SALALAH:The Salalah Free Zone, a key driver of economic growth under Asyad Group, has attracted significant investment, reinforcing its position as a crucial player in Oman’s national development strategy. The zone’s cumulative investment reached over RO 4.6 billion by June 2024, reflecting its growing importance as a regional hub for diverse industries.
Dr Ali bin Mohammed Tabuk, CEO of Salalah Free Zone, stated that the zone’s strategic location and multiple investor incentives have spurred a strong influx of projects. Salalah’s prime positioning offers logistical advantages by reducing time and costs for companies looking to access markets in the Middle East, the Indian subcontinent, and East Africa.
In the first half of 2024 alone, Salalah Free Zone secured RO 68 million in new investments. The number of companies operating in the zone has reached 143, with 64 active projects. Industrial activities dominate the zone’s portfolio, accounting for 57% of total projects, followed by logistics (15%) and commercial ventures (28%).
During the first six months of 2024, the zone attracted 13 new projects, including the production of frankincense-based products, air conditioning manufacturing, textiles, and potassium fertilizer packaging.
The free zone continues to diversify its industrial base with a mix of petrochemical, mineral processing, and manufacturing activities.
Dr Tabuk emphasised the growing range of services provided to investors, including land leasing, warehouses, and office spaces. Salalah Free Zone also facilitates streamlined procedures for permits, visas, and registrations through the "Invest Easy" system, offering investors a seamless business environment.
As part of the Asyad Group’s network of free and economic zones, Salalah Free Zone plays a pivotal role in attracting foreign direct investment (FDI). Its integrated logistics solutions, proximity to the Port of Salalah, and state-of-the-art supply chain infrastructure make it an ideal destination for global investors looking to expand into regional and international markets.
Oman Observer is now on the WhatsApp channel. Click here
