Total investments at the Sur Industrial City in Oman have surpassed RO2.045 billion ($5.31 billion) until mid-2020, marking a growth rate of 0.67% compared to the same period in 2019.
This was revealed by Eng Abdulqadir bin Salim Al Balushi, Director General of Sur Industrial City during the visit of Dr Saleh bin Said Masan, Undersecretary of the Ministry of Commerce, Industry and Investment Promotion for Commerce and Industry.
“Moreover, the number of workforce at the industrial city increased to 4,111 noting an Omanisation rate of 49%. The total number of localised projects touched 127 by mid-2020, and the total area of Sur Industrial City reached 36,1 million sqm, which makes it the largest industrial city in terms of its area,” he said.
Al Balushi pointed out that Madayn is currently working on boosting the quality of investment environment in Sur Industrial City. A package of investment opportunities was announced to be developed by the private sector, which include the establishment of workforce township, integrated engineering workshop, facility building, and shipyard complex. “We hope these projects will contribute in providing support services to the companies and factories operating in the industrial city,” he pointed out.
A tender has also been floated for the project of developing cluster of Small and Medium Enterprises at a total cost of more than RO12.5 million. The project includes developing an area of 2 million sqm that includes construction of roads and provision of all basic services. The implementation period of this project is estimated to reach 18 months.
Al Balushi also revealed that Sur Industrial City has received a number of investment applications, which are currently under evaluation. These applications are estimated at more than RO1 billion in petrochemical, mining and technology sectors. “We hope these projects will be localised in the coming period to contribute in creating promising job opportunities for the Omanis,” he added.
Masan had visited Sur Industrial City to get acquainted with the current development and investment projects in the industrial city.
Accompanied by Hilal bin Hamad Al Hasani, Chief Executive Officer of the Public Establishment for Industrial Estates – Madayn, Masan visited a number of industrial units at Sur Industrial City and interacted with the investors and business owners on topics related to the production processes, the companies’ requirements, and the support provided by Madayn to overcome the current challenges.
Masan visited Ceramica Al Hael Company, Sunrise Fisheries Company, Al Shorooq Cement Products Company, Khat Al Atqan Trading, Hbal Al Sawary Trading, and Sur Gate project. -- Tradearabia News Service