Agreement Inked to Finance 2nd
Phase of Industrial Waste Treatment Facility in Sohar Freezone

Muscat, 20 Feb (ONA) — Oman
Environmental Services Holding Company (Be’ah) signed a financing agreement
with Ahli Islamic Bank to implement the second phase of the industrial waste
treatment facility in the Sohar Freezone.

The financing value stands at RO 51
million, part of which will be directed to developing a specialized station for
treating hazardous waste, enhancing physical and chemical treatment
technologies, in addition to establishing modern facilities for managing used
oils and highly toxic waste, with the installation of smart storage tanks and
advanced infrastructure to ensure operational efficiency.

This integrated project, after
completion of all its phases, is expected to contribute to supporting the
national economy and achieving the goals of sustainability and the circular
economy, as well as contributing to the outcomes of Oman Vision 2040 by
establishing an infrastructure that supports the establishment of heavy and
light industrial projects, generating job opportunities and benefiting from the
latent value of these resources, in addition to contributing to in-country
value (ICV).

The integrated industrial waste
treatment and disposal facility in Sohar Freezone, upon completion of the second
phase, is expected to be a major transformation in the waste management sector
in the Sultanate of Oman and will provide new standards of industrial waste
treatment services in the Sultanate of Oman.

— Ends/Khalid