Oman launches $488.6M battery project to advance green energy transition
Salalah Free Zone facility to support electric vehicle industry, energy storage, and Vision 2040 goals
MUSCAT, Oman (MNTV) — Oman has launched a major battery manufacturing project worth over OMR188 million ($488.6 million) to accelerate its clean energy transition and support its net-zero emissions target by 2050.
The advanced facility, covering 370,000 square meters in the Salalah Free Zone, will produce lithium iron phosphate (LFP CAM), ammonium phosphate, iron salts, and carbon materials used in electric vehicles, energy storage, and modern electronics.
According to Zawya News, the project will be developed in phases over four to six years, with the first phase valued at more than $190 million.
The Public Authority for Special Economic Zones and Free Zones (OPAZ) signed the agreement with GFCL EV (SFZ) LLC, a subsidiary of the global InoxGFL Group, in a ceremony attended by OPAZ Chairman Sheikh Dr. Ali bin Masoud Al Sunaidy and senior officials.
The facility is expected to eventually support production of up to 100 gigawatt-hours of batteries.
Dr. Ali bin Mohammed Tabouk, CEO of Salalah Free Zone, said the project underscores growing investor confidence in Oman’s green industry sector.
“It represents a strategic addition to the Salalah Free Zone and will drive the development of advanced battery technologies, reinforcing Oman’s position as a regional hub for clean energy manufacturing,” he noted.
Officials emphasized that the initiative will generate knowledge transfer, create quality jobs for Omani talent, and support small and medium enterprises (SMEs) in line with Oman Vision 2040.
Dr. Said bin Khalifa Al Quraini, Director General of Investment Development at OPAZ, said the project aligns with the country’s economic diversification strategy.
“It opens new horizons for partnerships in electric vehicle industries, advanced energy storage, and clean technologies,” he said.
The program also aims to strengthen Oman’s supply chain, encourage technology transfer, and enhance foreign direct investment while advancing community development through SME partnerships and corporate social responsibility initiatives led by GFCL.
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