Monday 17 / November / 2025
Muscat: Minerals Development Oman (MDO) announced the signing of shareholder agreements with JSW Group, making it a key partner in South Minerals Project — one of the most promising projects in the industrial minerals sector.
The move reflects Oman’s vision to strengthen its presence on the global minerals trade map.
The project entails an OMR204 million investment to develop an integrated value chain for gypsum and limestone quarrying, and to construct a deep-water minerals berth in A’shuwaymiyyah, located in the Wilayat of Shaleem and the Hallaniyat Islands, with an annual handling capacity of 27 million tonnes. This project strengthens the integration of the Omani ports network and streamlines supply chains, making Omani exports more competitive in regional and international markets. By increasing efficiency and supporting economic diversification, the development directly aligns with the objectives of Oman Vision 2040.
The South Minerals Project spans three concession areas covering a total of 1,500 square kilometres. These areas contain confirmed deposits of gypsum and limestone, identified through intensive exploration activities conducted by MDO over the past few years. The quarries will have an annual production capacity of 30 million tonnes of gypsum and limestone. This enables increased exports of industrial minerals, supporting the Sultanate of Oman’s industrial base and generating additional revenue for Oman. The project will open new logistical and industrial routes, enhancing the competitiveness of country, particularly Dhofar Governorate. Overall, the project is expected to generate local employment opportunities, stimulate supporting industries, and foster sustainable economic growth in the region.
The project benefits from substantial mineral reserves and advanced infrastructure, enabling the establishment of downstream industries. It directly strengthens value-added supply chains, which support regional industrial growth and drive economic diversification, positioning the region for long-term prosperity.
On this occasion, Abdulsalam bin Mohammed Al Murshidi, CEO of Oman Investment Authority, stated: "South Minerals Project exemplifies Oman’s investment-driven strategy. This model seeks to accelerate growth in the mining sector across the value chain. It attracts foreign capital, enhances this key industry, and drives Oman’s broad economic diversification.”
Eng. Mattar Salim Al Badi, CEO of Minerals Development Oman, also remarked: "South Minerals Project is a pivotal step in our strategy. It helps us develop the mining industry and enhance national logistics capabilities. The project serves as a hub for generating real economic value and fostering the competitiveness of Omani exports. It also opens new avenues for growth. The development of the deepwater minerals berth in A’Shuwaymiyyah aligns with national plans. These plans aim to enhance shipping efficiency and upgrade the sector's infrastructure.
Rinkesh Roy, CEO of JSW Infrastructure, commented: "We are pleased to enter into a strategic partnership with Minerals Development Oman. The Sultanate of Oman provides a stable regulatory framework and robust investor support, thereby enhancing the project's potential for long-term success and economic value. The association with MDO is a testament to our commitment to building world-class maritime infrastructure that delivers long-term value for all stakeholders.”
