Oman-based Sur Industrial City, affiliated to the Public Establishment for Industrial Estates “Madayn”, has signed an investment contract with UAE’s Al Ghaith to establish a chemical plant on 60,000 square meters with an investment value exceeding $40 million.
This value-adding project aims at promoting the growth of chemical industries and supplying the oil and gas, petrochemical and water treatment industries with basic chemicals and raw materials.
Eng. Abdulqadir Al Balushi, Director General of Sur Industrial City, informed that this project will adopt advanced chlor-alkali technologies and that the production lines will be operated with cutting-edge and environmentally friendly technologies, which will enhance the quality of the plant’s output. It is also hoped that the project will provide a range of job opportunities for Omanis.
Eng. Al Mamoon Al Baadani, CEO of Al Ghaith for Chemical Industries said that “We look forward to starting construction works during the last quarter of this year to expand production operations for caustic soda, hydrochloric acid, calcium chloride and sodium hypochlorite, and meet the needs of customers in the oil and gas, chemical industries, and water treatment sectors.”
The construction for Al Ghaith’s chemicals plant is expected to start in the fourth quarter of 2022 and commercial production is expected to begin during the first half of 2024.
Sur Industrial City recently signed an investment contract with Al Fairuz Projects and Investments to establish a rubber powder production plant with an investment of $215.6 million for phase one of the project. The total volume of investments in Sur Industrial City had touched $4 billion by the end of 2020.
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