Muscat – Oman has launched a new public-private platform, the National Green Mobility Company (NGMC), to accelerate the transition to electric transport, with an estimated investment of RO29mn.

NGMC will create an innovative ecosystem for electric vehicles (EVs), encompassing electric cars, charging infrastructure, digital platforms, and technical services. The company has been established through a partnership between HK Ventures (Oman) and the China–Middle East Development Group.

The announcement was made at a ceremony held under the patronage of H E Sheikh Salem bin Mustahail al Mashani, Advisor at the Diwan of Royal Court, attended by several ministers and senior officials. The launch of NGMC coincided with the 3rd Green Mobility Forum in Dhofar Governorate, reflecting Oman’s vision for a fully integrated green economy and a sustainable transport future.

In a press statement, H E Eng Saeed bin Hamoud al Maawali, Minister of Transport, Communications and Information Technology, said the launch of NGMC demonstrates Oman’s commitment to building a modern and environmentally friendly transport system. “It is not merely an electric mobility initiative, but a national platform that supports industrial innovation and creates broad opportunities for employment, thereby strengthening Oman’s position as a regional hub for clean technologies.”

NGMC has outlined an ambitious roadmap for the sector, starting with the distribution of 500 EVs in Muscat and other governorates in 2026, followed by the establishment of a National Research and Innovation Centre in 2027. By 2032, the project aims to operate more than 10,000 EVs and 200 fast-charging stations across Oman.

Looking ahead to 2035, the initiative will focus on industrial localisation, positioning Oman as a regional destination for the manufacturing and assembly of EV components. The roadmap also includes the localisation of charging equipment and the development of light mobility solutions such as e-bikes, further enhancing Oman’s role as a regional hub for green transport technologies.

The ceremony also saw the signing of a partnership agreement between the Omani and Chinese companies. The agreement was signed by Hilal bin Ali al Kharusi, Co-Founder of NGMC and CEO of HK Ventures, and Jessica Liu, representing the CEO of the China–Middle East Development Group.

Kharusi emphasised that NGMC was designed to be fully prepared both financially and operationally. He said the ecosystem will have a tangible impact on individual lives and the national economy.

“The project is expected to make a significant contribution to environmental preservation by reducing approximately 4.6 metric tonnes of CO₂ emissions per vehicle, amounting to nearly 46,000 metric tonnes annually by 2032. This reduction is equivalent to planting two million trees. By supporting cleaner transport, the initiative aligns with Oman Vision 2040 and the Net Zero Emissions by 2050 target, while also contributing to improved air quality and sustainable urban living,” he added.

NGMC is expected to create at least 500 jobs for Omanis in its initial phase, with employment opportunities set to grow as the ecosystem expands. In addition to direct job creation, the company will launch specialised training programmes to prepare national talent for careers in the electric mobility sector. These programmes will focus on the latest EV technologies, enabling Omanis to develop expertise in vehicle maintenance, charging systems, and digital platform management, ensuring long-term capacity building within the Sultanate.

Kharusi further highlighted that NGMC will provide extensive opportunities for local manufacturing, whether in EV components, charging equipment, or light mobility solutions such as e-bikes, enhancing Oman’s position as a regional hub in this sector.

Meanwhile, Jessica Liu expressed her pleasure at signing the partnership, contributing to the advancement of green mobility in Oman in support of the government’s sustainable development efforts. She affirmed that NGMC will utilise all its capabilities to ensure the success of the partnership and open wider horizons for progress in green transport.

Estimates indicate that Oman’s electric mobility market will reach $2.4bn by 2030, with an annual growth rate of around 30%. This expansion is driven by rising fuel prices, supportive government regulations, and the national shift towards clean energy.

NGMC signs key partnerships to support green transport sector

Coinciding with its launch, National Green Mobility Company (NGMC) on Sunday signed several strategic national partnerships to strengthen the system’s readiness from day one. These collaborations will develop comprehensive operational systems and skills to support the green transport sector in the sultanate, not only for the current project but also laying the foundation for sustainable growth in the future.

To unlock capital access and provide capital clarity to its mission, NGMC signed a strategic partnership with Sohar International Bank.

Abdulwahid Mohamed al Murshidi, Chief Executive Officer of Sohar International, said, “Our strategic partnership with NGMC reflects our commitment to advancing the objectives of Oman Vision 2040, elevating sustainability in the country’s transportation industry. Through our innovative, attainable, and flexible financial solutions, our role extends beyond providing capital to developing a viable and sustainable financial ecosystem that strengthens Oman’s position as a regional hub for green transportation and economic sustainability.”

NGMC also signed an agreement with Al Maha Petroleum Products Marketing Company to leverage its network in rolling out fast-charging stations. Al Maha Petroleum will support the electric vehicle charging strategy through its extensive network of 250 service stations strategically located across Oman. This will enable NGMC to enhance the fast-charging infrastructure and promote efficient and reliable adoption of electric mobility.

Eng Hamad bin Salim al Maghdri, CEO of Al Maha Petroleum, said, “This partnership aligns with Al Maha’s commitment to supporting the national journey towards clean energy and enhancing the readiness of vehicle transport infrastructure in line with Oman Vision 2040’s carbon emissions targets and the Net Zero 2050 initiative.”

A partnership agreement was also signed with Opal Marketing and Industries to ensure the provision of maintenance and technical support services through Precision Tune Auto Care. Opal will provide specialised maintenance services for electric vehicles via Precision Tune Auto Care.

Agreements were also signed with leading Chinese companies covering the supply of electric vehicles, establishment and operation of charging stations, and strategic cooperation in digital platform services – reflecting international confidence in the sultanate and NGMC’s capacity to lead this transformative initiative.