According to TradeArabia News Service, Oman's Sur will get a $215.87 million rubber powder facility.

In order to establish a rubber processing plant with an investment value of RO83 million ($215.87 million) for phase one of the project, Sur Industrial City, a subsidiary of the Public Establishment for Industrial Estates (Madayn), has signed an investment contract with Al Fairuz Projects and Investments.

This environmentally friendly project would be built on a 230,000 sq. m. area and use cutting-edge tyre recycling technologies, according to Eng Abdulqadir bin Salim Al Balushi, Director General of Sur Industrial City.

Al Balushi stated that the tire recycling initiative "is anticipated to provide 212 job opportunities, of which 75% will be for Omanis."

The project's executive director, Eng Ahmed bin Mohamed Washah, emphasized that the rubber powder production plant will be advantageous for the industries that use carbon and biofuel because they will be extracted using cutting-edge and environmentally friendly technology rather than harmful tyre burning.

According to a statement, the project establishment phase is anticipated to begin in the final quarter of this year, and the two-year planned construction phases will begin in the first half of 2019.

Original article: TradeArabia News Service