
Al Suwaiq: Project site construction works are in full swing at Al Suwaiq Industrial City, with investors spearheading the launch of the industrial city deemed an attractive business destination in North Al Batinah Governorate.
This reflects the growing industrial activity in the city, enhances its appeal as an ideal investment destination in North Al Batinah Governorate, and supports economic diversification and local added value objectives.
Munthir bin Ali Al Nasri, Acting Director General of Al Suwaiq Industrial City, said in a statement that Al Suwaiq Industrial City has so far attracted investment projects worth more than OMR1.4 million, with the total leased area so for exceeding 80,000 square metres. This, he observed, brings the cumulative total investment in the industrial city to more than OMR2 million and the overall leased area to 90,000 square metres.
The projects being set up at Al Suwaiq Industrial City cover a variety of sectors, including polyethylene production, industrial oil refining, bitumen polymer modification and the the manufacturing of ceramic tiles.
Al Suwaiq Industrial City occupies a total area of 12.2 million square metres. The first phase of the industrial city (1.3 million square metres) will be developed by the Public Establishment for Industrial Estates (Madayn), ushering in a new milestone to the system of industrial cities in the Sultanate of Oman.
Al Suwaiq Industrial City boasts a wide range of investment opportunities, competitive incentives and advanced infrastructure.
He also noted that the management of Al Suwaiq Industrial City is working closely with relevant partners in the public and private sectors to accelerate the provision of essential services to the city and its investors, explore ways to attract investments and facilitate procedures, and organise promotional events to highlight the available investment opportunities and incentives offered to investors.
“These efforts aim to attract value-added industrial projects, broaden the city’s industrial activities and boost the sector’s contribution to the national economy, while creating new opportunities for the SMEs and supporting supply chains and services associated with the industrial sector,” Al Nasseri pointed out.
Al Suwaiq Industrial City represents a significant addition to the Sultanate’s network of industrial cities, with a range of investment opportunities, competitive incentives and advanced infrastructure planned for the city. The city is expected to generate direct and indirect job opportunities for the Omanis, empower the entrepreneurs to launch innovative projects, and contribute to increasing non-oil revenues.
Madayn has also developed studies to identify investment opportunities aligned with the economic diversification strategy and Oman Vision 2040. Targeted sectors include petrochemicals, food industries and modern agriculture, energy and supporting technologies, recycling and environmental industries, light and medium industries, pharmaceuticals, technology and innovation, heavy industries, and logistics.