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Oman to establish $250 million Electric Vehicles and Battery Cells Plant in Duqm - SaudiGulf Projects
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Oman to establish $250 million Electric Vehicles and Battery Cells Plant in Duqm - SaudiGulf Projects
The Public Authority for Special Economic Zones and Free Zones (OPAZ), Oman signed an investment usufruct agreement with EL B&T, a Korean electric vehicle (EV) technology company, to establish a project for the production of electric vehicles and battery cells in the Special Economic Zone at Duqm (SEZAD). The project has an investment value of approximately RO 96.2 million ($250 million). The agreement was signed on behalf of OPAZ by Qais Mohamm…
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