Oman has stepped up efforts to attract Indian investment into its downstream aluminium industry, positioning the sector as a key pillar of its industrial diversification strategy under Vision 2040.
At an investment promotion event hosted by the Embassy of the Sultanate of Oman in New Delhi, Omani officials and industry representatives highlighted opportunities across the aluminium value chain, including rolling, extrusion, fabrication, automotive components, packaging, and construction materials.
Speaking at the event, Tahra Al Zadjali, Minister Plenipotentiary and Deputy Head of Mission at the Omani Embassy, said the growing economic partnership between India and Oman and pointed to the country’s strategic location, established infrastructure, competitive energy costs, and investor-friendly policies as factors supporting industrial growth.
Representatives from Ladayn, Oman Aluminium Rolling Company, Madayn, and OQ highlighted the availability of primary aluminium, integrated port logistics, and investment incentives aimed at attracting foreign manufacturers. They emphasised that Oman is seeking long-term partnerships, joint ventures, and technology collaborations with Indian firms looking to expand globally.
Oman has been developing Sohar as a major aluminium production hub, with a focus on downstream value addition to improve export competitiveness and enhance access to markets in the Middle East, Africa, Europe, and the US.
The event also saw the signing of a memorandum of understanding between Multi Bond Metal LLC and Ladayn to establish an 8,000-ton coil coating and lamination line plant in Oman, with an investment of USD 4.5 million.
Both countries intend to deepen industrial cooperation and strengthen bilateral trade and investment ties.
India and Oman share longstanding economic ties, with bilateral trade crossing USD 12 billion in recent years. India is among Oman’s largest trading partners and a significant source of foreign investment, particularly in sectors such as energy, infrastructure, fertilisers, and manufacturing.
The aluminium sector has emerged as a focus area for cooperation as both countries seek resilient supply chains and diversified production bases. For Indian manufacturers, Oman offers proximity to key shipping routes and preferential access to markets across the Middle East, Africa, Europe, and the US through various trade arrangements. |
