Iran is set to construct a major factory for melting iron in Al Duqm, Oman, for which a major chunk of its proposed USD 4 billion in investments will be utilised.
The report said that other major investments in the Sultanate will be in the Al Wusta Governorate.
Mr Mohammad Reza Nematzadeh, Iranian Minister of Industry, Mines and Commerce, said that “We will be constructing a factory for melting iron as part of the 70% of the total investments to be made in Al Duqm.”
The report added that the smelter will be tasked with extracting metal by heating natural ore which is seen in Oman’s rocky mountains that is mixed with purifying and heat generating substances such as limestone and coke at high temperatures in an enclosed furnace.
Mr Nematzadeh said that Iranian companies will be co-operating with Oman Rail Company to build bogies and rails.
He said that “Our five companies specialised in railways and locomotives are present at the expo and will be working closely with the Oman Rail Company. However, the action plan for the next 5 years will be decided at the joint commission of Oman and Iran to be held at Grand Hyatt today.”
He added that “We will decide our plans for next five years at today’s meeting. We need sea transportation to improve our trade ties as the distance by sea is very less between Iran’s Bander Abbas Port and Oman’s Al Batinah and Khasab. We will also be looking at ship manufacturing.”
The exhibition, which will run till January 10, featuring more than 100 companies, covering diverse product segments ranging from handmade and machine-made products, home appliances, interior decoration and food products to medicinal, steel and metal, petrochemical products, power and industry-related equipment, construction materials, industrial machinery, and information communication technology.
Source – Oman Observer
Zhejiang Yaang Pipe Industry Co., Limited