AAG

aluminum rolling mill in sohar/ agreement.

by:AAG     2020-11-03
Muscat, April 16ONA)---
In front of the Doctor
Mohammed Hamad
Aluminium Mill Co. , Ltd. oil and gas minister Rumhi owned by Takamul investment
SAOC signed an agreement with Italian company FATAEPC to build an aluminum Mill in SoharIndustrial Estate at an estimated cost of $0. 385 billion.
The production capacity of aluminum rolling mill is more than 140,000 tons
Rolling aluminum plates for use.
It will take 31 months to build the project.
During the design phase, we considered all the environmental and safety requirements, including the selection of the latest technology when manufacturing flat aluminum rolled products.
At the signing ceremony of the agreement, agreements related to the project works were signed, including natural gas supply and land use rights agreements with public institutions of industrial real estate (PEIE)
, Construction of transmission lines for transmission of electricity with Larsen & Toubro, financing agreements with Oman National Bank and Dhofar bank to fund the project, and marketing agreements with Gulf Aluminum Mill for sale of products Bahrain.
In addition, during the ceremony, two other agreements were signed with Oman Power Transmission Corporation and Makan Power Corporation to supply power to approximately 35 MW to 132KV transmission lines.
It is worth mentioning that Takamul investment company
SAOC is involved in the development of value-added projects in the fields of petrochemicals, metals and mining.
Takamul Investment Limited
SAOC is 90% subsidiary of Oman petroleum and the remaining shares are owned by Abu Dhabi Hydro Authority and Al Maha strategic industries for Investments LLC.
CEO of Takamul investment company.
SAOC said the project has so far been considered the largest value-added project implemented by the company in the aluminum sector and will provide more than 270 direct jobs.
He also said the project will provide more investment opportunities.
The CEO of Aluminum Rolling Mill Co. , Ltd. said that the company is very concerned about Oman nationals and has initiated the selection and recruitment process and has developed training plans and pre-training
Qualified with the help of Sohar Aluminum.
There were doctors attending the ceremony.
Salim bin Nasser alisma eeli, chairman of the Public Authority for Investment Promotion and export development (PAIPED)
Deputy Minister of Oil and Gas, Hamis Ben Nasser Jashimi and a number of company reps operating in the Suhar industrial zone. ---
All rights reserved by Ends/KH/FS (C)2011.
Oman News Agency.
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