Extruded Polystyrene Sheets Plant

This opportunity is a new plant for Extruded polystyrene (XPS) is a type of insulation material with fine, closed cells, containing a mixture of air and refrigerant gas. Popularly known by its Dow trademark Styrofoam, it has a high R-value, good moisture resistance, and high structural strength compared to other rigid insulation materials. Both extruded polystyrene and the other common type of polystyrene foam, expanded polystyrene (EPS), are used extensively as thermal insulation in industrial, commercial, and residential construction.

Location

Madayn_ Suhar Industrial City

Capital

2,527,000 OMR

Payback

6 Years

Duration

1.3 Years

Land Size

15,000 Sqm

Source

Ministry of Commerce, industry and Investment Promotion

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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.