Oman secures RO 200M industrial investments
Analysis based on 6 articles · First reported Apr 26, 2026 · Last updated Apr 28, 2026
The signing of these investment agreements by the Oman — Public Authority for Special Economic Zones and Free Zones, totaling over RO 200 million, is expected to positively impact Oman's economy by driving industrial diversification and localizing high-value manufacturing. This will likely boost investor confidence in Oman's economic zones, particularly the Adani Ports & Special Economic Zone, Salalah Free Zone, and Oman — Khazaen Economic City, leading to increased foreign direct investment and job creation in sectors like steel, EV battery materials, and construction.
The Oman — Public Authority for Special Economic Zones and Free Zones (OPAZ) in Oman has signed investment agreements exceeding RO 200 million to establish various industrial projects across the Adani Ports & Special Economic Zone (SEZAD), Salalah Free Zone, and Oman — Khazaen Economic City. These investments are aimed at deepening Oman's industrial diversification and localizing high-value manufacturing, aligning with Oman Vision 2040. Key projects include a RO 41 million steel mould manufacturing plant by Alshaya Group in SEZAD, a RO 35 million facility by Elcora Advanced Materials Corporation in Salalah Free Zone for EV battery materials, and four agreements worth over RO 12.8 million in Oman — Khazaen Economic City for manufacturing and pharmaceutical activities. Additionally, OPAZ signed a memorandum of cooperation with Majan Gulf Investment to structure three projects valued at over RO 110 million. These initiatives reflect growing investor confidence in Oman's competitive investment environment and are expected to accelerate the implementation of high-impact industrial projects.
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