In a significant stride towards Oman's industrial growth and diversification, SOHAR Port and Freezone has broken ground on the world's second-largest polymer manufacturing plant. The project, undertaken by Universal Fine Chemicals SPC, marks a substantial investment of $300 million and is set to occupy a sprawling 240,000 square meters within the port.

The state-of-the-art facility, scheduled to commence operations in the first quarter of 2026, will specialize in the production of polyacrylamide and related monomers. These vital chemicals find applications in diverse industries, including energy, agriculture, wastewater management, and paper production. By addressing critical global challenges in energy production and water management, this project not only bolsters Oman's industrial landscape but also contributes to sustainable solutions on a global scale.

Under the patronage of Sultan bin Salim Al-Habsi, Minister of Finance, and the presence of His Highness Sayyid Faisal bin Turki Al-Said, Chairman of Universal Fine Chemicals SPC, the groundbreaking ceremony was attended by a distinguished gathering of officials. This milestone event underscores Oman's commitment to innovation, sustainable development, and its strategic positioning on the global industrial map.

Emile Hoogsteden, CEO of SOHAR Port, expressed his enthusiasm for the project, stating, "This collaboration is a testament to our commitment to innovation-led growth and market expansion. By attracting substantial foreign direct investment from Singapore and China, we are solidifying SOHAR Port's position as a premier investment destination. This strategic partnership will not only drive economic growth but also create valuable job opportunities for the people of Oman."

Echo Liu, CEO of Universal Fine Chemicals SPC, echoed the sentiment, emphasizing the project's potential to unlock new markets and stimulate economic growth. "By leveraging SOHAR's strategic geographic location and robust logistics infrastructure, we aim to establish a strong global footprint for our products. This initiative will not only benefit Oman but also contribute to the global supply chain of essential chemicals."

The polymers produced in the plant in SOHAR Port will cater to a wide range of industries, including energy, agriculture, and water treatment, positioning Oman as a global player in the chemical industry. It will leverage cutting-edge technologies to ensure efficient and sustainable production processes. Additionally, the project is expected to create numerous job opportunities, both directly and indirectly, boosting local employment and contributing to Oman's economic growth.

By focusing on innovation, sustainability, and market expansion, this groundbreaking project is set to reshape Oman's industrial landscape and solidify its position as a global hub for chemical manufacturing.