Nizwa Industrial City pulls in RO 474 million worth of investments
Published: 02:08 PM,Aug 18,2024 | EDITED : 06:08 PM,Aug 18,2024
Madayn has completed several vital projects during the first half of 2024, with a focus on sectors such as food production, construction materials, glass, wood, and steel.
NIZWA: Nizwa Industrial City, affiliated with the Public Establishment for Industrial Estates (Madayn), successfully localised four projects during the first half of 2024, with an investment cost exceeding RO 5.5 million. These projects will occupy an area of 67,000 square metres.
Salah bin Nasser al Alawi, Acting Director General of Nizwa Industrial City, stated that the number of projects in the city has reached 173, including 154 operational projects, 13 under construction, and 8 projects for which space has been allocated. Plot occupancy currently stands at 76 per cent of the total developed land area of 3.1 million square metres, out of the total allocation of 7.2 million square metres towards the industrial city.
In a statement to the Oman News Agency, Al Alawi added that the total investment volume in the industrial city reached RO 474 million by the end of the first half of 2024, with the workforce numbering 5,707 workers and a nationalisation rate of 45 per cent.
Madayn has completed several vital projects during the first half of 2024, with a focus on sectors such as food production, construction materials, glass, wood, and steel. The industrial city also hosts many oil and gas companies involved in equipment maintenance and industries related to oil and gas. He noted that the city accommodates a number of small and medium-sized enterprises that provide services to factories and workers.
Al Alawi emphasized that the industrial city is preparing to launch several key industrial projects, including a factory specializing in medical solutions that will contribute to strengthening healthcare services in the Sultanate of Oman.
Salah bin Nasser al Alawi, Acting Director General of Nizwa Industrial City, stated that the number of projects in the city has reached 173, including 154 operational projects, 13 under construction, and 8 projects for which space has been allocated. Plot occupancy currently stands at 76 per cent of the total developed land area of 3.1 million square metres, out of the total allocation of 7.2 million square metres towards the industrial city.
In a statement to the Oman News Agency, Al Alawi added that the total investment volume in the industrial city reached RO 474 million by the end of the first half of 2024, with the workforce numbering 5,707 workers and a nationalisation rate of 45 per cent.
Madayn has completed several vital projects during the first half of 2024, with a focus on sectors such as food production, construction materials, glass, wood, and steel. The industrial city also hosts many oil and gas companies involved in equipment maintenance and industries related to oil and gas. He noted that the city accommodates a number of small and medium-sized enterprises that provide services to factories and workers.
Al Alawi emphasized that the industrial city is preparing to launch several key industrial projects, including a factory specializing in medical solutions that will contribute to strengthening healthcare services in the Sultanate of Oman.