A strategic cooperation agreement has been signed between Egypt's Arab Metals Company ZEINOX and Oman's OQ Group to establish a plastic manufacturing facility in the Sultanate of Oman, with a total investment of $2.6m. The project will be implemented under Oman's LADAYN industrial programme and is aimed at strengthening local production capacity and boosting regional exports.

The signing ceremony was attended by Abdullah bin Nasser Al-Rahbi, Oman's Ambassador to Egypt, who described the agreement as a reflection of the deepening economic ties between the two countries and a tangible outcome of diplomatic and business collaboration.

The upcoming factory will produce a broad range of plastic products for the Omani market and neighboring Arab countries, contributing to regional industrial integration and supporting Oman's diversification efforts under Vision 2040.

Maged El-Zeiny, Chairperson of ZEINOX, said the initiative aligns with the company's strategy to deepen regional partnerships and support Oman's ambitions to localize manufacturing. "This investment creates promising opportunities and reinforces industrial cooperation between Arab states," he added.