Oman has a wealth of natural resources, being a large supplier of oil and gas, as well as a wide variety of non-fuel minerals, such as manganese, chromite, copper, silica, marble, attapulgite, dolomite, gypsum and limestone. Many of these materials are used in large quantities, particularly in the developing economies of the east.
These natural resources can be leveraged for several purposes. For example, available Caustic Soda, Chlorine, Ethylene, Propylene and Methanol can produce major end use derivatives such as PVC, LDPE, LLDPE, HDPE, Polyester, PET and Adhesives.
Additional opportunities may rise from petrochemical development in Oman by taking advantage of the presence of Propylene, Butadiene, Benzene and Xylenes (which can produce Acrylic Fibers, ABS, Paint and Coatings, Polypropylene, Polyurethane, Rubbers, Nylon and Polycarbonates). Selected metals and niche applications such as iron, zinc and steel casting for example will be possible in the Free Zone.
The chemical and material processing facilities allow foreign investors to establish standalone or joint venture operations to beneficiate resources, sourced locally or from Gulf markets and other markets for shipment to end-user markets across the globe.