South Korea’s EL B&T to Build $250mn EV and Battery Hub in Duqm
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South Korea’s EL B&T to Build $250mn EV and Battery Hub in Duqm
Oman has signed a $250 million agreement with South Korean electric vehicle technology company EL B&T to establish an electric vehicle and battery cell manufacturing complex in the Special Economic Zone at Duqm, marking a major step in the Sultanate’s industrial diversification and clean mobility ambitions. The agreement was signed between Oman’s Public Authority for […] The post South Korea’s EL B&T to Build $250mn EV and Battery Hub in Duqm ap…
Agreement signed for Electric vehicle and battery manufacturing project in Duqm Special Economic Zone
The Public Authority for Special Economic Zones and Free Zones signed an investment agreement with the Korean electric vehicle technology company EL B&T establishing a project to produce electric vehicles and battery cells in the Duqm Special Economic Zone. The project has an investment cost of about OMR 96.2 million, equivalent to USD 250 million. The agreement was signed by Qais bin Mohammed Al Yousef, Chairman of the Public Authority for Spec…
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