Tires Manufacturing Plant

Sector

Manufacturing

Location

Suhar Industrial City (Madayn)

Capital Investment

6,545,000 OMR

Internal Rate of Return

16.0%

Payback Period

6 Years

Implementation Duration

1.0 Years

Source

Projects, Tenders and Local Content Authority

Land Size

5,000 sqm

Description

This project presents a strategic investment opportunity to establish a specialized factory for the production of a wide range of high quality tires, including those for cars, trucks, buses, and motorcycles, to meet the growing local and regional demand for reliable and high-performance tires. The project will directly contribute to import substitution, enhance supply chain resilience, and support the automotive and transportation sectors in Oman. It also opens broad opportunities for exports, industrial partnerships, and advanced technology transfer, positioning the Sultanate as a regional hub in this vital industry. To ensure stable returns, a percentage of pre-purchase contracts will be secured with investors who meet the required standards, guaranteeing demand and further strengthening the project’s financial viability.