Mott MacDonald has completed feasibility study on Takamuls Sohar metals project
Omans Takamul Investment Company is expected to tender the engineering, procurement and construction (EPC) contract on its planned ferrochrome smelter in Sohar during the first quarter of 2014.
The projects feasibility study carried out by UK-based engineering group Mott Macdonald has been completed, according to a source close to the project. Ferrochrome is an alloy of chromium and iron used in the production of stainless steel.
The smelter will be located in Freezone Sohar along with three other ferrochrome plants either planned or under construction at Omans northern industrial port.
The other projects are being development by Omans Gulf Mining Materials, Indias Metkore Alloys and a joint venture of India-based Indsil Group and local chromite miner Al-Tammam Trading Establishment.
Takamul is 90 per cent owned by state-owned Oman Oil Company, with UAE-based Al-Maha and Abu Dhabi Water & Electricity Authority (Adwea) each holding 5 per cent stakes.
You might also like...
Amiral cogen eyes financial close
26 April 2024
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.