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Total volume of investments in Sohar Industrial City reaches RO 43 million

Sohar Industrial City, affiliated to the Public Establishment for Industrial Estates (Madayn), has succeeded in localizing 22 projects during the first half of 2024, with a total investment volume exceeding RO 43 million.

Oman News Agency

info@thearabianstories.com

Wednesday, August 7, 2024

MUSCAT : Eng. Abdullah bin Ahmed Al Mayasi, Director General of Sohar Industrial City, stated that Madayn had completed 100 percent of the infrastructure project for the seventh phase of Sohar Industrial City during the first half of this year. The consultancy studies of the project for the complementary and improvement works for phases 1-6 has also been awarded.



He pointed out that the project consists of two parts: the first – “improvement” – aims to enhance the services provided to investors, and the second – “development” – intends to improve the parts that were not included in the development in previous project.

He explained that Sohar Industrial City was able to attract 4 projects in the plastic industries complex ‘Ladin’ during the first half of 2024, with an investment volume of up to RO 21 million.

These projects are being implemented in the complex on an area exceeding 53,000 square meters.
‘Ladin’ is one of the most important strategic projects in Sohar Industrial City, as it aims to achieve self-sufficiency in plastic products in the Sultanate of Oman, and consolidate its position on the global stage.
It contributes to supporting the local industrial sector with new products with added value, which opens up horizons for developing other similar industries, localizing specialized plastic industries, employing modern technology in this sector, and providing possible incentives for investors and an attractive investment environment at the local and international levels.


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