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Oman to witness investments over OMR 700 million in Salalah Free Zone

The Salalah Free Zone has been able to attract economic projects by signing 5 new usufruct agreements, with a total investment amounting to OMR 727 million in the first half of 2023.

TAS News Service

info@thearabianstories.com

Saturday, August 26, 2023

MUSCAT – During the first half of 2023, Salalah Free Zone, affiliated to the Asyad Group, has been able to attract economic projects by signing 5 new usufruct agreements, with a total investment amounting to OMR 727 million in the first half of 2023.

Dr. Ali bin Muhammad Tabuk, CEO of the Salalah Free Zone Company, said that 4he new agreements in the first half of this year include a project to establish a factory for the production of washing powder and detergents, one for the manufacture of ferrous alloys and wrapping paper, and a factory for manufacturing textiles and plastic packaging for health care purposes, in addition to the urea and ammonia production project.

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