More than RO 16.6 billion Investment in Industrial Cities, Special and Free Economic Zones

Volume of investment in Industrial Cities, Special and Free Economic Zones exceeds RO 16.6 billion

Muscat: The Public Authority for Special Economic Zones and Free Zones is making great efforts to attract pioneering projects in various sectors, benefiting from the investment environment and providing many success factors for these projects.

The volume of cumulative investment committed in special economic zones, free zones and industrial cities in the Sultanate of Oman until the end of June 2023 amounted to more than RO 16.6 billion These investments were distributed in the areas supervised by the Public Authority for Special Economic Zones and Free Zones.

The volume of investment in existing industrial cities reached 7.3 billion Omani riyals, and investments in the Salalah Free Zone amounted to RO 4.5 billion, while the value of investment in the Duqm Special Economic Zone exceeded more than 3.8 billion Omani riyals, and in the Sohar Free Zone reached RO 570 million.

In the Al Mazyouna Free Zone, more than 139 million Omani riyals, while the cumulative investment committed until the last quarter in Khazaen Economic City amounted to 323 million Omani riyals.

Investments in the Duqm Special Economic Zone during the period from January to the end of June of this year amounted to 185 million Omani riyals, bringing the total cumulative investment to more than 3.8 billion Omani riyals. The region concluded 16 investment agreements, obtained 111 investment applications and registered 80 applications for commercial activities. Public services licenses reached 420 licenses and 22 building permits were approved, and environmental permits and licenses it approved amounted to 34 licenses.

The administration of the Special Economic Zone at Duqm works to attract a variety of economic activities, such as clean energy projects, green hydrogen and ammonia production, refineries, petrochemical industries, commercial, tourism and logistical activities, light and medium industries, fisheries industries, and real estate development projects. Its area of ​​2,000 square kilometers allows it to keep pace with the demands of investors wishing to obtain… Relatively large plots of land to implement their investment projects, and paves the way for developers who wish to implement various projects on suitable areas while giving them additional advantages.

The most prominent sectors in the Duqm Special Economic Zone are the petrochemicals and plastic products sector, the fisheries and food industries sector, the green hydrogen and ammonia sector, in addition to the green industries sector. Investments in the Sohar Free Zone from the beginning of the year to the end of June 2023 amounted to more than 94 million Omani riyals, bringing the total cumulative investment to 570 million Omani riyals.

The zone signed 4 investment agreements and registered 179 investment applications and 31 applications for commercial activities, and public service licenses reached 284. It licensed and approved 9 building permits, and the environmental permits and licenses it approved amounted to 90 licenses.

The Sohar Free Zone, with a total area of ​​45 square kilometers, has an integrated infrastructure supported by a large vital port and a number of diverse projects that include various sectors such as metals, petrochemicals, food industries, the mining industry, minerals, pharmaceutical and veterinary industries, refrigerated and dry logistics warehouses, ceramic industries, building materials, textiles, etc., and includes a number of companies. Renting prefabricated warehouses and offices is one of its competitive advantages.

The volume of committed investment in the Salalah Free Zone amounted to RO 727 million during the period from January to the end of June 2023, bringing the total cumulative investment to RO 4.5 billion, while 127 investment applications were registered, the zone administration signed 6 agreements, 18 applications were registered in commercial activities, and service licenses were received.