Omani polysilicon factory secures $220 million

Oman Arab Bank is the latest investor in a major polysilicon manufacturing facility currently under development in Oman, after signing a $220 million financing agreement with project developers United Solar Polysilicon.Oman Arab Bank has signed a $220 million financing agreement with United Solar Polysilicon to help establish a polysilicon manufacturing facility in Oman. The signing took place at the bank's CEO Summit 2025 held in Omani capital Muscat in November, with the country's Minister of Energy and Minerals, Salim bin Nasir bin Said Al Aufi, in attendance. Work on the polysilicon facility, ...

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