Forum in Cairo Highlights Investment Opportunities in Manufacturing Industries in Oman

Cairo: The Embassy of the Sultanate of Oman in Cairo, in cooperation with OQ Group and Oman Aluminium Rolling Company (OARC), organized a forum today titled "Sultanate of Oman: Your Destination for Investment in Downstream Aluminium Industries." The event aimed to highlight the most prominent promising investment opportunities in manufacturing industries related to rolled aluminium sheets in the Sultanate of Oman. According to Oman News Agency, the economic cluster for the aluminium industry in the Sultanate of Oman was introduced during the forum. This cluster represents an advanced model for developing integrated industrial systems focused on attracting qualitative investments and providing an attractive and stimulating business environment. This ecosystem is supported by an advanced infrastructure and a strategic location linking regional and global markets, alongside a comprehensive system of incentives and facilities that reinforce Oman's position as a promising industrial and logistical hub in the regi on. The forum witnessed the signing of an agreement to establish an aluminium services center in the Sultanate of Oman between Zenox Global and the Oman Aluminium Rolling Company. This step aims to enhance the attraction of manufacturing industries and support the development of value-added chains in this vital sector. Abdullah Nasser Al Rahbi, Ambassador of the Sultanate of Oman to the Arab Republic of Egypt and its Permanent Representative to the Arab League, affirmed that the forum embodies the depth of the deep-rooted fraternal and historical relations between the Sultanate of Oman and the Arab Republic of Egypt. He added that it reflects a mutual commitment to enhancing economic and industrial cooperation, elevating it toward broader horizons of integration and sustainable partnership. In his address, he explained that organizing this meeting aligns with the strategic directions of the Sultanate of Oman toward achieving sustainable economic diversification and maximizing the value added of national res ources. This is in line with the objectives of Oman Vision 2040, which focuses on building a competitive economy based on knowledge and innovation, and enhancing the role of the industrial sector as one of the primary drivers of growth and development. For his part, Ahmed Maghawry, Assistant Minister of Industry of the Arab Republic of Egypt, explained that recent years have witnessed tangible development in economic and investment cooperation. This progress is evident through growing trade exchange, cooperation in the industrial, energy, and logistics sectors, and the strengthening of partnerships between private sector institutions on both sides. He affirmed his country's readiness to enhance industrial and investment cooperation with the Sultanate of Oman in this vital field to serve the mutual interests of both nations and support the objectives of joint Arab industrial development. Majid Al Zaini, Chairman of Zenox Global, stated that the cooperation agreement with the Oman Aluminium Rolling Company co mes within the framework of the incentive program for developing downstream aluminium industries. The project aims to establish an advanced aluminium services center with a target capacity of up to 50,000 tons annually, serving as an industrial and services platform that supports attracting targeted industries and fulfilling their requirements for various industrial products and services. Al Zaini noted that the project reflects the company's belief in the exceptional capabilities and ambitious developmental vision of the Sultanate of Oman, represented by Oman Vision 2040, which has successfully cultivated an advanced investment environment grounded in sustainability, partnership, industrial empowerment, and the enhancement of value added for national resources. For his part, Eng. Munther Saleh Al Rawahi, Director General of the "Ladayn" Program at OQ Group, explained that the forum comes within the Group's continuous efforts to promote economic diversification and attract qualitative investments. This alig ns with the goals of Oman Vision 2040 to support national industries that meet the needs of the local market, contribute to boosting exports, and generate value added for the national economy. He added that the signing of the new investment agreement between the Oman Aluminium Rolling Company, a subsidiary of OQ Group, and Zenox Global to establish the aluminium services center in the Sultanate of Oman involves an investment estimated at approximately USD 2.5 million. This step reflects the growing confidence in the investment environment provided by the Sultanate of Oman and the competitive advantages supporting the industrial sector. Al Rawahi pointed out that the Ladayn program has already achieved significant successes in the plastics industries sector, succeeding in attracting more than 30 industrial projects with investments exceeding USD 220 million. He revealed that the Group is currently working on expanding the scope of the program to include the downstream aluminium manufacturing sector. This exp ansion aims to empower the private sector and maximize the utilization of locally produced raw materials, thereby contributing to the development of industrial value chains, enhancing local content, and opening wider horizons for economic growth and sustainable industrial development in the Sultanate of Oman.