Latest news with #Raysut
Times of Oman
07-05-2025
- Business
- Times of Oman
Investment in pharmaceutical industry sector in Dhofar stands at OMR90 million
Salalah: Dhofar Governorate boasts remarkable development in the field of localizing pharmaceutical industries and medical supplies. The drive is aimed to secure the availability of medical drugs in the Sultanate of Oman and meet the needs of the local and regional markets. Investments to this effect stand at RO 90 million. Ibrahim Nasser Al Rashdi, Director General of the Drug Safety Centre at the Ministry of Health, told Oman News Agency (ONA) that pharmaceutical industry in Dhofar Governorate is burgeoning through three major pharmaceutical factories that help contribute to the needs of the health sector and diminish dependence on imports. Al Rashdi said that Dhofar pharmaceutical industries unit in Raysut Industrial City, inaugurated in September 2024, was set up at a total cost of more than RO 15 million. The unit, he explained, is one of the pharmaceutical projects specialized in producing intravenous solutions and dialysis solutions using advanced technologies in accordance with the highest international quality standards. He added that the unit in Raysut Industrial City, built on an area of 22,000 square metres, meets the needs of the local market for pharmaceutical solutions, which contributes to achieving drug security in the Sultanate of Oman, the Middle East and North Africa. The factory has an annual production volume of 15 million units of intravenous solution, along with 2.3 million units of kidney dialysis solutions, said Al Rashdi, noting that the factory meets the demand of the Omani health sector, thanks to its output estimated at 5 million units a year. Speaking about another unit, Oman Pharmaceutical Industries Company factory, Al Rashdi said that the company has been one of the most prominent pharmaceutical manufacturers in the Sultanate of Oman since its establishment in 2001. The factory has a cumulative investment volume of RO 35 million. Based in Raysut Industrial City in Salalah, the company aims to enhance the local pharmaceutical industry and provide high-quality pharmaceutical products to the Omani and global markets, Al Rashdi added. He added that Oman Pharmaceutical Industries Company's factory produces a wide range of medicines, including antibiotics, hormones, topical preparations, effervescent tablets and solid and liquid pharmaceutical forms. The unit's products are exported to more than 45 countries around the world, including the United States and Europe, which affirms its commitment to international quality standards, he explained. Al Rashidi pointed out that Raysut Industrial City includes a factory specialized in the production of medical supplies like gloves, medical masks and respirators. The unit has an investment value of approximately RO 5 million, said Al Rashdi, noting that the unit is capable of meeting the needs of the local and GCC health sectors. Al Rashdi said that Salalah Medical Supplies Manufacturing Company was established in 1997 and that the company's factory is also located in Raysut Industrial City on an area of 18,000 square metres. He added that the factory's products include supplying a wide range of medical gloves, masks, cotton, bandages and adhesive tapes. The unit provides and distributes its products within the Sultanate of Oman and exports them to other GCC states. Speaking about pharmaceutical industry in Salalah Free Zone, Al Rashdi said that investment in the Felix Pharmaceutical Industries factory is estimated at RO 35 million. The objective is to transform the Salalah Free Zone into a regional hub for pharmaceutical and biological industries, thus contributing to achieving drug security in the Sultanate of Oman and GCC states. Al Rashdi added that the factory seeks to produce more than 100 pharmaceutical products, including antivirals, as well as heart disease medications and vaccines in later stages. The production capacity of the first phase is expected to reach one billion tablets and one billion capsules a year, he explained. It's worth noting that the Sultanate of Oman seeks to enhance drug security by encouraging national and international investments in the medical industry. This aims to diminish dependence on drug imports and increase production to meet local needs in line with the goals of Oman Vision 2040.
Zawya
28-04-2025
- Business
- Zawya
Oman: Raysut Cement rekindles green energy deal with Chinese firm
MUSCAT: In a development poised to redefine Oman's approach to industrial energy efficiency, Raysut Cement Company is reactivating a strategic partnership with China's SINOMA Overseas Development Co, Ltd to launch the Sultanate of Oman's first waste heat recovery (WHR) power plant. The facility will harness thermal emissions from cement kilns to generate clean electricity — a model project aligning with global decarbonisation trends. The news surfaced directly from Raysut Cement CEO Eng Hilal al Dhamri, who confirmed a successful high-level meeting with SINOMA Overseas in Dubai. Discussions centred on moving forward with a long-stalled green energy initiative at Raysut's flagship plant in Salalah. 'Dhofar will host the first station of its kind in Oman,' said Al Dhamri in a post on social media, adding that the project will operate on heat discharged from cement production kilns. The groundwork for the WHR project was originally laid in 2018, when Raysut Cement and SINOMA Overseas Development Co, Ltd signed a memorandum to develop a 9-megawatt power facility. The system, once operational, is expected to cut the plant's reliance on grid power by up to 30 per cent and reduce CO₂ emissions by more than 50,000 tonnes annually. This revival arrives at a critical juncture. Oman is ramping up sustainability commitments under Oman Vision 2040 and its net-zero road map for 2050. Waste heat recovery is a proven industrial decarbonisation tool, already deployed across major cement markets like China and India. The Raysut–SINOMA project is expected to be a regional first, offering a replicable model for industrial-scale energy reuse in the Gulf. With environmental, social and governance (ESG) criteria gaining prominence across global capital markets, Raysut Cement's move could strengthen its sustainability credentials and attract future green investment. Moreover, SINOMA Overseas Development — an internationally renowned engineering firm under the China National Building Material Group (CNBM) — brings to the table extensive experience in delivering turnkey WHR projects worldwide. Its involvement signals technical credibility and enhances the project's feasibility. No official commissioning timeline has been released, but engineering design and site preparations are expected to be revisited before the end of 2025. The Salalah plant, one of Oman's largest cement production hubs, is already primed for the system's integration. When completed, the WHR facility will not only mark a first for Oman but serve as a blueprint for the region's low-carbon manufacturing future. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
25-04-2025
- Business
- Observer
Raysut Cement rekindles green energy deal with Chinese firm
MUSCAT, APRIL 25 In a development poised to redefine Oman's approach to industrial energy efficiency, Raysut Cement Company is reactivating a strategic partnership with China's SINOMA Overseas Development Co, Ltd to launch the Sultanate of Oman's first waste heat recovery (WHR) power plant. The facility will harness thermal emissions from cement kilns to generate clean electricity — a model project aligning with global decarbonisation trends. The news surfaced directly from Raysut Cement CEO Eng Hilal al Dhamri, who confirmed a successful high-level meeting with SINOMA Overseas in Dubai. Discussions centred on moving forward with a long-stalled green energy initiative at Raysut's flagship plant in Salalah. 'Dhofar will host the first station of its kind in Oman,' said Al Dhamri in a post on social media, adding that the project will operate on heat discharged from cement production kilns. The groundwork for the WHR project was originally laid in 2018, when Raysut Cement and SINOMA Overseas Development Co, Ltd signed a memorandum to develop a 9-megawatt power facility. The system, once operational, is expected to cut the plant's reliance on grid power by up to 30 per cent and reduce CO₂ emissions by more than 50,000 tonnes annually. This revival arrives at a critical juncture. Oman is ramping up sustainability commitments under Oman Vision 2040 and its net-zero road map for 2050. Waste heat recovery is a proven industrial decarbonisation tool, already deployed across major cement markets like China and India. The Raysut–SINOMA project is expected to be a regional first, offering a replicable model for industrial-scale energy reuse in the Gulf. With environmental, social and governance (ESG) criteria gaining prominence across global capital markets, Raysut Cement's move could strengthen its sustainability credentials and attract future green investment. Moreover, SINOMA Overseas Development — an internationally renowned engineering firm under the China National Building Material Group (CNBM) — brings to the table extensive experience in delivering turnkey WHR projects worldwide. Its involvement signals technical credibility and enhances the project's feasibility. No official commissioning timeline has been released, but engineering design and site preparations are expected to be revisited before the end of 2025. The Salalah plant, one of Oman's largest cement production hubs, is already primed for the system's integration. When completed, the WHR facility will not only mark a first for Oman but serve as a blueprint for the region's low-carbon manufacturing future.
