Minerals Development Oman (MDO) has signed a major agreement with India’s JSW Group to move ahead with the South Minerals Project, one of the country’s largest industrial minerals developments, with an investment value of RO 204 million.
The deal sets the stage for a fully integrated operation covering the extraction and processing of gypsum and limestone. Central to the project is a new marine terminal in Shuwaimiyah, located within the Wilayat of Shalim and the Hallaniyat Islands, which will be equipped to handle up to 27 million tonnes of material each year. The terminal is intended to expand capacity across Oman’s port network and strengthen supply routes for mineral exports across regional and international markets. Officials say the initiative supports the economic diversification and industrial growth goals set out in Oman Vision 2040.
The project spans three concession zones totalling 1,500 sq km and is supported by verified reserves identified through years of exploration undertaken by MDO. When fully up and running, the quarries are expected to produce around 30 million tonnes of gypsum and limestone annually. This is expected to increase Oman’s presence in global industrial minerals markets and create opportunities for new transport, logistics, and industrial activity, particularly in Dhofar Governorate.
Backers believe the combination of large mineral deposits and modern infrastructure will make the area an attractive base for downstream projects and related value-chain investments. JSW Group was chosen as MDO’s partner due to what officials describe as its technical capability, financial strength, and international experience across iron and steel, metals, energy, and infrastructure.
Abdulsalam bin Mohammed al Murshidi, President of the Oman Investment Authority, said the South Minerals Project represents Oman’s proactive investment approach in building a competitive mining sector across the full value chain. He added that the partnership will help attract foreign investment, accelerate sectoral development, and reinforce national diversification goals.
Dr Badar bin Saud al Kharusi, Chairman of MDO, said the programme consists of two major elements: a purpose-built port for exporting gypsum and dolomite, and the mining project itself, which he described as the largest of its kind in Oman. He noted that the development will also include new factories set to generate job opportunities for young Omanis.
Engineer Matar bin Salim Al Badi, CEO of MDO, said the initiative marks a major milestone in the company’s long-term strategy to expand mining industries and strengthen Oman’s logistics capabilities. He explained that the project will boost the competitiveness of Omani exports, open access to new markets, and deliver tangible economic value. He added that the Shuwaimiyah marine terminal directly supports national plans to improve maritime transport efficiency and supporting infrastructure.
Rankesh Roy, CEO of JSW Infrastructure, described the partnership as an important step in expanding the company’s footprint in the Middle East. He highlighted Oman’s favourable investment climate, strong regulatory framework, and supportive investor environment as key advantages. He added that JSW remains committed to developing world-class maritime infrastructure that delivers sustainable value for all stakeholders.
