Oman has made a significant advancement in expanding its renewable energy sector by finalizing a $565 million agreement to construct a cutting-edge solar manufacturing facility in SOHAR Freezone.
Announced at the Advantage Oman Forum in Muscat, the significant initiative, enabled by Invest Oman, subsequently emphasizing the Sultanate’s commitment to clean energy and industrial diversification pursuant to Oman Vision 2040.
The agreement was signed between JA Solar Energy - a leading manufacturer and supplier of high-efficiency solar cells and modules worldwide - and major Omani organizations including Invest Oman, SOHAR Port and Freezone, and Majis Industrial Services.
The facility is expected to be operational by 2025 and will be built on 32.8 hectares in the second phase of the SOHAR Freezone.
Ibtisam Al Farooji, Undersecretary of the Ministry of Commerce, Industry, and Investment Promotion for Investment Promotion, stated, “As the government’s dedicated gateway for investment promotion, Invest Oman played a pivotal role in realising this project. The plant’s advanced technology and large-scale production will significantly boost the country’s renewable energy potential and contribute to global sustainability efforts.”
Victor Yang, President of JA Solar’s Investment and Financing Center, said the plant would strengthen the regional and global solar supply chain. “Our facility marks a significant advancement in the solar PV supply chain. The strategic location within SOHAR Freezone offers essential logistics and positions us in a rapidly growing renewable energy hub. By utilising cutting-edge technologies, we aim to produce high-quality, affordable solar cells and panels that enhance accessibility and attract global investment, while expanding our presence in key markets,” he said.
The solar manufacturing initiative is set to significantly impact Oman’s shift to clean energy, promoting industrial diversification and strengthening the Sultanate’s position as a regional leader in renewable technologies.