Total investment at Salalah Free Zone reaches RO 727mln in the first half of 2023

Salalah: The Salalah Free Zone, affiliated to the Asyad Group, was able, during the first half of 2023, to attract economic projects through the signing of 5 new usufruct agreements, with a total investment amounting to RO 727 million.

The number of cumulative agreements in the Salalah Free Zone amounted to 127 usufruct agreements, with a total cumulative investment volume of RO 4.5 billion.

Dr. Ali bin Muhammad Tabuk, CEO of the Salalah Free Zone Company, said in a statement to Oman News Agency: The new agreements in the first half of this year include a project to establish a factory for the production of washing powder and detergents, and another for the manufacture of ferrous alloys and wrapping paper, as well as a factory for the manufacture of textiles and packaging. Plastics for healthcare purposes, in addition to the urea and ammonia production project, and the Exahertz project in the field of data hosting and processing.

He stressed the keenness of the Salalah Free Zone to attract private investments in the technology sector and the digital economy. Through the inauguration of the data hosting and processing project in mid-August for the international company, Exahertz, to build the huge Blockchain data center, which is an important station indicating the success of the Salalah Free Zone in attracting local and international investments, and strengthening the technical sector in the Sultanate of Oman.

He explained that the Salalah Free Zone, with its modern facilities and logistical capabilities, supports investments in the third-generation Internet technology sector and the technologies of the fourth industrial revolution, to be a pillar and starting point for expanding computing capabilities in the Sultanate of Oman for blockchain technology. This will open new horizons for innovation and the growth of the digital economy in the Sultanate of Oman, taking advantage of its strategic location adjacent to the points of connection of international submarine cables for data transmission, located in Salalah.

He pointed out that the Salalah Free Zone provides a highly efficient energy network that suits the needs of large-scale technical projects, in addition to benefiting from the mild climate in the Dhofar Governorate, and the possibility of using cold sea water within advanced cooling systems, which contributes to reducing energy consumption and enhancing the efficiency of air conditioning and ventilation systems. Which is a key factor in ensuring the integrity of devices in large data centers.

The CEO of the Salalah Free Zone Company stressed the importance of this project and its strategic dimensions, explaining that this partnership with Exahertz affirms the region’s commitment to supporting the digital and knowledge economy in the Sultanate of Oman in accordance with the objectives of the “Oman 2040” vision, promoting advanced technology sectors, and stimulating private investment. And major projects, due to the presence of an advanced infrastructure network in the region, and the integrated ASYAD logistics system, in addition to other investment services and incentives.

The Salalah Free Zone, in cooperation with the concerned authorities in the Sultanate of Oman, works to provide all support facilities for the industrial projects that it hosts, and to find stimulating opportunities for various economic sectors, in line with its vision represented in building a long-term partnership with its customers by establishing an integrated modern infrastructure in a distinguished geographical location. Attractive incentives, a safe environment and reliable services.

It is noteworthy that the Salalah Free Zone is a leading center for high-quality industrial and logistical activities, and it offers many economic incentives, advantages and facilities to investors, the most important of which are tax exemptions, and the right to full foreign ownership of investment projects, in addition to enjoying a strategic location adjacent to the port of Salalah overlooking the path of the most prominent global shipping lines, which It has an infrastructure and equipment that places it among the elite commercial ports in the world.