Decorative lines

Factory for the Production of Finished Fiberglass Products

Factory for the Production of Finished Fiberglass Products

This opportunity involves setting up a production facility for fish containers, fiberglass storage tanks, and boat equipment to support and meet the growing demands of the fisheries sector.

Location

Suhar Industrial City (Madayn)

Capital

3,200,000 OMR

Payback

4 Years

Duration

1.0 Years

Land Size

10,000 sqm

Source

The Ministry of Agricultural, Fisheries, and Water Resources

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Airport
Port
Free Zone
Industrial Estate

Sector's Highlights

Ranked Regionally
4 th
Competitive Industrial Performance by UNIDO

2024

Employment
250 K
with a 1.05% annual growth rate.

2023

GDP Contribution
10 %
Of Oman’s Total GDP

2024

Totaling
2.19 bn
Riyal Omani (RO)

2024

Sector's Incentives

Up to 10 years of corporate tax exemptions for manufacturing projects.

Long-term land leasing options at competitive rates to facilitate industrial growth.

Duty-free imports for machinery, raw materials, and equipment needed for manufacturing.

R&D Partnerships: 40% cost-sharing for Industry 4.0 pilot projects.

Export Acceleration: Customs exemptions for 71 countries across 15 trade agreements.

Tools to help you get started

Business Simulator

Sohar Industrial Estate serves as a key hub for Oman’s petrochemical and metals sectors, providing modern infrastructure and extensive government support.

License Simulator

Sohar Industrial Estate serves as a key hub for Oman’s petrochemical and metals sectors, providing modern infrastructure and extensive government support.

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