SUHAR: Al Batinah North Governorate is emerging as a hub for investment and economic activity, with 26 new investment opportunities announced across sectors including industry, food security, petrochemicals and minerals.
The Directorate-General of Commerce, Industry and Investment Promotion revealed that these opportunities, valued at RO 83.480 million, come with detailed feasibility studies and are open to both local and foreign investors.
The governorate’s investment appeal is reflected in a 183-per cent surge in foreign commercial registrations during the first half of 2024, reaching 1,254 compared to 442 in the same period last year. Total commercial registrations also rose 25 per cent to 2,624.
“The governorate offers an environment conducive to investment, supported by robust infrastructure and government incentives,” said Ali bin Khalfan al Ghaithi, Director-General of the Directorate.
Al Batinah North also processed over 112,000 commercial and industrial transactions in the first half of 2024, with 92,025 completed via the Oman Business Platform. Industrial licence applications soared by 85.2 per cent, reflecting a total invested capital of RO 1.7 billion.
With its strategic location and industrial zones, Al Batinah North Governorate continues to attract domestic and international investors, solidifying its position as a key player in Oman’s economic diversification. — ONA
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