Oman signs USD 250 million EV and battery cell manufacturing deal with Korea’s EL B&T at Duqm SEZ, boosting green industries growth.
May 11, 2026. By EI News Network
Oman’s Public Authority for Special Economic Zones and Free Zones has signed an investment usufruct agreement with EL B&T to establish an electric vehicle and battery cell manufacturing project at the Special Economic Zone at Duqm, marking a major push towards green industrialisation in the Sultanate.
The project, valued at around RO96.2 million (USD 250 million),…
