The Sultanate of Oman has embraced a strategic project to produce anode materials used in lithium-ion batteries, in a move that reflects its growing position as a regional hub for industries related to clean energy and future technologies.
Zhongqi Electric Co., Ltd. announced through its subsidiary Zhongke Shinzum (Hong Kong) on laying the foundation stone and commencement of construction work for the project in the Sohar Free Zone, which is one of the The company's largest overseas production bases in the field of anode materials for lithium-ion batteries, within Its plans for global expansion and enhancing its ability to meet the growing demand in international markets.
The project embodies the complementarity of efforts between Invest in Oman and the region, Sohar Free Zone, Special Economic Zone at Duqm, along with the investing company, and reflects The readiness of the investment environment in the Sultanate of Oman to attract advanced industries and international projects through its strategic location, advanced logistical and industrial infrastructure, and investment incentives.
Ibtisam bint Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Promotion Investment, to Promote Investment on the basis that the project represents a qualitative addition to the advanced industries sector in the Sultanate of Oman, and reflects the growing confidence in the business and investment environment of international companies.
The project includes the establishment of a plant for the production of anode materials used in lithium batteries Ion has a production capacity of up to 200 thousand tons per year, while the total investment value is About one billion US dollars, and the project will be implemented in three phases, in line with the demand Growing global on battery materials and supports the rapid expansion of clean energy industries and future technologies.
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