• Oman

    • Investments in Madayn’s industrial cities exceeds OMR 7 billion

    By on February 5, 2023
    Madayn's industrial cities
    Madayn's industrial cities

    Muscat: The volume of investments in the industrial cities of the Public Establishment for Industrial Estates (Madayn) exceeded OMR7 billion at the end of 2022, a senior executive of Madayn said.

    “The industrial cities of Madayn are witnessing a great demand from investors from both inside and outside Oman by localising their projects in various sectors,” said Hamad bin Hamoud Al-Qasabi, Acting CEO of Madayn.

    The number of the national workforce reached more than 19,000 across various industrial cities, he added.

    He said that Madayn is working to improve the services it provides to investors and has completed the opening of Masar centres in all the industrial cities and working on the digital transformation system and automating the services it provides.

    Madayn is currently working on development projects in all of its industrial cities, for which more than OMR120 million has been allocated for the development of infrastructure, he said, adding, some of the works are nearing completion while others are in the implementation stages. These include the Ibri Industrial City project and the Mahas Industrial City project in Khasab. This will contribute to the development of the economy of the governorates of Al Dhahirah and Musandam by providing an incubating environment for economic activities and providing vital job opportunities.

    He added that there are two other projects in North Sharqiyah and Dhofar being implemented and the procedures related to it are now being finalised.

    Al-Qasabi said: “Madayn continues to develop and develop the infrastructure of its industrial cities and has developed new spaces in each of the industrial cities in Sur, Nizwa and Al Buraimi and the development of Phase 4 in Raysut Industrial City has been completed. – ONA

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