Oman’s Madayn assigned infrastructure works of Ibri Industrial City project at cost of OMR 9 Million

Muscat: Madayn has assigned infrastructure works of Ibri Industrial City’s phase 1 on an area covering 3 million sqm with a total value of approximately RO 9 million and an implementation period of 18 months. The project includes roads, lighting, water, communication, sewage, landscaping, and electricity network in coordination with Majan Electricity Company.

Al-Mabsali added that “The strategic location of Ibri industrial city on the road leading to the Kingdom of Saudi Arabia and due its close proximity to Oman’s oil concession areas. Located about 200 km from Sohar port and about 300 km from Muscat governorate, the industrial city it will serve the mining, marble and food investment sectors.

By establishing Ibri Industrial City, Madayn aims to achieve its vision in spreading a lineup of industrial cities throughout the  the Sultanate’s governorates, contributing to the advancement of the national economy, and providing direct and indirect job opportunities for the nationals in Al Dhahirah Governorate.

In terms of incentives and privileges granted to investors to boost investment opportunities in Ibri industrial city; Madayn has announced earlier this year exemption from the rental value for a period of two years for all new projects, followed by a reduction in the rental value for a period of (3) years by 50% for contracts concluded during the period from 2021-2024, as well as reducing all other fees listed in Annex No. (1) of  the list of Investment Regulations by 50% for all new projects during the period 2021-2024.

Ibri Industrial City will comprise a variety of industries ranging from oil and gas services, food industries, building materials, warehouses, and showrooms. Al Mabsali explained that interested investors wishing to set up their projects in Ibri Industrial City can apply through www.madayn.om and they will be contacted shortly, or they may visit the office of Ibri Industrial City or the nearest Masar Service Centre for the same purpose.

Eng. Nasser Al-Mabsali explained that interested investor wishing to set up their projects in Ibri Industrial City can apply through (www.madayn.om) and the will be contacted shortly, or they may visit the office of Ibri Industrial City office or the nearest Masar Service Center for the same purpose.

He added, “Once the Rub Al Khali (Empty Qarter) border opens, it will facilitate the movement of goods from the Saudi Arabia and Levant countries, activate the warehouse and storage sector, and boost the volume of export for the marble, foodstuff and other sectors.”

Al-Mabsali affirmed that Madayn, in coordination with Al Dhahirah Branch of  Oman Chamber of Commerce and Industry (OCCI), are making efforts to enable and support contractors and suppliers in Al Dhahirah governorate to apply for projects and services implemented by Madayn. There are also projects that shall be assigned to small and medium enterprises registered in Riyada from Al Dhahirah governorate.