Production of Polyester Fiber from PET Bottles
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Production of Polyester Fiber from PET Bottles
Polyethylene terephthalate bottle waste is abundant in the Sultanate of Oman, but there are no manufacturers producing fiber flakes, so it is exported to the international market.
Location
N/A
Capital
919,000 OMR
Payback
6 Years
Duration
1.6 Years
Sector's Highlights
2025
2024
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.