Atlas Steel plans integrated long steel complex in Sohar

Atlas Steel plans to invest more than OMR 112 mln (USD 291 mln) in an integrated steelmaking and rebar production complex at Sohar Industrial City in Oman, according to details announced by the Public Authority for Special Economic Zones and Free Zones (OPAZ).

The project will cover approximately 440,000 sqm and comprise a steel melt shop equipped with a 120-ton electric arc furnace (EAF), designed to produce up to 720,000 tons of steel annually, alongside a rolling mill with an annual capacity of around 700,000 tons of rebar.

According to Oman's official commercial registry, Atlas Steel LLC was registered on August 9, 2026, with a capital of OMR 1 mln. Atlas General Trading & Investment holds an 85pct stake in the company, while Al AHBAB Investments owns the remaining 15pct.

Construction milestones, equipment suppliers and the expected commissioning date have not been disclosed.

The investment agreement was among 28 agreements signed on October 28, with a combined value exceeding OMR 304 mln (USD 800 mln). The Atlas Steel project was the largest individual investment in the package.

Other steel-related investments in the package included Al Nawras Industries’ OMR 19.25 mln (USD 50.7 mln) steel structures project in Salalah Free Zone and Sahm Samhan Trading and Contracting’s OMR 750,000 (USD 2 mln) structural metal products project in Raysut Industrial City.

1 USD / 0.38 OMR