Investment surge at Raysut Industrial City in H1 2024
Published: 03:08 PM,Aug 19,2024 | EDITED : 07:08 PM,Aug 19,2024
Hamed Ali Bait Saeed, Director of the Investor Services Department, Raysut Industrial City
MUSCAT: Raysut Industrial City, in Dhofar Governorate, has experienced a significant surge in investment during the first half of 2024, with land utilisation reaching an impressive 98 per cent, according to Hamed Ali Bait Saeed, Director of the Investor Services Department.
Speaking at the Dhofar Forum 2024, Bait Saeed revealed that 27 investment applications were received, resulting in eight new projects with a combined investment exceeding RO 43 million.
The industrial city, strategically positioned near the Port of Salalah and Salalah International Airport, has become a magnet for diverse projects spanning food, pharmaceuticals, cement products, steel, wood, plastics, cables, organic fertilisers, and petrochemicals. The total investment in Raysut Industrial City now surpasses RO 500 million, covering approximately 200 projects in various stages, including operational, under construction, and planned ventures.
Raysut Industrial City’s advantageous location enhances its appeal to investors, given its proximity to key global markets such as the Horn of Africa, Asia, India, and Yemen. The Port of Salalah plays a pivotal role in driving economic activity and attracting investments to the Dhofar Governorate and beyond, reinforcing the city's status as a premier investment hub in the region.
Since its establishment in 1992 under the Public Establishment for Industrial Estates (Madayn), Raysut Industrial City has leveraged its strategic location just 4 kilometres from the Port of Salalah and 15 kilometres from Salalah International Airport to attract a wide range of investments, particularly in the food and pharmaceutical sectors, while continuing to expand across other industries.
Speaking at the Dhofar Forum 2024, Bait Saeed revealed that 27 investment applications were received, resulting in eight new projects with a combined investment exceeding RO 43 million.
The industrial city, strategically positioned near the Port of Salalah and Salalah International Airport, has become a magnet for diverse projects spanning food, pharmaceuticals, cement products, steel, wood, plastics, cables, organic fertilisers, and petrochemicals. The total investment in Raysut Industrial City now surpasses RO 500 million, covering approximately 200 projects in various stages, including operational, under construction, and planned ventures.
Raysut Industrial City’s advantageous location enhances its appeal to investors, given its proximity to key global markets such as the Horn of Africa, Asia, India, and Yemen. The Port of Salalah plays a pivotal role in driving economic activity and attracting investments to the Dhofar Governorate and beyond, reinforcing the city's status as a premier investment hub in the region.
Since its establishment in 1992 under the Public Establishment for Industrial Estates (Madayn), Raysut Industrial City has leveraged its strategic location just 4 kilometres from the Port of Salalah and 15 kilometres from Salalah International Airport to attract a wide range of investments, particularly in the food and pharmaceutical sectors, while continuing to expand across other industries.