Ibri Industrial City attracts investors
Published: 03:05 PM,May 10,2023 | EDITED : 11:05 PM,May 10,2023
Muscat - The first phase of Ibri Industrial City, the latest addition to the expanding network of manufacturing parks established by the Public Establishment for Industrial Estates (Madayn), is nearing completion in Al Dhahirah Governorate.
Infrastructure work on the new development is around 80 percent complete. Phase 1 will offer around 3 million square metres of land for investment. It will also incorporate roads, as well as water, sewage, rainwater drainage and telecom networks. Further, with 303 solar powered streetlights installed, it will contribute to sustainable energy use.
Eng Nasser al Mabsali (pictured), Director General of Ibri Industrial City, said that the industrial city is currently home to 28 projects on a total area of 270,000 sqm, with a total investment volume exceeding RO 9.7 million.
These projects’ activities vary between construction materials, oil and gas services, food industries, manufacturing industries, as well as warehousing, and service and commercial activities. Some of these localised factories have already commenced production, while others will enter the production and implementation phase in the coming period.
Al Mabsali pointed out that Ibri Industrial City project has contributed to providing opportunities for small and medium enterprises, and job opportunities during 2023. “As new projects and factories begin operations within the industrial city, the number of opportunities available is on the rise,” he added.
Al Mabsali also noted that investors have shown keen interest in taking advantage of Madayn’s incentives, which have been instrumental in attracting diverse types of investments, including a two-year rental exemption for investors followed by a 50% exemption for the subsequent three years.
Madayn has also signed an agreement to establish an integrated station spanning 40,000 sq metres, which will be implemented in phases and will include a fuel station, a rest area, and a facility that provides services to trucks and cars. The project will serve investors in Ibri Industrial City as well as travellers on the road leading to Saudi Arabia.
Infrastructure work on the new development is around 80 percent complete. Phase 1 will offer around 3 million square metres of land for investment. It will also incorporate roads, as well as water, sewage, rainwater drainage and telecom networks. Further, with 303 solar powered streetlights installed, it will contribute to sustainable energy use.
Eng Nasser al Mabsali (pictured), Director General of Ibri Industrial City, said that the industrial city is currently home to 28 projects on a total area of 270,000 sqm, with a total investment volume exceeding RO 9.7 million.
These projects’ activities vary between construction materials, oil and gas services, food industries, manufacturing industries, as well as warehousing, and service and commercial activities. Some of these localised factories have already commenced production, while others will enter the production and implementation phase in the coming period.
Al Mabsali pointed out that Ibri Industrial City project has contributed to providing opportunities for small and medium enterprises, and job opportunities during 2023. “As new projects and factories begin operations within the industrial city, the number of opportunities available is on the rise,” he added.
Al Mabsali also noted that investors have shown keen interest in taking advantage of Madayn’s incentives, which have been instrumental in attracting diverse types of investments, including a two-year rental exemption for investors followed by a 50% exemption for the subsequent three years.
Madayn has also signed an agreement to establish an integrated station spanning 40,000 sq metres, which will be implemented in phases and will include a fuel station, a rest area, and a facility that provides services to trucks and cars. The project will serve investors in Ibri Industrial City as well as travellers on the road leading to Saudi Arabia.