The Sultanate of Oman has launched a project to produce anode materials used in lithium-ion batteries, expanding its manufacturing base in industries linked to clean energy and advanced technologies.
The project supports the country’s efforts to expand its advanced manufacturing base and strengthen its role in global supply chains linked to clean energy technologies.
Chongqing Electric, through its subsidiary Chongqing Shenzhen (Hong Kong), has announced the commencement of construction of the project in the Sohar Free Zone following the laying of its foundation stone.
The facility is expected to become one of the company’s largest overseas production bases for lithium-ion battery anode materials and forms part of its international expansion strategy to serve growing demand in global markets.
The project is the result of cooperation between ‘Invest in Oman’, Sohar Free Zone, the Special Economic Zone at Duqm, and the investing company.
It also reflects Oman’s ongoing efforts to attract investments in advanced industries by leveraging its strategic location, industrial infrastructure, logistics capabilities, and investment incentives.
Ibtisam bint Ahmed Al Farouji Undersecretary for Investment Promotion Oman MoCIIP
“This project represents an important addition to Oman’s advanced industries sector and reflects the growing confidence that international companies have in the Sultanate’s business and investment environment. The investment is aligned with Oman’s economic diversification objectives and supports the development of industries related to modern technologies and clean energy. ‘Invest in Oman’ continues to attract high-value investments by providing investment enablers and incentives, facilitating procedures, and strengthening partnerships with global investors, contributing to the localization of advanced industries and the creation of sustainable economic opportunities.”
The project includes the establishment of a factory with an annual production capacity of up to 200,000 tonnes of anode materials used in lithium-ion batteries. The total investment value is estimated at approximately $1 billion.
Development of the facility will take place in three phases, allowing production capacity to expand in line with international demand for battery materials.
The plant supports industries associated with electric vehicles, energy storage systems, and other clean energy applications that rely on lithium-ion battery technology.
Zhongke Electric underscored that the decision to establish the project in Oman was based on several factors, including the country’s competitive business environment, strategic location connecting regional and international markets, and industrial and logistics infrastructure that supports manufacturing activities related to renewable energy and advanced technologies.
The company also highlighted Oman’s ability to provide an environment suitable for long-term industrial investments, particularly in sectors linked to the global energy transition and technology development.
The project strengthens Oman’s position within the international battery materials supply chain and facilitate the growth of its manufacturing sector.
It will contribute to the attraction of additional industrial investments in sectors associated with clean energy, advanced technology, and value-added production.
