Home / Business and Economy / JSW Infrastructure Acquires 51% Stake in Oman Port for $419M Investment
JSW Infrastructure Acquires 51% Stake in Oman Port for $419M Investment
17 Nov
Summary
- JSW Infrastructure to acquire 51% stake in Oman port SPV
- $419 million investment to develop 27-MTPA greenfield port
- Collaboration aims to deepen India-Oman trade connectivity
On November 17, 2025, JSW Infrastructure Ltd announced that it has signed definitive agreements to acquire a 51% stake in South Minerals Port Company SAOC, a newly incorporated port special purpose vehicle (SPV) in Oman. The deal, executed through JSW Overseas FZE, a step-down subsidiary of JSW Infrastructure, will see the company invest $419 million to develop a 27 million tonnes per annum (MTPA) greenfield port in Oman's Dhofar Governorate.
The port SPV has been set up by Minerals Development Oman (MDO), the state-owned mining and development entity. Construction on the new port is expected to take 36 months, with commercial operations targeted to commence in the first half of 2029.
Sajjan Jindal, Chairman of JSW Group, stated that the collaboration "marks a proud milestone in strengthening the historic ties between India and the Sultanate of Oman." The investment aims to deepen regional trade connectivity and set a "new benchmark for regional growth." Oman's strategic location, mineral reserves, and growing industrial ecosystem position the port as a critical gateway for bulk mineral exports, especially limestone, gypsum, and dolomite—key raw materials for India's steel and cement sectors.
The project aligns with Oman's Vision 2040 and JSW Infrastructure's long-term plan to expand its cargo-handling capacity to 400 MTPA by 2030, up from 177 MTPA currently.
