Oman Attracts Over $520m in Investments Across Economic Zones
The Sultanate of Oman has secured investment agreements worth more than $520 million across its free zones, supporting its efforts to build an export-oriented industrial base.
Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed investment agreements worth over 200 million Omani rials ($520 million) for projects in the Special Economic Zone at Duqm, Salalah Free Zone, and Khazaen Economic City.
These investments are aimed at enhancing economic diversification and positioning Oman as a regional hub for high-quality industrial investments.
The agreements cover a range of key economic sectors including EV batteries, specialized steel production, cement manufacturing, pipe manufacturing, glue production, tile cutting and processing, and pharmaceutical warehousing.
Notably, the projects emphasize strategic partnerships and are part of ongoing efforts to attract high-value investments that will drive national economic growth and contribute to Vision 2040.
Duqm accounts for one of the largest commitments with a $41 million steel mold manufacturing project aimed at meeting regional demand for construction and infrastructure activities while reducing imports and increasing in-country value.
The facility is set to utilize Electric Arc Furnace technology, which has lower carbon intensity compared to traditional methods.
Salalah Free Zone (SFZ) secured a 35-million-rial investment in active anode materials for electric vehicle batteries from GFCL EV Advanced Materials.
This project signifies the zone's aim to become a regional hub for advanced industries, particularly clean energy and electric vehicle technologies.
Khazaen Economic City added four projects worth more than 12.8 million rials covering construction materials, plastics, and pharmaceuticals.
Additionally, OPAZ signed a memorandum of cooperation with Majan Gulf Investment to structure three investment opportunities worth over 110 million rials for development within the zones.
The investments highlight Oman's strategy to develop specialized industrial clusters that strengthen manufacturing capacity, increase in-country value, and advance economic diversification.
Efforts to attract new investments have been successful, with total funding reaching 22.4 billion rials by the end of 2025, showing an annual growth rate of 6.8 percent.
These developments underscore Oman's commitment to building a sustainable and advanced industrial base supported by integrated commercial and service activities that enhance efficiency and sustainability.
These investments are aimed at enhancing economic diversification and positioning Oman as a regional hub for high-quality industrial investments.
The agreements cover a range of key economic sectors including EV batteries, specialized steel production, cement manufacturing, pipe manufacturing, glue production, tile cutting and processing, and pharmaceutical warehousing.
Notably, the projects emphasize strategic partnerships and are part of ongoing efforts to attract high-value investments that will drive national economic growth and contribute to Vision 2040.
Duqm accounts for one of the largest commitments with a $41 million steel mold manufacturing project aimed at meeting regional demand for construction and infrastructure activities while reducing imports and increasing in-country value.
The facility is set to utilize Electric Arc Furnace technology, which has lower carbon intensity compared to traditional methods.
Salalah Free Zone (SFZ) secured a 35-million-rial investment in active anode materials for electric vehicle batteries from GFCL EV Advanced Materials.
This project signifies the zone's aim to become a regional hub for advanced industries, particularly clean energy and electric vehicle technologies.
Khazaen Economic City added four projects worth more than 12.8 million rials covering construction materials, plastics, and pharmaceuticals.
Additionally, OPAZ signed a memorandum of cooperation with Majan Gulf Investment to structure three investment opportunities worth over 110 million rials for development within the zones.
The investments highlight Oman's strategy to develop specialized industrial clusters that strengthen manufacturing capacity, increase in-country value, and advance economic diversification.
Efforts to attract new investments have been successful, with total funding reaching 22.4 billion rials by the end of 2025, showing an annual growth rate of 6.8 percent.
These developments underscore Oman's commitment to building a sustainable and advanced industrial base supported by integrated commercial and service activities that enhance efficiency and sustainability.
