Wusta Investment Forum seals R29.6m in deals

MUSCAT, MAY 23
The second edition of the Wusta Investment Opportunities Forum commenced under the auspices of Shaikh Ahmed bin Musallam al Kathiri, Governor of Al Wusta, and was organised by the Ministry of Housing and Urban Planning in cooperation with the Governor’s Office.
The forum aims to highlight promising investment opportunities and strengthen Al Wusta’s position as an emerging economic destination with competitive advantages across key sectors including industry, energy, tourism, logistics, agriculture and aquaculture.
The event comes amid growing development momentum in the governorate, which is considered strategically located and well-positioned to support economic diversification and regional development objectives.
The forum featured panel discussions and working sessions focusing on the investment landscape in Al Wusta Governorate, ongoing projects, and future opportunities. It brought together government officials, private sector representatives, financing institutions and investment stakeholders.
One of the key sessions, titled 'Financing, Empowerment and Investment Support,' discussed financing mechanisms, investment incentives and the role of institutions in supporting entrepreneurs and improving the business environment.
Another session, 'Al Wusta... Promising Economic Horizons,' highlighted the governorate’s development vision and strategic projects driving its investment appeal.
The forum also witnessed the signing of usufruct agreements worth more than RO 29.6 million across multiple sectors, reflecting growing investor confidence in the region.
Among the agreements was an industrial project in Al Jazer valued at RO 5 million, covering 10,000 square metres in cooperation with Al Deham Holding. An agricultural project in Mahout valued at over RO 7.6 million was also signed with Al Ghadeer Dairy, spanning 208 acres.
In addition, infrastructure development agreements worth RO 15 million were signed with Nama Electricity Distribution over more than 12,500 square metres, along with a commercial project in Haima valued at over RO 2 million in partnership with Distinguished Professionals for Oil and Gas.
The forum underscored the importance of public-private partnerships in driving sustainable economic development and strengthening Al Wusta’s competitiveness as a rising investment hub in Oman.