Suhar Industrial City has signed an investment deal with Keryas Paper Industry. The deal provides Keryas with land in Phase Seven of Suhar Industrial City to establish a paper recycling facility. The recycling project is expected to be the largest of its kind in the Sultanate.
The agreement was signed by Eng Abdullah bin Salim Al Kaabi, director general of Suhar Industrial City, and Abdullah bin Omar Al Hosni, CEO of Keryas Paper Industry.
The project is expected to occupy some 58,000sqm and will be developed at a cost of $40m. It is expected to use the latest technologies and, once complete, is expected to have a production capacity of up to 600 tonnes per day.
Construction work is expected to begin in December 2019 and pilot production is expected to begin in the last quarter of 2020, through what is billed as one of the most advanced paper production lines in the region.
The project aims to add value to Oman’s economy through providing more than 200 direct job opportunities, in addition to indirect opportunities and training opportunities, the statement said.