Saturday 30 / May / 2026
Muscat: The Sultanate of Oman is hosting a strategic project for the production of anode materials used in lithium-ion batteries, marking a significant step that reflects the country’s growing position as a regional hub for clean energy industries and future technologies, while reinforcing its presence within global supply chains serving the new energy sector.
Zhongke Electric, through its subsidiary Zhongke Shinzoom (Hong Kong), announced the groundbreaking and commencement of construction works for the project, which is considered one of the company’s largest overseas production bases for lithium-ion battery anode materials. The project forms part of the company’s global expansion strategy aimed at strengthening its ability to meet the growing demand across international markets.
The project reflects the integrated efforts between Invest Oman, Sohar Free Zone, Special Economic Zone at Duqm, alongside the investing company, in transforming this strategic investment into a tangible project on the ground in the Sultanate of Oman.
The project also highlights the readiness of Oman’s investment environment to attract advanced industries and major international projects through its strategic location, advanced industrial and logistics infrastructure, investment incentives, and the strong integration between government entities and economic and free zones.
Ibtisam bint Ahmed Al Farooji, Undersecretary for Investment Promotion at the Ministry of Commerce, Industry and Investment Promotion, stated that the project represents a qualitative addition to Oman’s advanced industrial sector and reflects the growing confidence global companies place in the Sultanate’s business and investment environment.
Her Excellency added that this investment aligns with Oman’s economic diversification objectives and supports the development of industries associated with modern technologies and clean energy. She noted that Invest Oman continues its efforts to attract high-value investments by providing investment enablers and incentives, facilitating procedures, and strengthening partnerships with international investors, contributing to the localization of advanced industries and the creation of sustainable economic opportunities.
The project includes the establishment of a production plant for lithium-ion battery anode materials with a planned annual production capacity of up to 200,000 tonnes. The total investment value is estimated at approximately USD 1 billion, with implementation planned across three phases in line with the growing global demand for battery materials and supporting the rapid expansion of clean energy industries and future technologies.
The company affirmed that its decision to establish the project in the Sultanate of Oman was driven by the country’s competitive economic and trade environment, strategic location connecting global markets, as well as its industrial and logistics capabilities that support the growth of industries related to renewable energy and advanced technologies.
The project represents an important step toward strengthening Oman’s position within global battery value chains and opens broader prospects for attracting further high-value industrial investments in future-focused sectors.
