The Gulf Green Mobility Forum, held in Salalah, Dhofar Governorate, has marked a key milestone in Oman’s clean energy agenda with the signing of strategic agreements to establish the National Green Transport Company.
The company will be launched with investments estimated at $75.4 million (RO 29 million). A key development included a memorandum of understanding between the National Green Transport Company and Sohar International Bank, which will act as the project’s financial partner.
The collaboration aims to create innovative financial models that will enable individuals and institutions to lease or own electric vehicles (EVs), thereby supporting financial inclusion and promoting sustainable transportation solutions across Oman.
Another significant agreement was signed with Al Maha Petroleum Products Marketing Company to utilize its nationwide network of 250 service stations. This partnership is set to play a vital role in building a robust infrastructure for clean energy, primarily through the deployment of EV charging stations.
In parallel, the company has partnered with Opal Marketing and Industries to deliver technical and maintenance services via Precision Tune Auto Care. This move ensures the operational efficiency and long-term serviceability of electric vehicles in the Sultanate.
Eng. Said Hamoud Al Maawali, Minister of Transport, Communications and Information Technology, noted that these national partnerships represent a fundamental pillar for launching the project, which embodies Oman’s commitment to building a modern and environmentally friendly transportation system.
The minister clarified that the Green Transport project is not merely an initiative for electric mobility but a national platform supporting industrial innovation, creating career opportunities, and enhancing Oman’s position as a regional hub for clean technologies.
Image credits: ONA | Cropped by GBN
Hilal Ali Al Khoroushi, Founding Partner of the National Green Transport Company and CEO of HK Ventures, explained that the system is designed to achieve high financial and operational readiness.
He noted that these agreements form a solid foundation to accelerate the Green Transport project’s pace and deliver tangible impacts on individuals’ lives and the national economy by reducing carbon emissions, generating job opportunities for Omanis, and paving the way for the future local manufacturing of electric vehicle components.
The company plans to deploy 500 electric vehicles in Muscat and other governorates by 2026, launch a national research and innovation center by 2027, and operate over 10,000 electric vehicles alongside 200 fast-charging stations by 2032. Industrial localization of EV components is targeted by 2035.
According to international market projections, Oman’s electric transport sector is expected to grow to nearly $2.6 billion (RO 1 billion) by 2030, at an annual growth rate of nearly 30 percent, aligning with the goals of Oman Vision 2040 and the country’s broader clean energy transition.
