Dhofar Islamic has signed an agreement to support the development of Oman’s first underground copper mining project, reinforcing the Sultanate’s ambitions to expand its mining industry and strengthen economic diversification efforts under Oman Vision 2040.
The agreement will support the Al Ghuzayn copper project being developed by Mawarid Mining, the mining investment arm of Mohammed Al Barwani LLC. The initiative is regarded as an important milestone for Oman’s minerals sector as the country seeks to increase local value creation and establish a stronger presence within global copper supply chains.
Representatives from Dhofar Islamic, Mawarid Mining and Ahli Islamic attended the signing ceremony, alongside senior executives from the MB Group.
Copper demand has risen significantly in recent years due to its importance in renewable energy technologies, power infrastructure, electric vehicles and industrial manufacturing. The Al Ghuzayn development is expected to contribute to Oman’s long-term industrial growth while supporting the transition towards more sustainable industries globally.
Amor Al Amri said the project represented a major addition to Oman’s mining landscape.
“As Oman’s only underground copper mining development, Al Ghuzayn reflects both the forward-looking vision of MB Group and the structuring capabilities of Dhofar Islamic,” he said. “This project represents a significant addition to the Sultanate’s mining sector and aligns closely with Oman Vision 2040, supporting economic diversification and sustainable growth.”
Beyond increasing copper production, the project is expected to generate employment opportunities for Omani nationals across technical and operational fields, while also supporting local suppliers, skills development and community initiatives.
Mawarid Mining views the project as a strategic investment that will strengthen Oman’s role in supplying minerals required for global industrial and energy transition projects. The company said the development would contribute to expanding downstream mining activities and enhancing the country’s industrial capabilities.
The Al Ghuzayn project also reflects wider regional efforts to diversify Gulf economies beyond hydrocarbons by investing in critical minerals and industrial infrastructure. As countries accelerate renewable energy adoption and electrification programmes, copper has become one of the most sought-after resources worldwide due to its use in power transmission, battery systems and advanced manufacturing.
With construction and development progressing, the project is expected to play a key role in supporting Oman’s mining ambitions while contributing to broader economic growth and industrial resilience.
Oman’s first underground copper mine gains support
