Pact signed for establishing $216m rubber powder production plant in Oman

WCN Editorial Team 28 Jun 2022 MIDDLE EAST BUSINESS

Sur Industrial City has signed an investment contract with Al Fairuz Projects and Investments, for setting up a rubber powder production plant in Oman, reported TradeArabia.

The plant will be built with an investment $216m.

Sur Industrial City director general Abdulqadir bin Salim Al Balushi said that this will be an eco-friendly plant built on an area of 230,000m2.

It will feature advanced tyre recycling technologies, reported Times of Oman.

Al Balushi added: “The tyre recycling project is expected to generate 212 job opportunities, of which 75% will be for Omanis.”

The rubber powder production plant is expected to be beneficial for the manufacturing facilities that use biofuel and carbon.

Biofuel and carbon will be extracted be leveraging advanced and environmentally friendly technology instead of harmful tyre burning.

The phase of project establishment is expected to begin in Q4 of 2022.

Construction is expected to begin in first half of 2023. It is likely to take about two years to complete.

Sur Industrial City is affiliated to the Public Establishment for Industrial Estates (Madayn).

In January this year, Madayn signed an agreement with Bisham Real Estate Company for the development of an integrated township for workforce in Sur Industrial City at cost of $41.5m, reported Zawya.

This township project will be developed on a more than 180,000m2 area.

It will feature a variety of accommodation options besides providing other services such as gyms and a shopping centre.

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Image: The plant will be built with an investment $216m. Credit: Pexels from Pixabay. 

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