Bitumen (Water Proofing Membrane) Plant
Bitumen (Water Proofing Membrane) Plant
This opportunity is a new Plant for Asphalt, the most common variety of bitumen, which the project will manufacture and it’s known to use in waterproofing and adhesive properties, the construction industry, but notably for roads and highways.
Location
Suhar Industrial City (Madayn)
Capital
1,200,000 OMR
Payback
6 Years
Duration
1.0 Years
Land Size
1000 Sqm
Source
Ministry of Commerce, Industry & Investment Promotion
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.
