Extruded Polystyrene Sheets Plant
Extruded Polystyrene Sheets Plant
This opportunity is a new plant for Extruded polystyrene (XPS) is a type of insulation material with fine, closed cells, containing a mixture of air and refrigerant gas. Popularly known by its Dow trademark Styrofoam, it has a high R-value, good moisture resistance, and high structural strength compared to other rigid insulation materials. Both extruded polystyrene and the other common type of polystyrene foam, expanded polystyrene (EPS), are used extensively as thermal insulation in industrial, commercial, and residential construction.
Location
Madayn_ Suhar Industrial City
Capital
2,527,000 OMR
Payback
6 Years
Duration
1.3 Years
Land Size
15,000 Sqm
Source
Ministry of Commerce, industry and Investment Promotion
Sector's Highlights
2024
2023
2024
2024
Sector's Incentives
Up to 10 years of corporate tax exemptions for manufacturing projects.
Long-term land leasing options at competitive rates to facilitate industrial growth.
Duty-free imports for machinery, raw materials, and equipment needed for manufacturing.
R&D Partnerships: 40% cost-sharing for Industry 4.0 pilot projects.
Export Acceleration: Customs exemptions for 71 countries across 15 trade agreements.
