A global player in electric vehicles (EVs) and energy storage is making a significant entry into Oman with a $150 million investment in manufacturing and technological innovation. In an exclusive interview with the Observer, Simardeep Chhabra, Director and CEO of ELB&T, outlined the company’s plans to establish a state-of-the-art EV and battery production hub in the Special Economic Zone at Duqm (SEZAD).
ELB&T plans to set up a manufacturing facility in Duqm dedicated to EV production, Lithium Iron Phosphate (LiFePO4) battery assembly, and Energy Storage Systems (ESS). The EV plant is expected to produce 30,000 vehicles annually, while the battery facility will manufacture up to 1.4 million cells per year. The ESS plant will generate between 1,200 MW and 1,400 MW in energy storage capacity.
LEVERAGING DUQM’S ECONOMIC ZONE
SEZAD will serve as ELB&T’s regional base, providing logistical and regulatory advantages. “Duqm offers world-class port facilities and economic incentives that will allow us to streamline exports and establish strong trade links across the Gulf, South Asia, and East Africa,” Chhabra noted. The zone’s tax exemptions and infrastructure support will further enhance ELB&T’s operational efficiency and long-term business viability.
With Duqm’s growing reputation as an industrial and logistics hub, ELB&T’s presence is expected to attract additional investment in related industries, including battery recycling, charging infrastructure, and smart mobility solutions.
omansustainabilityweek
Oman-Kuwait JV to open $9bn Duqm crude oil refinery
The $9 billion OQ8 crude oil refinery, which has a daily capacity of 230,000 barrels, will be inaugurated on Wednesday.
The refinery has been developed by Duqm Refinery and Petrochemical Industries, a joint venture between Oman’s OQ Group and state-run Kuwait Petroleum International. Also, the oil storage facility at Ras Markaz, with a capacity of 25 million barrels, is poised to become the largest oil storage site in the Middle East and among the largest in the world.
agbi,com
With an area of 2,000 km2 and a coastline of 80 km, Special Economic Zone at Duqm (SEZAD) is currently the largest special economic zone in the Middle Eastern and North African (MENA) region. It is a strategically located transshipment point for goods moving between Asia, Europe, and Africa and provides a crucial node in facilitating global trade and connectivity. The Sino-Oman (Duqm) Industrial Park is a major industrial park that is being developed within the SEZAD and is expected to attract investment of around US$10 billion.
https://duqm.gov.om/en