Salalah Free Zone and Advanced Industries Inc. of the United States have signed an agreement to the tune of RO29mn to set up a unit for the production of photovoltaic solar panels.

The agreement provides for the establishment of a factory for the production of photovoltaic (PV) solar panels having a lumpsum capacity of 200mn-Watt per annum – each producing 390-Watts of electricity across a total area of 10,000 sqm.

The pact helps the refurbishment of investment in the solar energy sector, the diversification of industries at Salalah Free Zone, and the empowerment of public-private partnerships.

This deal is expected to come as a boon to investors in renewable and sustainable energy.