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Suhar Industrial City attracts investments worth RO 44 million


SUHAR: Suhar Industrial City, an affiliate of Public Establishment for Industrial Estates (Madayn), witnessed a remarkable activity in the investment movement and growth in a number of its digital indicators during Q1 2023, receiving 24 investment applications, 16 of which were signed in various industrial, service and commercial activities with an investment volume of RO 44 million.

The total number of projects in the industrial city, with a total land area of 30 million sqm, reached 375 projects, with a total investment volume of RO 2.2 billion, employing 13,828 employees, with an Omanisation rate of 41.7 per cent.

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Eng Abdullah bin Ahmed al Mayasi, Director General of Suhar Industrial City, said, "Madayn has made great strides in completing the project to develop the seventh phase of the industrial city, with the completion rate reaching 95 per cent. The project includes a 32-kilometre road network equipped with lighting poles and a drinking water network and drainage system, in addition to a wastewater treatment plant with a capacity of 2,000 cubic metres, a rainwater drainage network, a flood wall, an irrigation network and two reservoirs to supply water with a total capacity of 2,700 cubic metres.

He explained that Madayn had tendered a draft phase study and assessment (1-6) on the study and evaluation of existing infrastructure and the development of plans for the treatment and development of services provided in phases 1 to 6 on an area exceeding 18 million square meters. In addition, the implementation of the security gates project is aimed at improving the efficiency of loading and unloading operations and supply chains through control and monitor of the entry and exit of trucks into and out of the city.

With regard to the "plastics complex" project, he noted that the project had begun to attract one of the bags manufacturing projects, including polyethylene bags and plastic with an investment size of up to RO 2 million on an area of 12,000 sqm. The Industrial City, in collaboration with OQ Group, has worked to market the project externally by organizing visits to major plastic manufacturers in various countries of the world and providing several incentives and concessions to invest in the project.

The Director General of Suhar Industrial City added that the city plans during the next phase to establish a solar cell plant with a capacity of 86 megawatts as a first stage, to keep pace with the global transformation of clean energy and to contribute to achieving zero carbon neutrality for the Oman 2050. The project is expected to be completed in Q1 of 2025.

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