Indian private-port major JSW Infrastructure Ltd (JSW Infra) has signed a definitive agreement with Minerals Development Oman (MDO) to jointly develop a greenfield port in Oman, with an investment of roughly US$419 million (≈ ₹3,730 crore).
The project will be carried out through South Minerals Port Company SAOC (Port SPV), a special purpose vehicle established by MDO, where JSW Overseas FZE (a wholly-owned step-down subsidiary of JSW Infra) will hold a 51% equity stake and MDO will retain the remaining 49%.
Located in the Dhofar region of Oman, the port is planned to have a capacity of 27 million tonnes per annum (MTPA) and will primarily handle bulk mineral exports — including limestone, gypsum and dolomite — from MDO’s mining concessions.
Construction is slated to span approximately 36 months, with commercial operations targeted for the first half of 2029.
The strategic investment aligns with JSW Infra’s ambition to ramp up its cargo-handling capacity from around 177 MTPA currently to 400 MTPA by 2030.
For Oman, the move supports the country’s diversification drive under its Oman Vision 2040 by building world-class infrastructure beyond hydrocarbons and strengthening its role as a minerals export hub thanks to its strategic maritime location.
JSW Group Chairman Sajjan Jindal termed the deal a “proud milestone in strengthening historic ties between India and Oman” and said it would lay a foundation for deeper trade connectivity and economic cooperation.
