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Freezone Sohar attracts investors

Oman's Freezone Sohar, which last week signed a lease agreement with Gulf Mining Materials Co for a ferro-chrome smelter, said it expects to sign agreements with two more companies for ferro-chrome by the end of next month, Muscat Daily has reported. "We have received positive interest from about nine or ten companies looking at ferro-chrome investment," said Neelima Vyas, COO of Freezone Sohar. "Our criteria for selecting investors for phase one are based on the desire to achieve balance between demand and supply, and availability of power," said Vyas.