MUSCAT: Al Mazunah Free Zone, which pertains to the Public Establishment for Industrial Estates – Madayn, has announced the activation of electronic payment service using Eddah System (Bailment) for the companies and bodies operating at the free zone. Said bin Abdullah Al Balushi, Director General of Al Mazunah Free Zone, informed that the service is now available to the companies and bodies dealing with the free zone through the Eddah System to finalise all of the transactions related to remote logistics services.
“This will greatly contribute in accelerating the completion of these transactions and facilitating commercial operations in the free zone,” Al Balushi said, adding: “The transactions can now be completed from any location without the need of approaching the concerned department at the free zone. Besides, the activation of this particular service comes in coincidence with a number of key projects at Al Mazunah Free Zone such as the launch of operations at the Mazunah Dry Port and the construction of Facility Building at the free zone, which will present integrated services and facilities required by investors, business owners and clients under one platform.”
Eddah System of Al Mazunah Free Zone represents an electronic system that incorporates the application of all rules and regulations related to operational controls in the free zone and entry of investors’ data as well as information related to the entry/exit of goods to and from the free zone. This system targets investors based in Al Mazunah Free Zone, investors from outside the free zone, clearance companies, shipping companies, employees at the free zone, and visitors to the free zone.
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It is worthwhile to mention that Al Mazunah Free Zone has witnessed notable growth during the first half of 2020. The total value of incoming goods to the free zone amounted to RO 334,378,910 by end of June this year compared to RO 143,460,165 during the same period in 2019, marking a growth rate that exceeds 133 per cent. Moreover, the volume of incoming goods to the free zone increased to 210,160 tons during the first half of 2020 compared to 129,170 tons during the same period in 2019, noting a growth rate of more than 62 per cent. Furthermore, the total number of incoming vehicles to the free zone touched 19,384 during the first half of 2020 in comparison to 945 during the same period in 2019, recording a growth rate that exceeds 1,951 per cent.
