Middle East Economic Survey

VOL. LIII

No 31

2-Aug-2010

OMAN

Omans First Ferrochrome Smelter To Be Completed By End-2011

An Omani/Indian joint venture is aiming to bring Omans first carbon ferrochrome smelter into production by the end of 2011. The 75,000 tons/year plant will be built at Sohar, and is expected to cost $70mn. Al Tamman Indisil Ferrochrome, a 50:50 joint venture between Al Tamman Trading Establishment, a wholly-owned subsidiary of Muscat Overseas Group, and Kerala-based Indsil Group,...