Our Strategy in Oman

About Vale

Our Strategy in Oman

Vale established its Middle East office in Oman in December 2007 with an aim to expand its presence in key regional markets. Always seeking new opportunities and pioneering solutions, we constructed a Pelletizing Plant and Distribution Center in Sohar. This resulted in new employment opportunities, training of local talent, advancement of the local supply chain and diversification of the country’s economy.

With an investment of US$ 2 billion, Vale employs advanced technologies including an innovative environmental management system which involves control and monitoring actions, all in compliance with local laws and regulations. The project significantly contributes to the socio-economic development of the community.

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Project investment:    
US$ 2 billion
Inaugurated in Mach 2012
 
 


 
why Oman?

Proximity to the market: Middle East is one of the biggest producers of reinforcing bar (rebar) and pellets are a key component in the production of this type of steel.
 
A deep-water port: Sohar is an unique deep-water port in the region. It is able to receive our ‘Valemax’ vessels which have a 400,000 ton transportation capacity.
 
Strategic position: Oman has a strategic location geographically close to Europe, Asia and Africa. As well, we are able to transport our products regionally being located outside of the Strait of Hormuz.
 
Business oriented environment: Oman offers a competitive environment for International investors. It was ranked 12th for Government Efficiency, according to the World Economic Forum (The Global Competitiveness Report 2011-2012, World Economic Forum).
 
Recognition
 
Point
In 2013, the Government of Oman was recognized by
the United Nations (UN) for the excellence in promoting export-oriented foreign
investment having Vale’s operations in the Sultanate as the case of the study.
 
 
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Vale was recognized for its fundamental role in winning the award and for
its strategic influence to attract business to the country.