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Investments worth RO1.3b in Sohar Industrial Estate
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SOHAR The total investment in 178 projects in Sohar Industrial Estate (SIE) has amounted to RO1.3 billion, said Eng. Hamad Bin Salim Al Mahdali, Director-General of SIE.
Speaking to Oman Tribune, he said the production has started in 68 of the total 178 projects, while seven of them are on experimental phase.
“Forty-two projects are under construction and the work will start soon for the remaining 62 projects,” he said.
The SIE houses an array of industrial projects including that of foodstuffs, chemicals, plastics, petroleum and gas derivatives, furniture, minerals, paper, building material and aluminium. The products greatly cater to the requirements of the local market and are being exported to Europe, the United States, Africa, GCC countries and other Arabian markets. Besides, the SIE has created 2,500 employment opportunities for the natives and greatly contributes to the national GDP and foreign export.
Al Mahdali revealed that SIE is planning to sign a free trade agreement with the US, which will enable the Omani products enter the competitive American markets.
Sohar Aluminium Smeltry with an annual production capacity of 36,000 tonnes is one of the most successful projects in the SIE.
The SIE is aiming more investment from various domestic and foreign quarters to extend its activities, he said.
SIE is located in the main route connecting Muscat Governorate and Dubai Emirate and very close to Sohar Port Industrial Estate and the new airport.
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