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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.

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