Oman's Sohar Freezone, Sohar Steel Rolling signs pact for steel rod unit

Image used for illustrative purpose. A worker cuts reinforcing bars in a steel factory in Ganyu county, Jiangsu province, February 27, 2013.
Reuters Images/China Daily

Plant to be built at a total investment of $18mln

Staff Writer, Zawya Projects

June 13, 2022

PHOTO
Image used for illustrative purpose. A worker cuts reinforcing bars in a steel factory in Ganyu county, Jiangsu province, February 27, 2013.

Sohar Port and Freezone announced on Monday that has inked an agreement with Sohar Steel Rolling to lease 40,000 square metres of land at the Freezone to the company for a steel rod manufacturing unit.
The seven million Omani riyal ($18 million) investment is poised to meet the huge demand for stainless steel manufacturing in the Sulatanate, the freezone announced via its twitter account.

(Writing by SA Kader; Editing by Anoop Menon)
(anoop.menon@lseg.com)

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