Friday, March 24, 2023 | Ramadan 1, 1444 H
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Move to establish Madayn Industrial Innovation Academy


MUSCAT: The Public Establishment for Industrial Estates (Madayn) has decided to merge the Industrial Innovation Centre, National Business Centre and Madayn Industrial Academy into one entity, branded as ‘Madayn Industrial Innovation Academy’. The decision came at a meeting of Madayn’s Board of Directors chaired by Dr Saleh bin Said Masan, Under-Secretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry, and Chairman of Madayn's Board of Directors.

The move is in line with efforts to streamline Madayn’s organisational structure, rationalise operating expenses, explore and study value-added investment opportunities in various sectors, enhance the performance of factories based in Madayn’s industrial cities, optimise the efficiency of national capabilities through training efforts, and provide consultancy services to Madayn and its companies.

Madayn Industrial Innovation Academy focuses on three pillars: namely local content and opportunity development; industrial incubators and innovation; and training and rehabilitation. To elaborate, the local content and opportunity development path concentrates on studying existing supply chain management in various economic sectors, developing associated investment opportunities, and providing enablers that contribute to better achieve the expected outcome such as offtake agreements and any other enablers required by the projects.

The industrial enterprises resulting from the first pillar will qualify to the second path and be localised/incubated, and the existing industries will be improved and developed by focusing on the innovation aspect. Being the key incubator for the Omani industries, Madayn plays a significant role in providing the necessary support to the industries to contribute to their advancement.

The third pillar, which focuses on training, rehabilitation and consultancy studies, shall provide training opportunities to the national cadres to benefit from the investment opportunities resulting from the local content. This pillar also takes into account the significance of providing consultancy services to Madayn and its companies to achieve strategic partnership between the Academy and Oman Vision 2040 Implementation Follow-up Unit.

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