12,369.89 TRY BIST 100 BIST 100
50.24 EUR EUR EUR
43.17 USD USD USD
6.23 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
36.80 TRY Interest Interest
63.54 USD Fossil Oil Fossil Oil
5.87 USD Copper Copper
126.39 USD Silver Silver
107.17 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,415.80 TRY Gold (gr) Gold (gr)
106.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Sohar Iron and Billets to establish a OMR 10 million facility in Al Buraimi Industrial City

Al Buraimi Industrial City has signed a new investment agreement with Sohar Iron and Billet Company worth OMR 10 million.

Sohar Iron and Billets to establish a OMR 10 million facility in Al Buraimi Industrial City

Al Buraimi Industrial City, operating under the Public Establishment for Industrial Estates (Madayn), continues to expand its industrial activities with a new investment agreement. The agreement, signed between Madayn and Sohar Iron and Billets Company, includes the establishment of a plant dedicated to steel production and the processing of aluminium and non-ferrous metals.

The project will be developed on a 36,000-square-metre area with a total investment value expected to reach OMR 10 million.

Said bin Abdullah Al Balushi, Director General of Al Buraimi Industrial City, stated that the new facility will help boost industrial activity in the governorate, create job opportunities, and enhance local production capacity.

He added that Madayn is also continuing its efforts to strengthen industrial infrastructure through road rehabilitation, the construction of a wastewater treatment plant, and the development of an integrated sewage network.

By the end of the first half of this year, the total investment volume in Al Buraimi Industrial City exceeded OMR 287.5 million. So far, 1,645 investment contracts have been signed, covering 1.7 million square metres of developed land. In addition, more than 4.4 million square metres of leasable land remain available for investors.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Turkish company assumed management of Tartus port which is hosting Russia’s only Mediterranean base

Friday, January 16, 2026

EUROMETAL: Last-minute CBAM changes are putting pressure on steel importers

Friday, January 16, 2026

Worthington Steel has signed an agreement to acquire Kloeckner & Co

Friday, January 16, 2026

EUROFER responded to the statement by European steel-using sectors on the new steel trade measure

Friday, January 16, 2026

Algoma Steel ends 122-year blast furnace era, transitions to EAF steelmaking

Friday, January 16, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now