Green Ferro Alloy to set up first silicon metal plant in Oman

Green Ferro Alloy to set up first silicon metal plant in Oman

Sohar Port and Freezone has announced that it has signed a land lease agreement with Green Ferro Alloy for the establishment of Oman’s first silicon metal plant on a 160,000 sqm area within the freezone.

The silicon metal plant, which is being set up at a total investment of $68 million, reinforces Sohar`s position as a global trade hub and represents a significant milestone in the economic growth and diversification of the region, meeting the growing demand for silicon metal in Asia, Europe, and North America, said the statement from Sohar Port and Freezone.

The silicon metal plant will be designed and built to produce high-quality silicon metal, initially at a capacity of 25,000 TPA in the first phase and expanding to 50,000 TPA in the second phase, it stated.

On the new venture, Omar Al Mahrizi, CEO of Sohar Freezone and Deputy CEO of Sohar Port, said: "This agreement marks a pivotal moment for us as it strengthens our position in global trade and reinforces our commitment to economic resilience."

"The establishment of the first silicon metal plant in Oman showcases our dedication to diversifying industries. Moreover, it demonstrates our ability to attract significant foreign direct investment, fostering business growth by increasing throughput