Friday, February 23, 2024 | Sha'ban 12, 1445 H
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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Total investments in Madayn reach RO 7.4 billion

Dawood bin Salim al Hadabi, CEO of Madayn.
Dawood bin Salim al Hadabi, CEO of Madayn.
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MUSCAT: More than RO 7.4 billion is the total investment in all industrial cities under the Public Establishment for Industrial Estates (Madayn). Dawood bin Salim al Hadabi, the CEO of Madayn, stated that the celebration of Omani Industry Day this year aligns with the continuous growth and expansion of Madayn in various indicators. This growth is attributed to the esteemed attention of His Majesty Sultan Haitham bin Tarik, who aims to provide a suitable investment environment for local and foreign investments in line with the goals of Oman Vision 2040.


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Al Hadabi mentioned that the additional investment in Madayn during 2023 exceeded RO 207 million, bringing the total investment in all industrial cities, including Muscat and Al Mazyunah Free Zone, to more than RO 7.4 billion. The number of established projects reached 2,063 in different stages, employing 55,242 workers, with 38% being Omani nationals, while the total area of Madayn industrial cities reached about 163.2 million square metres, with 33.6 million square metres already leased.


He highlighted the Madayn Residential Complexes project, a new value-added initiative in collaboration with the Small and Medium Enterprises Development Authority, to support entrepreneurial ideas and small and medium enterprises (SMEs) in Oman. The project aims to provide ready-to-use model factory complexes in industrial cities to enable the industrial sector and attract more investments.


Additionally, Al Hadabi emphasized the importance of digital transformation, aligning with the national vision and the general framework of the unified government digital transformation program. Madayn has made significant progress in this aspect, achieving a 74% readiness level in the government digital transformation program, reflecting the success of its efforts.


Madayn continually works on improving investor services across its industrial cities by streamlining procedures. The Masar service centres aim to enhance the services and relationships with partners, providing integrated services and accurate statistical data for investors. These centers received over 60,000 visits in 2023, providing more than 55,000 diverse services with an average processing time of 3 minutes. Furthermore, a new interactive system for receiving and responding to inquiries is being developed to enhance efficiency and responsiveness using modern technologies.


The introduction of the Madayn electronic management system significantly improved administrative and financial operations, replacing multiple previous systems. Other digital initiatives include the "Masar for Investors" platform, which offers various services for investors, and the "My Services" platform, providing internal services for employees. Additionally, advanced technological systems are implemented for gate management, environmental safety, and occupational health. The aim is to create an eco-friendly and safe working environment by promoting environmental awareness and achieving zero carbon emissions in industrial areas.


Madayn focuses on sustainable development through waste management, marine pollution prevention, air pollution control, noise reduction, safe handling of chemicals, hazardous waste storage, building demolition, land pollution control, and efficient water and energy consumption. — ONA


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