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OIA announces 10 national projects worth RO750mn

12 Nov 2022

Muscat – Marking the 52nd National Day, Oman Investment Authority (OIA) announced ten national projects, spread across governorates in different sectors, with an investment value of over RO750mn on Saturday.

The projects, to be developed and some already in advance stage of development, aim to contribute to the efforts of enhancing economic diversification, developing governorates, attracting investments, empowering the private sector, and creating more than 860 jobs for Omanis.

The ten projects include the RO60mn Sanvira Carbon – a petroleum coke calcination facility in Sohar Freezone, RO26mn Gulf International Poultry Farm with production capacity of up to 360mn eggs annually, RO21mn grain storage silos with a storage capacity of up to 160,000 tonnes, and RO178mn Salalah Ammonia with daily production of 1,000 tonnes of ammonia.

The projects are part of OIA’s National Development Portfolio, which manages 160-plus local assets and companies. The portfolio, aiming to contribute to the growth and development of the economy and support the General State Budget, has eight priorities – financial sustainability, selective growth, contribution to GDP, wooing investors, divestment, contribution to ICV, synergies, and governance implementation.

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