Construction work has commenced on a number of factories and investment projects at Al Suwaiq Industrial City, which reflects the growing industrial activity in the city, enhances its appeal as an ideal investment destination in Oman’s North Al Batinah Governorate.

Mundhir bin Ali Al Nasseri, Acting Director General of Al Suwaiq Industrial City, stated that the city has localised a number of investment projects across various sectors this year, with a total investment value exceeding RO1.4 million and a total leased area of more than 80,000 sq m.

“This brings the city’s cumulative investment volume to over RO2 million and the total leased area to more than 90,000 sq m. The projects cover a range of activities, including polyethylene production, industrial oil refining, polymer modified bitumen, and ceramic tile manufacturing,” he said.

Al Nasseri informed that Madayn continues its efforts to attract further quality projects and is currently evaluating a number of investment applications received recently. These include projects for manufacturing multi-purpose electric motors and generators, soft drinks, as well as cosmetics and hand and foot care products.

He also noted that the management of Al Suwaiq Industrial City is working closely with relevant partners in the public and private sectors to accelerate the provision of essential services to the city and its investors, explore ways to attract investments and facilitate procedures, and organise promotional events to highlight the available investment opportunities and incentives offered to investors. “These efforts aim to attract value-added industrial projects, broaden the city’s industrial activities and boost the sector’s contribution to the national economy, while creating new opportunities for the SMEs and supporting supply chains and services associated with the industrial sector,” Al Nasseri pointed out.

Extending over a total area of approximately 12.2 million sqm, Al Suwaiq Industrial City represents a significant addition to the Sultanate’s network of industrial cities, with a range of investment opportunities, competitive incentives and advanced infrastructure planned for the city. The city is expected to generate direct and indirect job opportunities for the Omanis, empower the entrepreneurs to launch innovative projects, and contribute to increasing non-oil revenues.

Madayn has also developed studies to identify investment opportunities aligned with the economic diversification strategy and Oman Vision 2040. Targeted sectors include petrochemicals, food industries and modern agriculture, energy and supporting technologies, recycling and environmental industries, light and medium industries, pharmaceuticals, technology and innovation, heavy industries, and logistics. - TradeArabia News Service