Oman Roundup: $1.6bln solar polysilicon project, Morocco's Autonomy Plan hailed, defence deal with Spain's INDRA
IFC to support USP's $1.6bln solar polysilicon project in Oman
The International Finance Corporation (IFC) has entered into a significant agreement to support United Solar Polysilicon (USP) in the establishment of a $1.6 billion polysilicon manufacturing plant in Sohar Port, Oman. This facility is set to have an impressive output capacity of 100,000 tonnes annually. According to Zawya, the project is in the installation phase, having recently secured a substantial investment of $156 million from Future Fund Oman in October 2024, shortly after the foundation stone was laid in March. In addition, the IFC has announced a sustainable loan of up to $120 million aimed at aiding Oman’s National Finance Company in financing sustainable projects across retail, SMEs, clean transport, renewable energy, and efficiency initiatives.
Oman to showcase cultural heritage through Manga at Expo 2025 Osaka
Oman is set to present its rich cultural heritage at Expo 2025 in Osaka with a unique manga magazine that tells a captivating story of historical significance, symbolising its role as a bridge between diverse civilizations. Muscat Daily reports that the initiative, spearheaded by the Ministry of Culture, Sports and Youth, features eight Omani artists who have created a graphic novel that follows the journey of a Japanese student exploring Oman's vibrant culture, historical landmarks, and unique traditions. Key locations such as the aflaj irrigation systems, forts, and the bustling Muttrah Souq are intricately woven into the narrative, aiming to engage younger audiences and promote cultural dialogue by merging traditional Omani heritage with contemporary artistic expressions.
Oman signs military systems deal with Spanish company 'INDRA'
Oman’s Ministry of Defence, represented by Secretary-General Dr. Mohammed bin Nasser Al-Zaabi, has formalised a partnership with the Spanish firm INDRA to procure specialized military systems and advanced technical equipment. This agreement was part of a broader official mission to Spain, during which the Omani delegation also visited UROVERSA to investigate cutting-edge military technologies, further enhancing Oman’s military capabilities and collaboration with international partners, reports Zawya.
Iran says next round of "indirect" talks with U.S. to move from Oman, format unchanged
On the diplomatic front, Iran has announced that the forthcoming round of “indirect” negotiations with the United States concerning its nuclear programme will take place outside of Oman, although the overall negotiation format and Oman’s mediation role will remain intact. Esmaeil Baghaei, the spokesman for the Iranian Foreign Ministry, indicated that the specific location holds less significance compared to the overarching framework of the discussions, with reports suggesting that Rome could serve as a potential venue, Xinhua reports. Furthermore, Baghaei reiterated Iran's stance against direct dialogue with Washington, underlining the effectiveness of indirect negotiations in reaching diplomatic resolutions.
Oman recognises Morocco's Autonomy Plan for Western Sahara
Oman officially endorsed Morocco's 2007 Autonomy Plan for Western Sahara during the visit of Foreign Minister Badr Bin Hamad Ben Hamoud Al Busaidi. This endorsement positions Oman among more than 100 nations, including the United States and France, that recognise and support the plan. Atalayar reports that the announcement was made during the seventh joint commission meeting held with Moroccan officials, where both countries entered into several agreements aimed at enhancing cooperation in areas such as transport, renewable energy, sports, and digitalization. Furthermore, Oman has plans to open consulates in key Moroccan cities, Dakhla and Laayoune, a move considered contentious by Algeria, which views this recognition as a significant deviation from Oman’s traditional alliances.
