South Korean company EL B&T is investing approximately 96.2 million Omani Rials to establish an electric vehicle and battery cell manufacturing facility in the Special Economic Zone at Duqm. The project aims for a total annual capacity of 60,000 EVs and 1.6 million battery cells by the end of its second phase. To minimize the carbon footprint of production, the company plans to build a dedicated green energy plant to power the facility. Additionally, EL B&T is exploring the development of electric motors for speedboats and fishing vessels to reduce emissions in Omani waters.
