According to foreign media reports, the Arab Bank of Oman signed a $ 200 million (about 1.413 billion yuan) financing agreement with United Solar Polysilicon Company to help the company develop its polysilicon manufacturing plant in Oman. It is reported that the signing ceremony was held in Oman on November 17, 2025. The agreement will create opportunities for Oman's job market and strengthen the country's position as a global trade, logistics and green energy hub, according to a statement issued by the Arab Bank of
Oman. According to

the data, the United Solar Oman 100000 tons polysilicon plant project was announced on March 11, 2024, with an investment of $1.6 billion, and is scheduled to be put into operation in 2025. After full production, the annual output of the project will be able to meet the production demand of 40 GW photovoltaic modules .
Earlier, in April this year, United Solar announced an agreement with the World Bank International Finance Corporation (IFC) to sign a strategic framework to support the construction of a polysilicon plant in Oman; Media reported in August that the World Bank's International Finance Corporation approved a $ 250 million loan and investment for a polysilicon manufacturing project in Oman. Specifically, the loan of US $ 200 million (about 1.437 billion yuan) and the preferred stock investment of US $ 50 million (about 359 million yuan) .
In addition, in October 2024, Future Fund Oman invested 60 million Omani rials (about 1.101 billion yuan) in United Solar Energy Company.
According to the official website of United Solar, the company was founded in May 2023, headquartered in Oman, focusing on the global polysilicon market, and its founder and chairman is Sam Zhang.
According to comprehensive information, Sam Zhang, the founder and chairman of United Solar Polysilicon Company, is LONGGEN ZHANG (Zhang Longgen) , former chief financial officer of JinkoSolar and former vice chairman of Daqo Energy.
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