Oman Arab Bank, a Muscat-headquartered commercial lender, has signed a $200 mn financing agreement with United Solar Polysilicon, a China-headquartered polysilicon producer. The agreement is to support a $1.6 bn manufacturing facility planned in Sohar Freezone. According to Oman Arab Bank, the project has been designed for 100,000 tonnes per annum of high-purity solar-grade polysilicon and is positioned as the largest such facility in the region. United Solar Polysilicon said that the financing support has aligned with its plan to build an advanced production site backed by Future Fund Oman, which is part of Oman Investment Authority. The agreement was signed at the OAB CEO Summit 2025 and was witnessed by senior industry officials.