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Korean EV and Battery Plant in SEZAD

Sector: Energy Storage • Location: Duqm, Oman

Source: OMANET

Project
Planned

The Public Authority for Special Economic Zones and Free Zones (OPAZ) signed an investment usufruct agreement with South Korea's EL B&T to establish an electric vehicle and battery cell manufacturing facility in the Special Economic Zone at Duqm (SEZAD). The project will be executed in two phases and is expected to produce up to 60,000 electric vehicles and 1.6 million battery cells annually upon

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The project “Korean EV and Battery Plant in SEZAD” is an infrastructure initiative in the Energy Storage sector, located in Duqm, Oman. Taiyo aggregates data on it from OMANET.

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Participants

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planned

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Description

Description

The Public Authority for Special Economic Zones and Free Zones (OPAZ) signed an investment usufruct agreement with South Korea's EL B&T to establish an electric vehicle and battery cell manufacturing facility in the Special Economic Zone at Duqm (SEZAD). The project will be executed in two phases and is expected to produce up to 60,000 electric vehicles and 1.6 million battery cells annually upon completion of the second phase. The first phase will cover approximately 467,000 square meters with an additional 429,000 square meters planned for the second phase. EL B&T plans to commence commercial operations by March 2028 and will utilize green energy extensively throughout the production process.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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