Muscat: Minerals Development Oman (MDO) has announced the signing of shareholder agreements with JSW Group, designating it as a key partner in the South Minerals Project, a significant initiative in the industrial minerals sector. This collaboration aligns with Oman’s strategy to bolster its position in the global minerals trade.
According to Oman News Agency, the project involves an investment of RO 204 million to develop a comprehensive value chain for gypsum and limestone quarrying. It also includes the construction of a deepwater minerals berth in A’shuwaymiyyah, located in the Wilayat of Shaleem and the Hallaniyat Islands, with a planned annual handling capacity of 27 million tons. This endeavor is expected to enhance the integration of Oman’s port network, streamline supply chains, and increase the competitiveness of Omani exports in both regional and international markets. The project directly supports Oman Vision 2040 by enhancing efficiency and promoting economic diversification.
Spanning three concession areas over 1,500 square kilometers, the South Minerals Project encompasses confirmed deposits of gypsum and limestone, identified through extensive exploration by MDO. The quarries are projected to have an annual production capacity of 30 million tonnes, facilitating increased exports of industrial minerals. This development will support Oman’s industrial base and generate additional revenue, opening new logistical and industrial opportunities and boosting the competitiveness of the Dhofar Governorate. The project is also poised to create local employment, stimulate supporting industries, and contribute to sustainable economic growth in the region.
The significant mineral reserves and advanced infrastructure associated with the project will enable the establishment of downstream industries, directly enhancing value-added supply chains. This supports regional industrial growth, fosters economic diversification, and positions the region for long-term prosperity.
Abdulsalam bin Mohammed Al Murshidi, CEO of Oman Investment Authority, stated that the South Minerals Project exemplifies Oman’s investment-driven strategy, which aims to accelerate growth in the mining sector and attract foreign capital. This strategy enhances the mining industry and contributes to Oman’s broader economic diversification goals.
Eng. Mattar Salim Al Badi, CEO of Minerals Development Oman, remarked that the South Minerals Project is pivotal in developing the mining industry and enhancing national logistics capabilities. The project is designed to generate economic value and boost the competitiveness of Omani exports, aligning with national plans to improve shipping efficiency and upgrade infrastructure.
Rinkesh Roy, CEO of JSW Infrastructure, expressed satisfaction with the strategic partnership with Minerals Development Oman, citing Oman’s stable regulatory framework and robust investor support. He emphasized that the association with MDO reflects JSW’s commitment to developing world-class maritime infrastructure that delivers long-term value for all stakeholders.