Oranss Technology Company and Mobel Polymers signed an agreement to establish a polymer products manufacturing factory in Samail Industrial City, with an investment value of USD 7 million for its initial phase.
The signing ceremony was held on the sidelines of the two companies’ participation at the ongoing Home and Building Expo at Oman Convention and Exhibition Centre (OCEC).
The agreement was signed by Sharifa Al Nu’amani, Chairperson of Oranss Technology Board of Directors, and Dr. Hany Makary, Chairman of Mobel Polymers Board of Directors.
Commenting on the agreement, Al Nu’amani pointed out that the factory’s output will serve as a pivotal source of raw materials for various manufacturing sectors within the Sultanate of Oman, which were previously reliant on imports, thereby catalysing the growth of Omani industries.
Source: Oman News Agency
