Muscat: The board of directors of Takamul Investment Company has approved plans for the establishment of a unit for mixing industrial chemicals, on an area of 10,000 square meters within the Nizwa Industrial Estate.
The project will serve the Sultanate's oil and gas sector. The chemicals used in oil and gas production operations will be mixed at the unit. It will also help lower the country's dependence on imported products used for the same operations.
This project would be supported by the Oil and Gas Ministry as part of the government's industrial policy to allocate bigger roles to local companies.Hilal bin Ali Al Kharousi, Takamul's chief executive officer said that the project also fulfils the policy of Oman Oil Company (OOC) to increase domestic value in its products and support local companies.
He added that his company is trying to diversify its projects in different governorates.
Takamul Investment Company is a subsidiary of Oman Oil Company (OOC) and seeks to develop and invest in the industrial sector in the areas of chemicals, metals, mining and industrial services.