Suhar Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates (Madayn) has signed recently an investment pact with Keryas Paper Industry.
As per the deal, Keryas will be provided with a land in Phase Seven of Suhar Industrial City to establish paper recycling project, the largest of its kind in the sultanate, said a statement from Madayn.
The project will be the first kraft paper factory in Oman to enhance waste reduction strategy and support projects that contribute to reduction of environmental damage through recycling process, it added.
The project will come up on a 58,000-sq-m area at a total cost of up to $40 million, revealed Engineer Abdullah bin Salim Al Kaabi, the director general of Suhar Industrial City, after signing the deal with Abdullah bin Omar Al Hosni, CEO of Keryas Paper Industry.
With a production capacity of up to 600 tonnes per day, the project will use latest technologies that mitigate the environmental impacts, he stated.
According to him, the construction work will start next month and the pilot production is expected to begin in the last quarter of 2020 through one of the most advanced paper production lines in the region.
The project aims to add value to the national economy through providing more than 200 direct job opportunities, in addition to indirect opportunities and training opportunities, he added.-TradeArabia News Service