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Two phase development targets significant output for the regional automotive sector
The Public Authority for Special Economic Zones and Free Zones of Oman, also known as OPAZ, has formalized an investment usufruct agreement with the Korean electric vehicle technology firm EL B&T. This strategic collaboration is aimed at launching a comprehensive project dedicated to the manufacture of electric vehicles and battery cells within the Special Economic Zone at Duqm. The total investment value for this industrial venture is estimated at OMR96.2…