• October 29, 2019

SOHAR Signs Agreement for the Creation of a Quartz Manufacturing Plant

SOHAR Port and Freezone signed a Land Lease Agreement for the establishing a quartz manufacturing plant on October 24 with Madhav Surfaces LLC, a joint venture between Al Khanjar Commercial Agencies LLC, a subsidiary of Khimji Ramdas LLC, and Madhav Ashok Ventures Private Limited (MAVPL) based in India.

The agreement was signed between HE Dr Mohammed Nasser Al Zaabi, Chairman of the Board of SOHAR Port and Freezone and Nailesh Khimji, Chairman of the Board of Directors of Madhav Surfaces LLC, representing Al Khanjar Commercial Agencies LLC.

This project is a continuation of the efforts of SOHAR Freezone to achieve its objectives by attracting various value added projects that contribute in increasing the economic returns and diversifying technology to drive sustainable development in the Sultanate. The plant will see a total capital investment of over OMR 3.8 million (USD 10 million) and will take up an area of 20,000 m2 at SOHAR Freezone. The facility will be primarily used for the manufacturing of quartz slabs and other quartz products using chrome ore and calcined lime from the local market, to be exported to the USA and Europe, alongside the polishing of quartz slabs.

Nailesh Khimji commented, “This agreement marks a new step in the success journey of our investments in the Sultanate, which enjoys a reputation as a stable country for potential projects and investments. The introduction of the new quartz plant will contribute towards the efforts of promoting the export of high-quality Omani products into international markets.”

For more information on SOHAR Port and Freezone, visit soharportandfreezone.com