The Public Authority for Special Economic Zones and Free Zones (OPAZ), Oman together with the Salalah Free Zone, celebrated the signing of an agreement for an advanced battery chemical materials project to be implemented by GFCL EV (SFZ) LLC, a subsidiary of the global InoxGFL Group.
The investment of this project values over RO 188 million and will be implemented in phases over four to six years. The first phase alone is valued over RO 73 million.
Covering an area of approximately 370,000 square metres, the project will focus on producing lithium iron phosphate (LFP CAM), ammonium phosphate, iron salts, and carbon materials used in battery applications for electric vehicles, energy storage, and modern electronic technologies. The facility is expected to support production of up to 100 gigawatt-hours of batteries in stages, serving both the electric vehicle industry and energy storage solutions.
The project seeks to establish a local base for lithium battery materials production, opening wide opportunities for investment across the battery value chain. It will also create direct and indirect jobs and help develop the skills of Omani youth in this vital sector.
OPAZ, in cooperation with the National Negotiation Team, has worked to link the project with essential service incentives to achieve sustainable local value through economic diversification, industrial innovation, technology transfer and building a strong national supply chain that empowers Omani talent.
In line with its commitment to community development, GFCL aims to build strategic partnerships with SMEs through a comprehensive corporate social responsibility programme designed to make a tangible impact on the local community and foster the growth of local businesses, statement said.
