Middle East Economic Survey


No 18



Oman Inaugurates Sohar Aluminum Plant

Omans $2.4bn Sohar Aluminum smelter was formally inaugurated on 29 April. The plant, which is one of Omans largest investments, is a joint venture owned 40% by Oman Oil Company (OOC), 40% by the Abu Dhabi Water and Electricity Authority and 20% by Rio Tinto Alcan. According to the Omani Minister of Commerce and OOC chairman Maqbul bin 'Ali Sultan, the project will create employment opportunities in the...