Madayn industrial cities pull in over RO 7 billion in investments

Madayn is now working to improve the services it provides to investors, having opened ‘Masar’ centres in all industrial cities. It is now working on developing the digital transformation system and automating its service

MUSCAT: The industrial cities of the Public Establishment for Industrial Estates (Madayn) continue to benefit from strong local and international investor interest across all manufacturing-related sectors.

According to Hamad bin Hamoud al Qasabi (pictured), Acting CEO — Madayn, total investments in Madayn’s industrial cities have surpassed RO 7 billion as of end-2022, providing employment to more than 19,000 Omanis. In 2022 alone, more than 300 projects with investments totaling over RO 300 million were finalised for developments in these parks, he said.

Madayn is now working to improve the services it provides to investors, having opened ‘Masar’ centers in all industrial cities. It is now working on developing the digital transformation system and automating its service, he stated.

Additionally, Madayn is working on development projects in all of its industrial cities, for which more than RO 120 million has been allocated for the development of infrastructure and utilities.

Some of these projects are nearing completion and others are in the implementation stages, including the Ibri

Industrial City project and the Mahas Industrial City (Khasab Wilayat).

These industrial cities will contribute to socioeconomic growth in the governorates of Al Dhahirah and Musandam respectively.

Two more industrial cities are under initial development in the governorates of North Al Sharqiyah and Dhofar, he said.

Madayn is also developing the infrastructure of its existing industrial cities, with expansions under way at Sur, Nizwa and Al Buraimi, while a fourth phase has been completed at Raysut Industrial City. — ONA

HAMAD BIN HAMOUD AL QASABI Acting CEO, Madayn