and broader industrial development within the Sultanate.

“

The renewable energy project currently under construction in Sohar Industrial City represents a significant strategic step towards enhancing the clean energy sector in the Sultanate of Oman.

Furthermore, Sohar Industrial City is making strides in the clean energy sector with a renewable energy project under construction. This project, with a projected capacity of 93 megawatts, is a strategic move to enhance Oman's clean energy landscape. It involves developing an integrated system for managing the clean energy distribution network, including billing and energy services for investors, all while adhering to international best practices. The initiative aims to provide investors with clean energy at competitive prices, potentially reducing electricity bills during solar generation hours and ensuring a stable power supply.

“

The project aims to deliver direct added value to investors by providing clean energy at a competitive cost and contributing to reduced electricity bills during solar power generation hours.