EV Wiring and Battery Cell Manufacturing Project in Duqm

planned

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed an investment usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell manufacturing project in the Special Economic Zone at Duqm. The project will be developed in two phases and is expected to reach an annual production capacity of 60,000 vehicles and 1.6 million battery cells upon completion of phase II. The first phase covers about 467,000 square metres, with an additional 429,000 square metres allocated for the second phase. The project aims to support the development of an integrated industrial ecosystem for the electric vehicle sector in the zone and strengthen value chains linked to batteries and other components.