Oman is forging a powerful new industrial partnership with China, aiming to become a global hub for green industries and significantly diversify its economy. A recent visit by Dr. Saleh Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, to the facilities of Tsingshan Holding Group in China marks a crucial step in implementing the ambitious “Industrial Strategy 2040” and establishing a groundbreaking green steel industry within the Sultanate. This collaboration isn’t just about manufacturing; it’s about securing a sustainable future powered by renewable energy and advanced technology.
Strengthening Oman’s Industrial Future with Tsingshan Holding Group
The visit to Tsingshan Holding Group, a Fortune Global 500 company renowned for its expertise in stainless steel and renewable energy materials, served to activate a cooperation program initially signed in October 2025. This program focuses on accelerating the development of an integrated system for green steel production and related downstream industries in Oman. The goal is ambitious: to position Oman as a leading global industrial center, attracting investment and fostering innovation.
Dr. Masan’s tour wasn’t limited to steel production. He also explored Tsingshan’s cutting-edge lithium battery production and energy storage system complexes. This provided valuable insight into the latest smart production lines utilized to supply the global market with renewable energy solutions. This exposure is vital as Oman looks to localize its clean energy supply chains.
The Role of Battery Technology and Green Hydrogen
Battery technology is a fundamental pillar supporting Oman’s green hydrogen projects. A robust domestic battery industry will ensure the sustainability of the electrical grid and is essential for the burgeoning electric vehicle industry, a key target of the Industrial Strategy 2040. The integration of these technologies is a core component of Oman’s vision for a diversified and sustainable economy.
The Undersecretary and his delegation engaged in detailed discussions with Tsingshan’s Chairman and senior executives, focusing on the master plan for establishing a large-scale “Integrated Industrial City” in Oman. These discussions centered on streamlining processes to ensure the efficient flow of finished products – steel and batteries – to global markets with a competitive edge.
Accelerating the Integrated Industrial City Project
Abdulaziz Ahmed Al Qasimi, Head of the Capital-Intensive Industries Section at the Ministry of Commerce, Industry and Investment Promotion, highlighted the strategic importance of this partnership. He emphasized that the integrated industrial city project represents a cornerstone in the Ministry’s efforts to embrace modern and pioneering technologies, as mandated by the Industrial Strategy 2040.
This project specifically targets the transfer and localization of advanced technology in two crucial sectors: green steel production and energy storage. The visit to the battery factories underscored the Ministry’s vision of merging Oman’s competitive advantage in green hydrogen production with the advancements of the Fourth Industrial Revolution.
Building a Sustainable Industrial Ecosystem
The Ministry’s overarching goal extends beyond simply establishing industries. It aims to build a comprehensive industrial ecosystem that provides quality employment opportunities for Omani citizens and significantly increases the sector’s contribution to the Gross Domestic Product. Crucially, this development will be undertaken with a firm commitment to carbon neutrality, aligning with Oman Vision 2040’s environmental sustainability goals. This focus on sustainability is a key differentiator for Oman in attracting foreign investment.
Tsingshan’s Investment: A Vote of Confidence in Oman
Tsingshan Holding Group’s decision to invest in Oman is a significant endorsement of the Sultanate’s potential as a regional platform for green industries. The company’s advanced patents in carbon footprint reduction align perfectly with Oman’s commitment to environmental sustainability and balanced economic growth. This collaboration demonstrates Oman’s proactive approach to attracting investment in future-focused industries.
The development of a sustainable manufacturing sector is paramount to Oman’s long-term economic success. The partnership with Tsingshan isn’t just about building factories; it’s about building a future where Oman is a leader in green technology and a key player in the global energy transition. Furthermore, the focus on advanced materials and energy storage positions Oman to capitalize on the growing demand for electric vehicles and renewable energy solutions.
In conclusion, Dr. Masan’s visit to Tsingshan Holding Group represents a pivotal moment in Oman’s industrial transformation. By embracing innovation, prioritizing sustainability, and fostering strategic partnerships, Oman is well-positioned to achieve the ambitious goals outlined in its Industrial Strategy 2040 and establish itself as a leading global industrial hub. To learn more about Oman’s Industrial Strategy 2040 and investment opportunities, visit the Ministry of Commerce, Industry and Investment Promotion’s website.
