Oman, 29 April, 2025 : The Ministry of Commerce, Industry, and Investment Promotion wrapped up the "Advantage Oman" forum with the signing of major investment deals, strengthening the Sultanate’s role as a leading investment hub.
Ibtisam Ahmed Al Farooji, Undersecretary for Investment Promotion, said the forum advanced economic diversification and connected investors with key public and private sector leaders to explore opportunities aligned with Oman Vision 2040.
A highlight was JA Solar's agreement to build a RO 217.3 million solar cell and panel plant at Sohar Freezone, covering 32.5 hectares. Set to open in Q1 2026, the facility will produce 6 GW of solar cells and 3 GW of panels annually.
Khalid Salim Al Qasabi, Director General of Industry, noted the project supports Oman’s Industrial Strategy 2040 by boosting the industrial sector’s contribution to GDP and advancing renewable energy initiatives.
The two-day forum also hosted dialogue sessions, investor success stories, and sector-focused discussions on tourism, logistics, mining, food security, renewable energy, and IT.
Source : www.omannews.gov.om
