Muscat: The Salalah Free Zone marked the opening of three new factories with a total investment value of RO23.4 million, in the presence of Dr. Mahad bin Saeed Baawain, Minister of Labour, and Dr. Ali bin Masoud al Sunaidi, Chairman of the Public Authority for Special Economic Zones and Free ZonesAuthority for Special Economic Zones and Zones.
During the opening ceremony, the Salalah Free Zone, which is operated by Asyad Group, revealed an investment worth RO9.6 million in a specialized factory for integrated foods, which is an Omani-Yemeni project.
An investment worth RO10 million was also announced for the first phase in the Al Namariq Mining Company factory, which is a joint Omani-Iraqi investment and specializes in the production of quicklime (calcium oxide).
In addition, RO3.8 million will be invested to establish the Trans-Gulf Summit Manufacturing Company by an investor from the Republic of Pakistan. The company works in the field of manufacturing and packaging of fabrics and plastic materials to meet the needs of local and regional markets and various sectors such as the health care and food and beverage sectors.
Dr. Ali bin Muhammad Tabuk, CEO of Salalah Free Zone, said, "We are proud of the strategic partnerships that have been formed with Yemen, Iraq, and Pakistan to establish these modern factories, which will contribute to enhancing manufacturing capabilities and enhancing added value in the Sultanate of Oman."
In 2023, the Salalah Free Zone was able to attract projects with a total investment volume estimated at RO728 million, and the area of leased land in the region is about 1.2 million square meters. The number of cumulative agreements in the Salalah Free Zone is 129, with a total cumulative investment volume exceeding RO4.5 billion.
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