Al-Suwaiq Industrial City in Oman was showcased as one of the modern industrial cities developed by the Public Authority for Industrial Estates (Madayn) during the second session introducing investment opportunities for a number of investors and business owners. This meeting aimed to present the capabilities of this city to enhance the attractiveness of the investment environment in Oman and support efforts for economic diversification by providing integrated infrastructure.
Attracting New Investments
Montar Ali Al-Nasri, the acting general manager of Al-Suwaiq Industrial City, stated in this session that the city has succeeded in attracting new investment projects worth over 1.4 million Omani Rials this year. These projects have been leased over an area of more than 80,000 square meters, bringing the total accumulated investments in this city to over 2 million Omani Rials, with the total area of leased lands exceeding 90,000 square meters.
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The new projects include various industrial activities such as polyethylene production, industrial oil refining, polymer modification for asphalt, and ceramic tile production. The city management is also evaluating several investment requests in diverse sectors including the production of electric motors and generators, the production of carbonated and non-carbonated beverages, and the production of cosmetic and hand and foot care products.
Infrastructure and Services Development
Abdullah Mohammed Al-Farsi, an engineer and representative of Madayn, emphasized that this authority is working in coordination with relevant public and private sector officials to expedite the provision of essential services for Al-Suwaiq Industrial City and facilitate investment-related procedures. Additionally, efforts to promote and raise awareness of investment opportunities and benefits in this city have also intensified.
Al-Suwaiq Industrial City, with its strategic location in Oman, provides easy access to major transport networks, population centers, regional markets, and export outlets. This strategic position contributes to enhancing supply chain efficiency, facilitating business operations, and supporting the growth of the industrial sector.
Al-Suwaiq Industrial City, with a total allocated area of approximately 12.2 million square meters, is recognized as a qualitative addition to the system of industrial cities in Oman. Madayn is developing the first phase of this city over an area close to 1.3 million square meters. This city will help attract investments and increase economic opportunities by providing competitive incentives and advanced infrastructure, and it will also play a significant role in diversifying income sources and increasing non-oil revenues for the national economy by creating direct and indirect job opportunities for citizens and empowering entrepreneurs to establish innovative projects.
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