Oman to Build $1.4 Billion Pulp and Paper Mill in Minsk, Belarus

Oman has signed an agreement to construct a $1.4 billion pulp and paper mill in the Belarusian capital, Minsk. This major project, fully financed by the Omani government through its sovereign wealth fund, the Oman Investment Authority, aims to produce around 800,000 tonnes annually. The deal was finalized during a meeting between Oman's Sultan Haitham bin Tarik and Belarusian President Aleksandr Lukashenko. Besides the mill, Belarus and Oman agreed on exporting Belarusian wood, pharmaceuticals, machinery, and agricultural products to Oman. Additionally, Belarus will establish re-export hubs in Oman’s free-trade zones targeting Gulf and African markets. Analysts note Belarus’s strategic interest in Oman’s Duqm Port as a key gateway free from regional tensions. This collaboration underscores growing economic ties and joint development ambitions between the two nations in sectors including minerals, mining, and automotive manufacturing. #papernews #pulpnews #pulpandpaper #Oman #Belarus #DuqmPort #investment #freezones #economicpartnership #manufacturingHere is a news headline and summary based on the article about Oman building a pulp and paper mill in Belarus, complete with the required hashtags: