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๐Ÿ‡ด๐Ÿ‡ฒ Oman /Energy & Infrastructure

Construction gathers pace at Al Suwaiq Industrial City

From Times of Oman · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Construction is advancing at Al Suwaiq Industrial City in Omanโ€™s North Al Batinah Governorate, with investors developing projects across several industrial sectors.
  • The city has attracted more than OMR2 million in cumulative investment, while its total leased area has reached 90,000 square metres.
  • Madayn plans to develop the first 1.3 million-square-metre phase as part of Omanโ€™s economic diversification strategy and Vision 2040.

Construction is in full swing at Al Suwaiq Industrial City, where investors are moving ahead with projects intended to establish the site as a major business destination in North Al Batinah Governorate.

Munthir bin Ali Al Nasri, acting director general of Al Suwaiq Industrial City, said the city had so far attracted investment projects worth more than OMR1.4 million. The projects cover more than 80,000 square metres, bringing cumulative investment in the city above OMR2 million and the overall leased area to 90,000 square metres.

The developments span polyethylene production, industrial oil refining, bitumen polymer modification and ceramic tile manufacturing. The industrial city covers 12.2 million square metres, while its first phase, covering 1.3 million square metres, will be developed by the Public Establishment for Industrial Estates, known as Madayn.

Al Nasri said the cityโ€™s management was working with public- and private-sector partners to speed up essential services, attract new investment, simplify procedures and promote the incentives available to investors. โ€œThese efforts aim to attract value-added industrial projects, broaden the cityโ€™s industrial activities and boost the sectorโ€™s contribution to the national economy, while creating new opportunities for the SMEs and supporting supply chains and services associated with the industrial sector,โ€ he said.

The planned industrial city is expected to create direct and indirect jobs for Omanis, support entrepreneurs and increase non-oil revenues. Madayn has also studied investment opportunities linked to Omanโ€™s economic diversification strategy and Vision 2040, including petrochemicals, food production, modern agriculture, energy, recycling, environmental industries, and light and medium manufacturing.

These efforts aim to attract value-added industrial projects, broaden the cityโ€™s industrial activities and boost the sectorโ€™s contribution to the national economy, while creating new opportunities for the SMEs and supporting supply chains and services associated with the industrial sector.

· Munthir bin Ali Al NasriOn efforts to attract investment and expand industrial activity at Al Suwaiq Industrial City.
About this summary

Originally published by Times of Oman in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.