Madayn outlines investment opportunities linked to four industrial cities
Strong growth: Ten investment complexes planned in key locations
Published: 03:12 PM,Dec 18,2021 | EDITED : 07:12 PM,Dec 18,2021
The Public Establishment for Industrial Estates (Madayn) has announced the launch of the ‘Madayn Investment Complexes’ initiative, which offers opportunities for local and foreign companies to invest in the manufacturing and related sectors in the Sultanate of Oman.
“These companies shall develop specialised investment complexes through real estate plans, and the designs shall get approved by Madayn,” said Hilal Hamad al Hasani (pictured), CEO - Madayn. “The developing companies will then promote the industrial and investment units with the facilities for the local and foreign companies to buy or rent these units for immediate operation, following the installation of production lines of the tenant or owner.
Opportunities will be announced shortly with regard to 10 investment complexes planned in Suhar, Al Buraimi, Samayil, and Sur industrial cities across a number of services and sectors, according to the CEO. These include multi industries, food, plastics, and logistics sectors.
“These investment complexes shall support the industrial integration between small and large factories, and contribute to encouraging local and foreign investments towards the complementary industries. This project shall also offer an opportunity for the SMEs to enter the industrial sector through these investment complexes. The SMEs will be able to buy or lease real estate units with small areas that are compatible with their operational and production capacity,” Al Hasani stated.
New Industrial Cities
Madayn is also making headway in the development of a number of new industrial cities. The infrastructure design of Thamrait Industrial City is being finalized while Madayn is currently identifying available investment opportunities for the private sector. An environmental study was also conducted by a specialised environmental consultant and the environmental approval has been obtained from the relevant body.
Located about 9 km away from Thamrait Air Base en route to Marmul, the 4-million sqm area of Thamrait Industrial City will focus on mining industries such as gypsum and limestone industries, in addition to light industries related to building materials like cement products. Thamrait Industrial City will also be home to several support services such as vehicle maintenance workshops, cold and dry storage facilities, a fuel station and truck weigh station. Space has also been allocated for commercial projects such as car showrooms, cafes, rest houses, and workforce accommodation, which will be developed through partnership with the private sector as investment opportunities.
In Al Dhahirah Governorate, Madayn is currently working on the infrastructure works of phase 1 of Ibri Industrial City at a cost of approximately RO 9 million with the goal of developing an area of about 3 million sqm. This includes asphalt roads with a length of more than 18 km, lighting, water and electricity networks, sewage networks, and communication network. The project is in the preparation stage, and a notice of commencement has been issued last October as the infrastructure project has to be delivered in its final form by mid-2023.
Madayn is also in the process of floating a tender for a one-stop shop in Ibri Industrial City, which will comprise a fuel station, hotel, public amenities, restaurants, and auto care services. The tender document is in the review stage and is expected to be floated before the end of this year.
With regard to Mahas Industrial City, Al Hasani said the project has begun with its administrative work in the wilayat of Khasab in Musandam governorate in early October this year to offer services to the factories that are localised in the industrial city, investors and businessmen.
“Located on an area of 1,548,821 sqm, Mahas Industrial City presents competitive incentives to support the economic and social development in the governorate, attract local and regional investments, create job opportunities, and enhance the in-country value of the governorate’s natural resources,” Al Hasani said.
Meanwhile, a tender is due to awarded for the construction of a road and other infrastructure to support the development of a 1 million sqm area within Mahas Industrial City at a cost of approximately RO 6 million.
Madayn has also floated a consultancy services tender for Al Mudhaibi Industrial City, which includes detailed design for a 14 million sqm. It also includes planning of a number of warehouses and identifying 15 viable investment opportunities that depend on the governorate’s natural resources. The tender also covers a study of opportunities related to logistics, industrial, commercial, food, tourism and construction sectors.
Public Private Partnership
In 2019, Madayn commenced its public-private partnership programme by transferring the management of Al Rusayl Industrial City – Oman’s first industrial city -- to Oman Investment and Development Holding Company (Mubadrah). Mubadrah is currently implementing Phase (2A) in Al Rusayl Industrial City at a cost of more than RO 32 million. Moreover, the redevelopment and rehabilitation project of the entrances to Al Rusayl Industrial City and the introduction of new entrances have been completed to solve the difficulties faced by the investors and visitors during their entrance to and exit from Al Rusayl Industrial City.
In addition, the development of logistics project has been completed in Al Rusayl Industrial City at a cost touching RO 1.5 million, where the area has been fully leased and investments are being pumped by the investors to develop the leased lands.
“These companies shall develop specialised investment complexes through real estate plans, and the designs shall get approved by Madayn,” said Hilal Hamad al Hasani (pictured), CEO - Madayn. “The developing companies will then promote the industrial and investment units with the facilities for the local and foreign companies to buy or rent these units for immediate operation, following the installation of production lines of the tenant or owner.
Opportunities will be announced shortly with regard to 10 investment complexes planned in Suhar, Al Buraimi, Samayil, and Sur industrial cities across a number of services and sectors, according to the CEO. These include multi industries, food, plastics, and logistics sectors.
“These investment complexes shall support the industrial integration between small and large factories, and contribute to encouraging local and foreign investments towards the complementary industries. This project shall also offer an opportunity for the SMEs to enter the industrial sector through these investment complexes. The SMEs will be able to buy or lease real estate units with small areas that are compatible with their operational and production capacity,” Al Hasani stated.
New Industrial Cities
Madayn is also making headway in the development of a number of new industrial cities. The infrastructure design of Thamrait Industrial City is being finalized while Madayn is currently identifying available investment opportunities for the private sector. An environmental study was also conducted by a specialised environmental consultant and the environmental approval has been obtained from the relevant body.
Located about 9 km away from Thamrait Air Base en route to Marmul, the 4-million sqm area of Thamrait Industrial City will focus on mining industries such as gypsum and limestone industries, in addition to light industries related to building materials like cement products. Thamrait Industrial City will also be home to several support services such as vehicle maintenance workshops, cold and dry storage facilities, a fuel station and truck weigh station. Space has also been allocated for commercial projects such as car showrooms, cafes, rest houses, and workforce accommodation, which will be developed through partnership with the private sector as investment opportunities.
In Al Dhahirah Governorate, Madayn is currently working on the infrastructure works of phase 1 of Ibri Industrial City at a cost of approximately RO 9 million with the goal of developing an area of about 3 million sqm. This includes asphalt roads with a length of more than 18 km, lighting, water and electricity networks, sewage networks, and communication network. The project is in the preparation stage, and a notice of commencement has been issued last October as the infrastructure project has to be delivered in its final form by mid-2023.
Madayn is also in the process of floating a tender for a one-stop shop in Ibri Industrial City, which will comprise a fuel station, hotel, public amenities, restaurants, and auto care services. The tender document is in the review stage and is expected to be floated before the end of this year.
With regard to Mahas Industrial City, Al Hasani said the project has begun with its administrative work in the wilayat of Khasab in Musandam governorate in early October this year to offer services to the factories that are localised in the industrial city, investors and businessmen.
“Located on an area of 1,548,821 sqm, Mahas Industrial City presents competitive incentives to support the economic and social development in the governorate, attract local and regional investments, create job opportunities, and enhance the in-country value of the governorate’s natural resources,” Al Hasani said.
Meanwhile, a tender is due to awarded for the construction of a road and other infrastructure to support the development of a 1 million sqm area within Mahas Industrial City at a cost of approximately RO 6 million.
Madayn has also floated a consultancy services tender for Al Mudhaibi Industrial City, which includes detailed design for a 14 million sqm. It also includes planning of a number of warehouses and identifying 15 viable investment opportunities that depend on the governorate’s natural resources. The tender also covers a study of opportunities related to logistics, industrial, commercial, food, tourism and construction sectors.
Public Private Partnership
In 2019, Madayn commenced its public-private partnership programme by transferring the management of Al Rusayl Industrial City – Oman’s first industrial city -- to Oman Investment and Development Holding Company (Mubadrah). Mubadrah is currently implementing Phase (2A) in Al Rusayl Industrial City at a cost of more than RO 32 million. Moreover, the redevelopment and rehabilitation project of the entrances to Al Rusayl Industrial City and the introduction of new entrances have been completed to solve the difficulties faced by the investors and visitors during their entrance to and exit from Al Rusayl Industrial City.
In addition, the development of logistics project has been completed in Al Rusayl Industrial City at a cost touching RO 1.5 million, where the area has been fully leased and investments are being pumped by the investors to develop the leased lands.