Manufacturing - SME -Steel Wire Drawing Unit

An opportunity in a new manufacturing unit to produce wire drawings which is a metal working process used to reduce the cross-section of a wire by pulling the wire through a single, or series of, drawing die.

Location

N/A

Capital

87,000 OMR

Payback

6 Years

Duration

0.0 Years

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Airport

Port

Free Zone

Industrial Estate

Sector's Highlights

GDP Contribution

10 %

Of Oman’s total GDP

2025

Sector Employment

250 K

Jobs with 1 % y-o-y growth

2024

Sector EmploymentS

300 $

2030

Sector's Incentives

Up to 10 years of corporate tax exemptions for manufacturing projects.

Long-term land leasing options at competitive rates to facilitate industrial growth.

Duty-free imports for machinery, raw materials, and equipment needed for manufacturing.

R&D Partnerships: 40% cost-sharing for Industry 4.0 pilot projects.

Export Acceleration: Customs exemptions for 71 countries across 15 trade agreements.

Tools to help you get started

Business Simulator

Sohar Industrial Estate serves as a key hub for Oman’s petrochemical and metals sectors, providing modern infrastructure and extensive government support.

License Simulator

Sohar Industrial Estate serves as a key hub for Oman’s petrochemical and metals sectors, providing modern infrastructure and extensive government support.

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