Muscat:The Public Authority for Special Economic Zones and Free Zones has announced the signing of 28 investment agreements worth over RO 304 million. These agreements cover an area exceeding two square kilometers and aim to establish projects and expansions in special economic zones, free zones, and industrial cities throughout Oman.
According to Oman News Agency, the investments span various sectors, including industrial, food, logistics, and commercial activities. The projects are distributed across the Special Economic Zone at Duqm, the Free Zone at Sohar, the Free Zone at Salalah, Khazaen Economic City, and the industrial cities of Sohar, Raysut, Ibri, and Nizwa. The agreements are part of efforts to attract quality investments and expand economic and industrial projects, contributing to national economic diversification, job creation, and Oman Vision 2040.
Among the agreements, the industrial cities operated by the Public Establishment for Industrial Estates (Madayn) secured investments of approximately RO 147.6 million. Sohar Free Zone agreements totaled RO 58.5 million, Duqm Special Economic Zone RO 55.08 million, Salalah Free Zone RO 32.95 million, and Khazaen Economic City more than RO 10.4 million. These investments are expected to enhance the competitiveness of Oman's economic zones and cities, providing a regulatory environment conducive to investor partnerships.
Key projects include Atlas Steel and Fujian Mancheng Industries in Sohar Industrial City, Gulf Company for Organic and Biological Fertilizers in Raysut, and National Paper Investment in Ibri. In Nizwa, projects by Al Hilal Oil and Gas Services and Shandong Yukos Petroleum Equipment focus on the oil and gas sector. Additional investments in Sohar Free Zone, Duqm, and Salalah reflect a strategic direction towards industrial diversification and global market connectivity.
The agreements were signed in the presence of several dignitaries from the public and private sectors, emphasizing the collaborative efforts between the government and investors to develop Oman's economic landscape.
