Voltamp Energy, in partnership with the Public Services Regulatory Authority and the Small and Medium Enterprises Development Authority, has launched the ‘Localize it with Voltamp’ initiative to support supply chain localization and enhance local value in Oman’s electrical and energy industry sectors.
The initiative supports entrepreneurs, small and medium enterprises (SMEs), and local and international investors by creating industrial partnership opportunities with Voltamp Energy.
The program will connect participating businesses with international manufacturers and facilitate the transfer of manufacturing technologies to Oman, contributing to the development of a stronger domestic manufacturing base capable of serving local and regional market requirements.
As part of the initiative, Voltamp Energy plans to localize the manufacturing of 10 key high-demand components used within its product portfolio.
The company stated that these opportunities are expected to develop into local manufacturing facilities that can support industrial supply chains, reduce reliance on imports, and improve supply continuity over the long term.
The program is expected to contribute to the establishment of 10 local factories with total investments estimated at $130 million (50 million Omani riyals).
The initiative also aims to support the signing of pre-purchase agreements that could generate between $78 million (30 million Omani riyals) and $104 million (40 million Omani riyals) in local added value, while creating at least 100 jobs during the initial establishment phase of the factories.
In addition to investment and manufacturing opportunities, the initiative is designed to provide sustainable supply opportunities for SMEs operating in the sector.
Voltamp Energy will also offer technical assistance and industrial guidance to help ensure that participating projects meet the operational and quality requirements necessary to join approved supply chains.
Mohammed Ajmal Pasha Chief Executive Officer Voltamp Energy
“This initiative reflects our focus on developing local industrial capabilities and supporting the localization of industries related to the energy sector in Oman. We have identified 10 opportunities for product localization within our operational ecosystem and encourage SMEs, entrepreneurs, and investors to participate in this initiative. Voltamp Energy will provide guaranteed purchase agreements, technical support, and access to regional markets to support the development of competitive local manufacturing operations.”
The initiative is aligned with the Sultanate of Oman’s economic objectives related to expanding local manufacturing capabilities, increasing the contribution of SMEs to the national economy, and strengthening local added value across industrial sectors.
