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English news

17-Apr-2016

Sohar freezone signs agreement for USD46m copper tube mill

Four business houses are forming a joint venture to build a major copper tube mill with an investment of USD46 million in Sohar free zone. The promoters have signed a land lease agreement with Sohar port and free zone for using 35,000 square metres of land. Construction will commence later this year and the plant is due for start-up by mid-2018, with full production scheduled by October 2018 - with a capacity of 15,000 metric tonnes of high technology copper tubing per annum. (Times of Oman)

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