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 develop its polysilicon plant in Oman. The signing ceremony was held in Oman on November 17, 2025. The
project started on March 11, 2024, with an investment of 1.6 billion US dollars. It is planned to be put into operation in 2025. After full production, the annual output can meet the production demand of 40GW photovoltaic modules .
Previously, United Solar also received a loan and investment of $250 million from the World Bank and an investment of about RMB 1.101 billion from the Future Fund Oman. United
Solar was founded in May 2023, focusing on the global polysilicon market. Sam Zhang, the founder and chairman of United Solar, is the former CFO of Jinko Energy and the former vice chairman of Daqo Energy.
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