Strategic Agreements Inked to Establish National Green Transport CompanySalalah, 31 Aug (ONA) — The Gulf Green Mobility Forum, concluding this evening in Salalah, Dhofar Governorate, witnessed the signing of strategic agreements to establish the National Green Transport Company in the Sultanate of Oman, with investments estimated at approximately RO 29 million.As part of this initiative, the National Green Transport Company signed a memorandum of understanding with Sohar International Bank to serve as a financial partner in the project. The collaboration aims to develop innovative financing solutions enabling individuals and institutions to own and lease electric vehicles, thereby enhancing financial inclusion and facilitating the adoption of sustainable transportation in Oman.The company also signed an agreement with Al Maha Petroleum Products Marketing Company to leverage its network of 250 service stations distributed across Oman. This partnership will focus on deploying electric charging stations and strengthening the national infrastructure for clean energy.Additionally, an agreement was signed with Opal Marketing and Industries to provide maintenance and technical support services through Precision Tune Auto Care, ensuring high operational readiness for electric vehicles and sustainable logistical and technical support.Eng. Said Hamoud Al Maawali, Minister of Transport, Communications and Information Technology, emphasized that these national partnerships represent a fundamental pillar for launching the project, which embodies Oman’s commitment to building a modern and environmentally friendly transportation system. He clarified that the project is not merely an initiative for electric mobility but a national platform supporting industrial innovation, creating career opportunities, and enhancing Oman’s position as a regional hub for clean technologies.From his side, Hilal Ali Al Khoroushi, Founding Partner of the National Green Transport Company and CEO of HK Ventures, explained that the system is designed to achieve high financial and operational readiness. He noted that these agreements form a solid foundation to accelerate the project’s pace and deliver tangible impacts on individuals’ lives and the national economy by reducing carbon emissions, generating job opportunities for Omanis, and paving the way for the future local manufacturing of electric vehicle components.The company aims to distribute 500 electric vehicles in Muscat and several other governorates by 2026, establish a national research and innovation center by 2027, and operate over 10,000 electric vehicles and 200 fast-charging stations by 2032, ultimately achieving industrial localization by 2035.International estimates indicate that the electric transportation market in Oman is projected to reach nearly RO 1 billion by 2030, with an annual growth rate of nearly 30%. This reflects the significance of this national initiative in keeping pace with global shifts toward clean energy and achieving the objectives of Oman Vision 2040.— Ends/AH