MUSCAT: Oman signed 28 investment agreements worth more than RO 304 million on Wednesday for new industrial, manufacturing, food processing, logistics and commercial projects across its special economic zones, free zones and industrial cities, covering a combined area exceeding two square kilometres.
The largest share, valued at RO 147.6 million, was secured by industrial cities operated by the Public Establishment for Industrial Estates (Madayn), notably a RO 112 million iron and steel products plant in Sohar Industrial City.
Other investments comprise RO 58.5 million in Sohar Freezone, RO 55.08 million in the Special Economic Zone at Duqm, RO 32.95 million in Salalah Free Zone and over RO 10.4 million in Khazaen Economic City. The ceremony also marked the launch of Khazaen's free zone through its first two investment agreements.
Qais bin Mohammed al Yousef, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ), said the investments would expand industrial activity, create employment, support food security and strengthen Oman's integration into global supply chains, in line with Oman Vision 2040.
He reaffirmed OPAZ's commitment to regulatory clarity, efficient investor services and leveraging the Sultanate's infrastructure and international market connectivity.
Seven agreements covering 756,802 square metres were signed for Madayn's industrial cities.
In Sohar, Atlas Steel will develop a RO 112 million iron and steel products plant, while Fujian Mansheng Industries and Investment will establish a RO 20 million ceramics facility.
Raysut Industrial City attracted a RO 7 million fertiliser plant by Gulf Organic and Biological Fertilisers and a RO 750,000 structural metal products project by Sahm Samhan Trading and Contracting.
National Paper Investment will establish a RO 500,000 paper products facility in Ibri, while Nizwa secured two oilfield equipment manufacturing and maintenance projects worth RO 7 million collectively.
Madayn CEO Daoud bin Salim al Hadabi said the investments would strengthen domestic supply chains, support SMEs and generate employment opportunities.
Five agreements worth RO 58.5 million were signed in Sohar Freezone, led by a RO 38 million Oman Automobile Assembly Complex spanning 317,000 square metres.
Voltamp High Voltage Transformers will establish a RO 15 million transformer manufacturing plant, while Lalan Middle East will expand its medical equipment factory. Two logistics projects complete the package.
Six agreements worth RO 55.08 million were signed in Duqm, including a RO 40 million shrimp-feed factory by Al Jazer Feed.
Other projects encompass livestock quarantine, fish canning, tuna and squid processing, used-oil recycling and mixed-use property development.
Three agreements worth RO 32.95 million include a RO 19.25 million steel structures plant by Al Nawras Industries, a RO 7.7 million gypsum products facility by Integrated Gypsum and a RO 6 million dairy processing project by Dhofar Pastures.
Seven agreements exceeding RO 10.4 million include a RO 3.4 million electric vehicle charger manufacturing plant, a RO 2.5 million precast concrete facility and investments in construction materials, warehousing and industrial units.
OPAZ officials said the projects would enhance industrial diversification, local value addition and integration between manufacturing, logistics and supporting services.
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