Oman’s Madayn receives 325 applications for investment during 2021

Muscat: The Public Establishment for Industrial Estates “Madayn” witnessed remarkable activity in the investment movement and a growth in a number of its digital indicators during the year 2021 in all its industrial cities, where it received 325 requests for investment, of which 252 contracts were signed in various industrial, service and commercial activities. The number of new projects in the industrial sector is 106 industrial projects. Thus, the total number of projects in the industrial cities of “Madayn” registered a growth of 3.4%, bringing the total number of projects to 2,255 projects, which achieves the number of projects targeted in the vision of Madayn 2040 by 104%, which constitutes 104% 1,306 of them are industrial sector projects. The number of national cadres in these projects reached 21,124 employees, with an Omanization rate of 38% in 2021 compared to 37% in 2020, while Madayn achieved, with these new projects, an increase in the volume of investments by 108.39 million Omani riyals, with a growth rate of up to to 1.

On the other hand, “Madayn” achieved a growth in the area index after the addition of a number of new cities under its umbrella; As the total area of ​​the industrial cities in Rusayl, Sohar, Raysut, Sur, Nizwa, Al Buraimi, Samail, Ibri, and Mahas, in addition to the Free Zone in Al Mazyona and the Knowledge Oasis Muscat, exceeded 132 million square meters, and thus the total rentable areas in these cities reached industrial 89, 9 million square meters in 2021, and the occupancy rate in Rusayl Industrial City reached 96%, while it reached 99% in Raysut Industrial City. During 2021, the industrial cities issued approximately 1,035 licenses, 383 permits, and 104 engineering plans, and this growth comes In the investment movement and digital indicators during the year 2021 thanks to the package of facilities and incentives approved by “Madayn” to support the investment environment in the various industrial cities of “Madayn”, based on its responsibility towards investors and industrialists in the Sultanate of Oman, and creating the appropriate investment environment, which contributes to attracting Industrial investments and providing them with continuous support through developing competitive strategies regionally and globally, creating advanced infrastructure, providing value-added services, and facilitating government processes and procedures on the one hand, and in order to mitigate the economic effects resulting from the coronavirus pandemic and the drop in global oil prices on the other hand.