Future Fund Oman has announced $1.7 billion in financing across 105 projects nationwide, naming a solar cell and module manufacturing facility for Orion Solar as its flagship investment, PV Tech reports.
Key facts
- Total portfolio: $1.7 billion across 105 projects in multiple sectors, via Future Fund Oman
- Flagship project: a manufacturing facility for Orion Solar at SOHAR Port and Freezone in northern Oman
- Planned capacity: 6GW of annual solar cell manufacturing plus 3GW of module production
- Related buildout already under way in Oman: United Solar's 40GW polysilicon facility; Ecoprogetti's 400MW module line at Salalah Free Zone (installed December 2025); Gallant Industrial's 66,000-tonne/year lithium-iron-phosphate cathode material plant for EV batteries
- Strategic framing: the investment is positioned to help meet US "foreign entity of concern" (FEOC) sourcing rules, which restrict Chinese-linked polysilicon in US-bound supply chains
- Quote: "This portfolio directs capital toward nationally prioritised sectors and strengthens Oman's appeal to global investors," said Mulham Al Jarf, deputy president of investment at the Oman Investment Authority
Why it matters
Oman is assembling a full domestic solar supply chain — polysilicon, cells and modules — rather than just hosting assembly lines, which is a different bet than most manufacturing-diversification announcements. Combined with United Solar's polysilicon plant, a 6GW cell line gives Oman real scale in the segment most exposed to FEOC restrictions on Chinese-linked material.
For buyers and distributors trying to source non-Chinese-linked panels ahead of tightening US rules, a cluster of Gulf manufacturing capacity — Oman alongside Saudi Arabia and the UAE — is becoming a credible alternative sourcing region, not just a talking point.
Sources
- PV Tech coverage - July 16, 2026
SolarXList summary based on publicly available industry sources checked on July 17, 2026.