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Oman signs $250m EV and battery plant deal with Korea’s EL B&T in Duqm

Oman signs $250m EV and battery plant deal with Korea’s EL B&T in Duqm

The project will be developed in two phases and is expected to reach a production capacity of up to 60,000 electric vehicles annually, alongside 1.6 million battery cells upon completion of Phase II

12 May, 2026

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