Oman Shows Strength in Chemical Industry Development

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Researched by Industrial Info Resources (Sugar Land, Texas)--Oman has become one of the top choices for investors in the Middle East region and continues to pursue economic diversification by making huge investments in the Chemical Industry to manufacture new and diversified products and significantly enhance and develop the national economy. Oman is set to kick off chemical projects worth US$83.7 billion, including grassroot projects, unit additions and expansions over the next three years. Major investors include BP (NYSE:BP) (London, England) (US$3.9 billion) and OQ (Muscat, Oman) (US$14 billion).

Industrial Info is tracking 123 active chemical projects across Oman that are expected to kick off over the next three years. Most of these projects are grassroot green hydrogen and green ammonia projects, along with their accompanying renewable energy components.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can learn more by viewing the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).