Foundation Stone Laid for $112m worth Oman’s Titanium Project
- Date: 13-Nov-2022
- Source: Saudi Gulf Projects
- Sector:Real Estate
- Country:Oman
Foundation Stone Laid for $112m worth Oman’s Titanium Project
A ceremony was held at Sohar Freezone to lay the foundation stone of Sohar Titanium project to produce titanium dioxide at a cost of RO 43 million.
The project will be set up on an area of 120,000 square meters, and a production capacity of 150,000 tons per year. It is expected to start commercial operation by 2025.
The ceremony was held under the patronage of Eng. Salim Nassir Al Awfi, Minister of Energy and Minerals.
Sohar Titanium project is a strategic partnership between the Minerals Development Oman with 35% of the share, and the remaining 65% is distributed to Dubal Holding and Stork International through the Gulf Titanium.
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