Muscat – Sur Industrial City, which is affiliated to the Public Establishment for Industrial Estate (Madayn), has signed an investment agreement with Al Ghaith for Chemical Industries to establish a chemical plant.
Al Ghaith for Chemical Industries will set up the chemical plant on a 60,000 sqm area in the Sur Industrial City with an investment exceeding US$40mn, Madayn said in a press statement on Saturday.
This value-adding project, Madayn said, aims at promoting the growth of chemical industries in Oman 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, said that this new project will adopt advanced chlor-alkali technologies for the production of chemicals.
“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,” he said.
The construction for Al Ghaith’s chemicals plant is expected to start in the fourth quarter of 2022 and commercial production is expected to begin during the first half of 2024.
Almamoon 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. The plant will meet the needs of customers in the oil and gas and 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.”
Sur Industrial City has witnessed increased interest from investors in recent years. The city recently signed an investment contract with Al Fairuz Projects and Investments to establish rubber powder production plant with an investment of RO83mn for phase one of the project.
The total volume of investments in Sur Industrial City had touched RO1.5bn by the end of 2020.
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