Manufacturing - SME - Binding Wires Unit

Binding Wires is used for binding reinforcement in construction. Binding Wire is also called annealed wire. Binding wire is used for the purpose of tying applications in the field of construction

Location

N/A

Capital

174,000 OMR

Payback

6 Years

Duration

1.0 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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