Deals worth $40m signed for Salalah Free Zone projects in Oman

The free zone also celebrated the laying of the foundation stone for a plant that will produce 25 tons per annum of curcumin and basic oil extracted from turmeric

The foundation stone for a curcumin plant has been laid at Salalah Free Zone [image: ONA].
The foundation stone for a curcumin plant has been laid at Salalah Free Zone [image: ONA].

Investment agreements amounting to $40m (OMR15.4m) have been signed for manufacturing projects in Oman’s Salalah Free Zone (SFZ).

The agreements, signed by SFZ chief executive officer Eng Awadh bin Salem Al-Shanfri, included the development of a plant for polyester granules and packing bags. The project is valued at $25m (OMR9.6m).

An agreement worth $10m (OMR3.9m) was also inked with Oman Pens and Paper Manufacturing Co for the construction of a pen manufacturing plant in the free zone.

READ: Oman Oil Company to break ground on two plant projects

A $5m (OMR1.9m) deal, meanwhile, was signed with Gulf Technology Industries for the development of a plant for packaging and wrapping products.

In addition to the signing of the agreements, the free zone celebrated yesterday the laying of the foundation stone for a plant that will produce 25 tons per annum of curcumin and basic oil extracted from turmeric, Oman News Agency (ONA) reported.

The plant is owned by Fortune Bio Organic, whose chairman, Alok Agrawal, relayed during the event the company’s interest in investing in other production lines.

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 767
Sep 01, 2020