Paper Insulated Copper Conductors (PICC)
Paper Insulated Copper Conductors (PICC)
Set up a manufacturing facility for paper-covered copper conductors (PICC). Voltamp currently imports 100% of its PICC requirements. This component is also required by 4–5 transformer manufacturers in Oman and represents a high-value share—approximately 30%—of raw materials used in transformer production. The company will secure off-take agreements and pre-purchase contracts to ensure demand commitment and enhance commercial viability.
Location
sohar industrial area
Capital
3,000,000 OMR
Payback
6 Years
Duration
1.0 Years
Land Size
8,000 sqm
Source
Voltamp
Sector's Highlights
2024
2023
2024
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.
