Al Suwaiq: The Public Establishment for Industrial Estates (Madayn) organised on Wednesday the second introductory meeting for a number of investors and business owners regarding investment opportunities in Al Suwaiq Industrial City.
The meeting aimed to highlight the city's capabilities as one of the modern industrial cities developed by Madayn in North Al Batinah Governorate to enhance the attractiveness of the investment environment in the Sultanate of Oman and support economic diversification efforts by providing integrated infrastructure that meets the needs of industrial, logistical, and service investments.
During the meeting, Munther Ali Al Nasri, Acting Director General of Al Suwaiq Industrial City, pointed out that the city succeeded during the current year in attracting new investment projects with investments exceeding OMR1.4 million, across leased areas exceeding 80,000 square metres, bringing the total cumulative investments in the city to over OMR2 million, while total leased areas exceeded 90,000 square metres.
He stated that the new projects encompass various industrial activities, including the production of polyethylene, refining of industrial oils, modification of polymers for bitumen, and manufacturing of ceramic tiles.
He explained that the city's management is currently evaluating a number of investment applications across diverse sectors, including the manufacturing of electric motors and generators, production of carbonated and soft drinks, and the manufacturing of cosmetics and hand and foot care products, noting that these applications reflect growing investor interest in available opportunities within the city.
Eng. Abdullah Mohammed Al Farsi affirmed that Madayn is working in coordination with relevant authorities in both the public and private sectors to accelerate the provision of basic services for Al Suwaiq Industrial City and facilitate investment-related procedures, alongside intensifying promotional and awareness efforts regarding available investment opportunities and advantages. These efforts fall within the city's direction toward attracting value-added industrial projects, diversifying its industrial activities, and boosting the industrial sector's contribution to the local economy, in addition to creating new opportunities for small and medium enterprises (SMEs) and developing supply chains and supporting services for the industrial sector.
He added that Al Suwaiq Industrial City enjoys a strategic location in the Sultanate of Oman that provides easy access to main transportation networks, population centres, regional markets, and export outlets, as its strategic location contributes to elevating supply chain efficiency, facilitating commercial operations, and supporting the growth of the industrial sector.
Al Suwaiq Industrial City, which covers a total allocated area of approximately 12.2 million square metres, represents a qualitative addition to the system of industrial cities in the Sultanate of Oman, where Madayn is undertaking the development of Phase One over an area estimated at nearly 1.3 million square metres. The city is expected to contribute to attracting investments and boosting economic opportunities through its competitive incentives and advanced infrastructure, supporting the creation of direct and indirect job opportunities for citizens and enabling entrepreneurs to establish innovative projects, alongside its role in diversifying income sources and raising non-oil revenues for the national economy.