Agreement signed to establish factory for producing medicines, medical supplies in Sohar Port and Freezone

Sohar: Sohar Port and Freezone on Monday signed a land lease agreement with Pharma Investment Group (IMGSA - Free Zone Company) to establish a factory for producing medicines and medical supplies over an area of 40,000 square metres in Sohar Freezone, with investments totalling approximately OMR7.7 million ($20 million).

This factory is a joint venture between a number of Omani investors and the Algerian IMGSA Group, underscoring Sohar Port and Freezone's commitment and success in providing an integrated, attractive ecosystem for investment that will boost trade in the Sultanate of Oman through the adoption of best sustainable practices.

The factory is scheduled to begin operations in 2027 and will be designed and constructed in accordance with the highest applicable international standards. The factory will include sterile production lines, advanced quality control laboratories, research and development units, and a specialised training centre for qualifying and developing national competencies in pharmaceutical manufacturing and quality management. The project also includes the establishment of a comprehensive, integrated research and development laboratory.

The factory will produce a wide range of medical supplies and products, such as antibiotics, oncology treatments, medical-use gloves, sterile gauze, and consumable medical products.

The project in Sohar Freezone will contribute to enhancing the industrial landscape in the Sultanate of Oman by attracting qualitative investments in advanced pharmaceutical industries and consolidating Sohar Port and Freezone's position as a pivotal hub connecting regional industries to global markets, affirming the commitment to supporting sustainable economic growth and strengthening the zone’s role within the global trade system.