Brazilian group Vale to set up integrated industrial complex in Oman

Brazilian group Vale to set up integrated industrial complex in Oman

Brazilian mining group Vale has signed a land reservation agreement with the Port of Duqm Company and a memorandum of understanding (MoU) with Marafiq in order to establish an integrated industrial complex in the Special Economic Zone at Duqm (Sezad).

The company said in a statement that the upcoming facility will be producing low-carbon products for the steelmaking industry.

The land reservation agreement commissions joint studies to build a Mega Hub in Oman, while the MoU is aimed at providing the project with access to all the utilities and services required for its operations while promoting the use of clean energy and green hydrogen at the port of Duqm.

Vale CEO Mr. Eduardo Bartolomeo stated that the signing of these agreements marks a significant milestone in establishing Vale as a leader in sustainable mining.

“We are thrilled about the prospects the planned Mega Hub presents in supporting the steel industry’s drive towards greener operations. The Port of Duqm, a growing key industrial hub in Oman, is perfectly positioned to support our expansion plans, and we are excited to demonstrate the potential of Oman and Duqm as an attractive proposition for foreign direct investment,” Mr. Bartolomeo added.

Reggy Vermeulen

CEO – Port of Duqm “The strategic location