Special Transformer Panels

Setting up a manufacturing facility for Special Panels to complement the localization plans for transformers. Voltamp currently imports specialized control panels into Oman, creating a valuable opportunity for localization. With 2-3 transformer manufacturers in Oman requiring these components for production, there is strong potential for local suppliers and manufacturers to support the sector and reduce import dependency.. 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

0.8 Years

Land Size

10,000 sqm

Source

Voltamp

Download Document Obtain Further Information

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.