MUSCAT: The Sultanate of Oman will invest about RO 15 million in local manufacturing of electrical transformer components under 10 agreements aimed at strengthening domestic supply chains and reducing reliance on imports.
The projects, facilitated by the Ministry of Commerce, Industry and Investment Promotion through Invest Oman, will establish seven factories and add production lines to existing manufacturing facilities.
The investments will be located in Khazaen Economic City, industrial estates operated by the Public Establishment for Industrial Estates, Madayn, and SOHAR Free Zone.
The programme is being developed by Invest Oman, Voltamp Energy and other public and private-sector entities to convert identified industrial requirements into investment opportunities for local and international investors.
The 10 agreements were signed on August 12, 2026, under Voltamp Energy’s “Wattanha — From Vision to Partnerships” initiative, which was launched in cooperation with the Authority for Public Services Regulation (APSR).
The investment opportunities were offered to the private sector through the Invest Oman platform after being identified on the basis of Voltamp Energy’s supply-chain requirements.
They are supported by advance purchase contracts, providing investors with clearer demand for the components and helping to improve the commercial viability and growth prospects of the manufacturing projects.
The programme covers the production of 10 key transformer components. Eight will be manufactured at new facilities, while two will be produced through additional lines installed at existing plants.
The projects will occupy a combined area of about 34,000 square metres, with commercial production expected to begin between 2027 and 2028.
Four agreements were signed with Omani small and medium-sized enterprises, while six involve local and international companies.
Officials said the initiative would increase the participation of Omani companies in energy-sector value chains, expand the domestic supplier base and bring specialised industrial technologies and expertise into the country.
Invest Oman works to move projects from the promotion and investor-attraction stages into localisation and implementation. This includes identifying opportunities in priority sectors, connecting project owners with potential investors and government agencies, and monitoring their progress towards commercial production.
Lamya bint Sultan al Habsi, Assistant Director-General of Investment Promotion at the ministry, said linking opportunities to confirmed industrial requirements would make manufacturing investments in the Sultanate of Oman more attractive.
The approach allows private companies to enter partnerships supported by identifiable demand, helping generate added value for the national economy, she said.
Al Habsi said Invest Oman was focused on presenting high-quality opportunities aligned with priority sectors and supporting their transformation into sustainable projects.
The programme would increase local content, develop national supply chains and expand the country’s manufacturing base, she added.
Al Habsi said demand-led localisation began with identifying industrial requirements and converting them into clearly defined investment opportunities. Investors and relevant institutions were then brought together to establish the partnerships required to build factories and production lines.
Mohammed Ajmal Pasha, Chief Executive Officer of Voltamp Energy Group, said the agreements reflected the company’s commitment to creating a more integrated industrial ecosystem and converting part of its supply-chain demand into domestic production.
He said the programme was supported by Invest in Oman, Oman Investment Authority, Oman Electricity Transmission Company, Nama Group, Hydrom, APSR, Madayn and other relevant organisations.
Their combined efforts had helped create a favourable environment for industrial investment, increase local content and strengthen supply chains linked to the energy sector, Pasha added.
The projects are expected to support the transfer of knowledge and technology, develop national industrial and technical capabilities and create employment opportunities.
They are also intended to broaden the local supplier base, reduce dependence on imported transformer components, increase In-Country Value and improve the competitiveness of Oman’s industrial sector. — ONA
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