Oman
Sur Industrial City Signs Investment Pact Worth Over USD 40 Million To Establish Chemical Plant
Sur: Sur Industrial City, affiliated to the Public Establishment for Industrial Estates “Madayn”, has signed an investment contract with Al Ghaith for Chemical Industries to establish chemical plant on 60,000 sqm with an investment value exceeding USD 40 million. This value-adding project aims at promoting the growth of chemical industries and supplying the oil and gas, petrochemical and water treatment industries with basic chemicals and raw materials.
Eng. Abdulqadir Al Balushi, Director General of Sur Industrial City, informed that this project will adopt advanced chlor-alkali technologies. “The production lines will be operated with cutting-edge and environmentally friendly technologies, which shall enhance the quality of the plant’s output. It is hoped that the project will provide a range of job opportunities for Omanis,” Al Balushi pointed out.
On his side, Eng. Al Mamoon Al Baadani, CEO of Al Ghaith for Chemical Industries, said: “We look forward to starting construction works during the last quarter of this year to expand production operations for caustic soda, hydrochloric acid, calcium chloride and sodium hypochlorite, and meet the needs of customers in the oil and gas, chemical industries, and water treatment sectors. The plant is expected to commence commercial production during the first half of 2024, thanks to the efforts made by Sur Industrial City management to facilitate the investment process.”
About Sur Industrial City :
The Wilayat of Sur is the most important Wilayat in Al Sharqiyah Region of the Sultanate of Oman. Located 150 km southeast of Muscat, Sur was famous for its shipbuilding, fishing, and maritime transport and had a long maritime history.
Currently, there are 127 industrial projects in Sur Industrial City. The total volume of investments in Sur Industrial City amounted to 1.5 billion Omani Riyals by the end of 2020, while the workforce amounted to 4,111 workers, with an Omanization rate of 49%.
Approval has been issued by the competent authorities in Oman to establish Sur Port. Preparations are currently underway to start the executive steps of the project to be a partner of the local ports in the Sultanate. The Port aims to strengthen the national economy by attracting foreign investments and using local raw materials.
Sur Industrial City is distinguished by its unique geographical location with a waterfront of 8 km. The Industrial City began its activity in 1999. It is one of the industrial cities that operates under the umbrella of Madayn and includes some giant industrial projects such as the gas liquefaction project. Furthermore, the fertilizers project and small and medium projects in various sectors and fields.
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