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South Korean EV maker to invest $250m in Oman project

By CityCalc Newsroom · Mon May 11 2026 · Source: AGBI

South Korean electric vehicle maker EL B&T plans to invest OMR96m ($250m) to produce EVs and battery cells in Oman’s Special Economic Zone at Duqm. The project will be delivered in two phases and is expected to have capacity to make up to 60,000 vehicles and 1.6 million batt…

South Korean electric vehicle maker EL B&T plans to invest OMR96m ($250m) to produce EVs and battery cells in Oman’s Special Economic Zone at Duqm. The project will be delivered in two phases and is expected to have capacity to make up to 60,000 vehicles and 1.6 million batt…

Curated by CityCalc from AGBI. Read the full article at the source.

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