A'Suwaiq:The Public Establishment for Industrial Estates 'Madayn' organized an introductory meeting for investors and business owners to explore investment opportunities in A'Suwaiq Industrial City. This modern industrial city, developed by Madayn in the North Al Batinah Governorate, aims to enhance the investment environment in Oman and support economic diversification through integrated infrastructure for industrial, logistical, and service investments.
According to Oman News Agency, Munther Ali Al Nasri, Acting Director General of A'Suwaiq Industrial City, reported that the city attracted new investment projects totaling over RO 1.4 million this year, with leased areas surpassing 80 thousand square meters. This brings the total cumulative investments to over RO 2 million, with leased areas exceeding 90 thousand square meters.
The new projects span various industrial activities, including polyethylene production, industrial oil refinement, polymer modification for bitumen, and ceramic tile manufacturing. The city is currently assessing investment applications in sectors such as electric motor and generator manufacturing, carbonated drink production, and cosmetics manufacturing, indicating increased investor interest.
Eng. Abdullah Mohammed Al Farsi stated that "Madayn" is collaborating with public and private sector entities to expedite service provision and investment procedures in A'Suwaiq Industrial City. Efforts are focused on attracting value-added industrial projects, diversifying industrial activities, and enhancing the industrial sector's economic contribution. The city also aims to create opportunities for SMEs and develop supply chains and supporting services.
A'Suwaiq Industrial City, covering about 12.2 million square meters, is a significant addition to Oman's industrial cities. Madayn is developing Phase One over approximately 1.3 million square meters, with plans to attract investments, boost economic opportunities, and support job creation. The city's strategic location offers easy access to transportation networks, regional markets, and export outlets, enhancing supply chain efficiency and industrial sector growth.
