Oman Zinc Company and Sohar Port and Freezone recently announced a OMR 19.24 (USD 50 million) investment agreement. The contract will see the development of a Zinc Ash Recycling Industrial Park on a 10-hectare site at Sohar Freezone.
Sohar Freezone Strengthening Its Position As A Regional Hub
The project will convert steelmaking residues into valuable industrial materials and will strengthen the Freezone’s position as a regional hub. Accordingly, the new complex will process zinc ash and electric arc furnace (EAF) dust to produce 10,000 tonnes per year of refined zinc ingots and 50,000 tonnes per year of rubber-grade zinc oxide. These products will supply high-growth downstream industries across the Gulf Cooperation Council (GCC), Southeast Asia, Europe and Africa. Furthermore, they will support applications in galvanising, alloys, rubber, batteries and specialty chemicals. Raw materials will be imported and handled through Sohar Port from local and international suppliers. Accordingly, this will create a comprehensive value chain linking global shipping lines with processing, storage, manufacturing and export operations.
Sohar Port One Of Worlds Fastest Growing Industrial & Logistical Hubs
The investment reinforces Sohar Port and Freezone’s growing metals cluster and its role as an export-oriented manufacturing hub. Aligned with Oman Vision 2040, the project accelerates circular economy outcomes and expands the Sultanate`s portfolio of sustainability-led industrial projects. Notably, the port is one of the world’s fastest-growing integrated industrial and logistics hubs. With over 20 years of operation, it has become the primary gateway for Oman’s import and export activities. Most importantly, it has contributed 2.6% to the nation’s GDP and has created around 42,000 direct and indirect jobs.
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