Sunday 12 / January / 2025
Muscat: The Public Establishment for Industrial Estates (Madayn) saw rapid growth in its digital indicators over the past five years. Testimony to this growth is the successive implementation of many vital projects that directly contributed to strengthening the national economy in line with Oman Vision 2040.
The same period also saw the launch of Madayn’s future vision, titled “Madayn 2040”, through which Madayn seeks to attract foreign and local investments and provide employment opportunities for national cadres.
Eng. Dawood Salim Al Hadabi, CEO of Madayn,said that the cumulative investment volume of Madayn posted a growth of RO 6.6 billion in the beginning of 2020. He pointed out that this growth increased to RO 7.6 billion by the end of the first half of 2024, up by RO 1 billion.
In a statement to Oman News Agency (ONA), Al Hadabi said that Madayn has developed all existing industrial cities and established new industrial cities over the past five years. The aim, he added, was to distribute comprehensive and sustainable development across the various governorates of the Sultanate of Oman and enhance the country’s position as a leading regional hub for converting industries, information and communications technology, innovation and excellence in business initiatives.
Al Hadabi explained that those objectives were envisaged to be realized by attracting industrial investments, developing competitive strategies regionally and globally, establishing advanced infrastructure, providing value-added services and facilitating government operations and procedures.
