India’s JSW Group and Oman Signs Agreements for South Minerals Project

Minerals Development Oman (MDO) announced the signing of shareholder agreements with JSW Group, India making it a key partner in South Minerals Project — one of the most promising projects in the industrial minerals sector.

The move reflects Oman’s vision to strengthen its presence on the global minerals trade map.

The project entails an RO 204 million investment to develop an integrated value chain for gypsum and limestone quarrying, and to construct a deepwater minerals berth in A’shuwaymiyyah, located in the Wilayat of Shaleem and the Hallaniyat Islands, with an annual handling capacity of 27 million tons. This project strengthens the integration of the Omani ports network and streamlines supply chains, making Omani exports more competitive in regional and international markets. By increasing efficiency and supporting economic diversification, the development directly aligns with the objectives of Oman Vision 2040.

The South Minerals Project spans three concession areas covering a total of 1,500 square kilometers. These areas contain confirmed deposits of gypsum and limestone, identified through intensive exploration activities conducted by MDO over the past few years. The quarries will have an annual production capacity of 30 million tonnes of gypsum and limestone. This enables increased exports of industrial minerals, supporting the Sultanate of Oman’s industrial base and generating additional revenue for Oman. The project will open new logistical and industrial routes, enhancing the competitiveness of country, particularly Dhofar Governorate. Overall, the project is expected to generate local employment opportunities, stimulate supporting industries, and foster sustainable economic growth in the region.

The project benefits from substantial mineral reserves and advanced infrastructure, enabling the establishment of downstream industries. It directly strengthens value-added supply chains, which support regional industrial growth and drive economic diversification, positioning the region for long-term prosperity.