Oman is investing in a 6 GW solar cell and module factory as part of a $1.74 billion investment package across 105 strategic projects.
Oman is planning to build an integrated solar cell and module facility with an annual capacity of 6 GW.
The project is one of 105 announced by the country’s sovereign wealth fund, Future Fund Oman (FFO), earlier this week.
The total list of projects, which span the renewable energy, manufacturing, tourism, healthcare, medical technologies, innovation and food industries, have been given strategic importance as Oman looks to accelerate its economic diversification.
According to a statement released by the Oman Investment Authority (OIA), the 6 GW cell and module manufacturing facility will be located in the Sohar Freezone. It has been billed as “the first of its kind in the Middle East and a cornerstone of localizing the solar value chain.”
