Sohar Industrial City gets 55 new investment in 2023

Sohar Industrial City receives 55 new investment applications in 2023

Sohar: Sohar Industrial City, affiliated with the Public Establishment for Industrial Estates (Madayn), received about 55 investment applications during the year 2023, of which 45 projects were localized, which will be built on areas exceeding 461 thousand square metres.

Eng. Abdullah bin Ahmed Al-Mayasi, Director General of Sohar Industrial City, said: During the year 2023, the plastic industries complex “Ladain” was able to sign 5 agreements, bringing the volume of investment in it to about 22 million Omani riyals, with a total of 7 projects being built on areas of up to 80 thousand. square meters, and the number of workers is approximately 200 workers in the initial stage.

The Director General of Sohar Industrial City confirmed that Madayn has made great strides in completing the city’s seventh phase development project. The completion rate reached 98.6 percent. The project includes a 32-kilometre road network equipped with lighting poles, a drinking water network and a sewage network, in addition to a wastewater treatment plant with a capacity of 2,000 cubic meters, a rain drainage network, a flood protection wall, and an irrigation network and two water supply tanks with a total capacity of 2,700 cubic metres.

The “Masar” service center in Sohar Industrial City is an investment window with a unified system to facilitate and simplify the procedures for the investor to obtain all the necessary approvals, permits and licenses for his investment project in one station and a specific period of time, in an effort by “Madayn” to form a system of integrated services that the investor needs to create and create added value. An attractive business environment for investments in the Sultanate of Oman.