- EL B&T plans a USD 250 million EV and battery manufacturing investment in Oman.
- The Duqm facility targets 60,000 vehicles and 1.6 million battery cells annually.
EL B&T, a Korean electric vehicle technology company, has signed an agreement with Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) to establish a major electric vehicle and battery cell manufacturing facility in the Duqm Special Economic Zone. The investment for the project is estimated at nearly USD 250 million and represents a significant step toward strengthening the regional electric mobility ecosystem. The planned facility is expected to support industrial development in the region while also expanding the company’s production capabilities for future international demand.
The manufacturing project will be developed in two separate phases, allowing gradual capacity expansion and operational scaling over time. By the completion of the second phase, annual production is projected to reach around 60,000 electric vehicles along with approximately 1.6 million battery cells. The company also plans to establish a broader ecosystem for battery-related components and supporting technologies within the industrial zone. This approach is expected to improve localized supply chain capabilities while enhancing manufacturing efficiency for electric mobility products.
During the initial phase, production will primarily focus on addressing domestic market demand within Oman. As operations expand, EL B&T intends to gradually target export opportunities across GCC countries as well as Middle Eastern and North African markets. The expansion strategy highlights the growing importance of the Duqm Special Economic Zone as a regional manufacturing and logistics hub for emerging clean mobility technologies. The project is also expected to contribute to industrial diversification efforts and support the broader transition toward sustainable transportation solutions.
Frequently Asked Questions
What is the investment value of EL B&T’s EV manufacturing project in Oman?
The investment value of the project is estimated at approximately USD 250 million. The agreement involves the establishment of an electric vehicle and battery cell manufacturing facility in the Duqm Special Economic Zone of Oman. The project will be developed in two phases and aims to strengthen electric mobility manufacturing capabilities in the region. Along with vehicle production, the company also plans to create an ecosystem for batteries and related components to support long-term industrial growth and regional market expansion.
What production capacity will the EL B&T Oman facility achieve?
Once both development phases are completed, the manufacturing facility is expected to produce around 60,000 electric vehicles annually along with nearly 1.6 million battery cells each year. The project is designed to initially serve domestic demand in Oman before gradually expanding into GCC, Middle Eastern, and North African markets. The facility is expected to play an important role in supporting regional electric mobility adoption while also strengthening localized battery and component manufacturing capabilities.
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