Glass Wool unit
Glass Wool unit
Mineral wool is a non-metallic, inorganic product manufactured from a carefully controlled mix of raw materials, mainly comprising either stone or silica which are heated to a high temperature until molten. The molten glass or stone is then spun and formed into a flexible, fibrous mat for further processing into finished products.
Location
Suhar Industrial City (Madayn)
Capital
7,161,000 OMR
Payback
7 Years
Duration
0.6 Years
Land Size
5,000 sqm
Source
Ministry of Commerce, industry and 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.
