Power Transformer Tank
Power Transformer Tank
Setting up a manufacturing facility for Tank fabrication unit to complement the localization plans for transformers. Voltamp currently imports around 95% of its transformer tanks into Oman, highlighting a strong opportunity for localizing this critical component. With 2–3 transformer manufacturers in the country relying on these materials, and tanks representing a significant share of total raw material costs, establishing local production could enhance supply chain efficiency, reduce costs, and strengthen in country value creation. The company will secure off-take agreements and pre-purchase contracts to ensure demand commitment and enhance commercial viability.
Location
sohar industrial area
Capital
4,000,000 OMR
Payback
6 Years
Duration
1.0 Years
Land Size
7000 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.
