Sur Industrial City attracts investment worth $25mn
As per this agreement, the city, under the Public Establishment for Industrial Estates 'Madayn', will receive an investment of over US$25mn for the facility to be built on an area of 20,000sqm, officials informed.
This value-added project is set to boost the growth of the chemical and energy sectors in the sultanate, they added.
Nasser al Mabsali, Director General of Sur Industrial City, said that the project would open new horizons for high-purity silicon manufacturing, which is the cornerstone of renewable energy and electronics industries.
'This investment represents a significant value addition to South Sharqiyah governorate in general and Sur Industrial City in particular. The project will support the localisation of advanced technology-based industries and create employment opportunities for Omani cadres,' Mabsali pointed out.
Almamoon al Baadani, CEO of Al Ghaith Industries, highlighted that the Trichlorosilane plant represents a major milestone in the sultanate's chemical sector.
'This will be the first facility of its kind in the Middle East, and several projects are planned over the coming years, thanks to Oman's attractive investment environment,' Baadani said.
He noted that the factory's commercial production is expected to commence by the end of the first quarter of 2027, expressing gratitude to the management of Madayn, represented by Sur Industrial City, for their efforts in facilitating the investment process and advancing the industrial sector.
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