Salalah Free Zone signs pact to establish hi-tech power unit worth OMR29 million

Muscat: Salalah Free Zone and Advanced Industries Inc. of the United States have signed an agreement worth OMR29 million to set up a unit for the production of photovoltaic solar panels.

The agreement provides for the establishment of a factory for the production of photovoltaic solar panels having a lumpsum capacity of 200 million watts per annum - each producing 390 watts of electricity - on a total area of 10,000 sqm.

The pact helps the refurbishment of investment in the solar energy sector, the diversification of industries at Salalah Free Zone and the empowerment of public-private partnerships. It comes as a boon to investors in renewable and sustainable energy.