Oman’s United Solar Laid Foundation Stone for Polysilicon Project Worth $1.35 Billion

Oman’s United Solar Laid Foundation Stone for Polysilicon Project Worth $1.35 Billion

United Solar Holding Inc., Oman celebrated the laying of the foundation stone for its pioneering polysilicon factory project in Sohar Port and Freezone.

This landmark project, representing an investment exceeding RO 520 million ($1.35 billion), is poised to have a production capacity of 100,000 tons annually.

The ceremony was held under the auspices of Sultan Salim Al Habsi, Minister of Finance.

Strategically aimed at polysilicon production, this project is a step forward in building a value-added chain across downstream and renewable energy sectors, especially in solar panel manufacturing. The project aligns with Oman Vision 2040’s goals to stimulate green hydrogen production and reduce solar panel costs in Oman, ensuring employment opportunities and social initiatives, including the training of Omani youth in this emerging field.

Speaking at the ceremony, Ibtisam Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry, and investment Promotion for Investment Promotion, emphasized the project’s alignment with Oman Vision 2040 to bolster local investment and attract foreign direct investment. She also highlighted the Ministry’s commitment to fostering industrial sector investment opportunities and facilitating the investor’s journey. She added: “We are steadfast in our national efforts to enhance investment opportunities in the industrial sector and other areas promoting economic diversification. Our aim