Oman launched a $488.6 million green project to accelerate its clean energy transition. The initiative supports the country’s net-zero emissions target by 2050. Officials highlighted that this advanced facility marks a significant step in developing Oman’s sustainable technology sector. The project demonstrates growing investor confidence in the Gulf’s green industry.
In Addition, the facility, located in Salalah Free Zone, spans 370,000 square meters. It will produce lithium iron phosphate (LFP CAM), ammonium phosphate, iron salts, and carbon materials. These products will supply electric vehicles, energy storage systems, and modern electronics across the region. The project will create new opportunities for local companies and technology transfer.
The project will develop in phases over four to six years. The first phase alone is valued at over $190 million. Authorities stressed that phased implementation ensures steady progress and encourages investor confidence. In addition, phased development allows for technology upgrades and workforce training throughout the project.
OPAZ signed the agreement with GFCL EV (SFZ) LLC, part of the global InoxGFL Group. Senior officials attended the ceremony, emphasizing growing international interest in Oman’s green industry. The partnership highlights Oman’s strategy to attract foreign investment and advanced clean technologies.
The facility will eventually produce up to 100 gigawatt-hours of batteries. This output strengthens Oman as a regional hub for clean energy solutions. By focusing on green technologies, the country also opens opportunities for electric vehicle industries and energy storage projects.
Dr. Ali bin Mohammed Tabouk, CEO of Salalah Free Zone, said the project demonstrates investor confidence in Oman’s green sector. Moreover, he added it will drive advanced technologies and strengthen the country’s clean energy manufacturing capabilities.
Officials also noted the project will generate knowledge transfer and create quality jobs for Omani talent. Small and medium enterprises will benefit, supporting Oman Vision 2040. By integrating SMEs, the project fosters local economic development and innovation.
Dr. Said bin Khalifa Al Quraini, Director General of Investment Development at OPAZ, stated the initiative aligns with Oman’s economic diversification strategy. Moreover, it opens opportunities for partnerships in electric vehicles, advanced energy storage, and clean technologies.
In conclusion, the program also strengthens Oman’s supply chain, encourages technology transfer, and boosts foreign direct investment. In addition, GFCL will lead corporate social responsibility initiatives to support local communities. These efforts enhance Oman’s green economy and long-term sustainability.
