Sohar Industrial City achieves RO 75 million in new investments
Published: 05:11 PM,Nov 30,2024 | EDITED : 09:11 PM,Nov 30,2024
By the end of Q3 2024, the city recorded 27 new projects.
SUHAR: Sohar Industrial City, a key hub under the Public Establishment for Industrial Estates (Madayn), has emerged as a leader in attracting new investments and projects. By the end of Q3 2024, the city recorded 27 new projects with a combined investment of RO 75 million and a total area of 400,000 square metres.
Eng Abdullah bin Ahmed al Mayasi, Director-General of Sohar Industrial City, highlighted that the city’s cumulative investment volume has exceeded RO 2.3 billion, supporting 395 projects and providing employment for over 14,000 workers.
The seventh phase of infrastructure development was completed earlier this year, with investments exceeding RO 20 million. Additionally, consultancy contracts were awarded for upgrading infrastructure in phases one through six, with completion expected by mid-2025.
Significant developments include agreements for 11 projects in the Ladayn Complex for Plastic Industries, with an investment of over RO 30 million. The complex has utilised approximately 15% of its allocated area.
Efforts are also underway to establish an aluminium economic cluster. Initial consultations with stakeholders have identified challenges and opportunities, with subsequent phases focusing on environmental studies and marketing promising projects.
Sohar Industrial City continues to play a pivotal role in Oman’s industrial diversification strategy, contributing significantly to the national economy while attracting global investors and fostering innovation in key sectors. — ONA
Eng Abdullah bin Ahmed al Mayasi, Director-General of Sohar Industrial City, highlighted that the city’s cumulative investment volume has exceeded RO 2.3 billion, supporting 395 projects and providing employment for over 14,000 workers.
The seventh phase of infrastructure development was completed earlier this year, with investments exceeding RO 20 million. Additionally, consultancy contracts were awarded for upgrading infrastructure in phases one through six, with completion expected by mid-2025.
Significant developments include agreements for 11 projects in the Ladayn Complex for Plastic Industries, with an investment of over RO 30 million. The complex has utilised approximately 15% of its allocated area.
Efforts are also underway to establish an aluminium economic cluster. Initial consultations with stakeholders have identified challenges and opportunities, with subsequent phases focusing on environmental studies and marketing promising projects.
Sohar Industrial City continues to play a pivotal role in Oman’s industrial diversification strategy, contributing significantly to the national economy while attracting global investors and fostering innovation in key sectors. — ONA