The Sultanate of Oman is hosting a strategic project for the production of anode materials used in lithium-ion batteries. This reflects Oman’s growing position as a regional hub for clean energy industries and future technologies, while strengthening its presence in global supply chains for the new energy sector.

Zhongke Electric, through its subsidiary Zhongke Xingcheng (Hong Kong), announced the commencement of construction works for the project in Sohar Free Zone. The facility will be one of the company’s largest overseas production bases for lithium- ion battery anode materials and forms part of its global expansion strategy to meet growing demand in international markets.

The project reflects the integrated efforts of Invest Oman, Sohar Free Zone, the Special Economic Zone at Duqm and the investing company. It also demonstrates the readiness of Oman’s investment environment to attract advanced industries and major global projects through its strategic location, advanced logistics and industrial infrastructure and investment incentives.

Ibtisam bint Ahmed Al Farooji, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Investment Promotion, said that the project represents a significant addition to Oman’s advanced manufacturing sector and reflects the growing confidence that global companies place in Oman’s business and investment environment.

Undersecretary Al Farooji also said that this investment aligns with Oman’s economic diversification objectives and its efforts to strengthen industries linked to advanced technologies and clean energy. She noted that Invest Oman continues its efforts to attract high value-added investments, provide investment incentives and enablers, facilitate procedures and strengthen partnerships with global investors, contributing to the localisation of advanced industries and the creation of sustainable economic opportunities.

The project includes the construction of a plant to produce anode materials used in lithium-ion batteries, with an annual production capacity of up to 200,000 tonnes. The total investment value is approximately USD 1 billion. The project will be implemented in three phases to meet growing global demand for battery materials and support the rapid expansion of clean energy industries and future technologies.

Zhongke Electric confirmed that its decision to select the Sultanate of Oman was based on the country’s competitive economic and business environment, strategic location connecting global markets, and strong industrial and logistics capabilities that support the growth of industries related to renewable energy and advanced technologies.

The project represents an important step in strengthening Oman’s position within the global battery value chain and opens broader opportunities to attract further high-quality industrial investments in future-focused sectors.