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Oman’s Salalah Free Zone to get $230m processing plant

Oman News Agency
Salalah Free Zone and Besto Hengda Oman executives sign contract to establish a project for processing ferrous alloys and recycled wrapping paper

Salalah Free Zone, a subsidiary of Asyad Group, has signed an agreement with the Chinese silicon industry company, Besto Hengda Oman, to establish a project for processing ferrous alloys and high-quality recycled wrapping paper.

The project will be built on an area of 300,000 sq m, with an investment worth $230 million (OMR88.5 million), state-run Oman News Agency reported.

In its first phase, the production capacity is expected to reach about 90,000 tons of ferrosilicon alloys annually.

The output will be doubled in the second phase to 180,000 tons per annum.

The production capacity of recycled wrapping paper in the first phase will be about 300,000 tons annually.

Earlier this month the Public Authority for Special Economic Zones and Free Zones signed a memorandum of understanding with Kobe Steel, a Japanese steel manufacturer and Mitsui & Company, a global trading investment company, to develop a low-CO2 iron metallics project in the Special Economic Zone at Duqm.

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