Muscat: Salalah Free Zone, a subsidiary of the Asyad Group, has emerged as a thriving hub of economic activity, drawing in key sectors and contributing significantly to both the local and national economy. The zone’s strategic geographical location and host of incentives have made it a magnet for investors from across the globe.

Dr. Ali bin Mohammed Tabuk, CEO of Salalah Free Zone, highlighted the zone’s growing appeal, stating that it offers unparalleled advantages. “Salalah’s location shortens distances, reduces costs, and provides swift access to markets in the Middle East, the Indian subcontinent, and East Africa,” said Dr. Tabuk.

By the end of June 2024, the cumulative investment in Salalah Free Zone had exceeded RO 4.6 billion, with RO 68 million invested in just the first half of the year. The zone currently hosts 143 companies, with 64 active projects. The majority of these—57%—are industrial ventures, while logistics and commercial projects make up 15% and 28% respectively.

Dr. Tabuk also pointed out that 13 new projects were attracted in the first half of 2024, spanning sectors such as frankincense derivatives, packaging, air conditioning manufacturing, textiles, and potassium fertilizers.

Thanks to its proximity to the Port of Salalah, the zone is home to diverse industries including petrochemicals, mineral processing, food and pharmaceutical production, logistics, and warehousing. Investors benefit from streamlined services like land leasing, one-stop permitting, and comprehensive logistics solutions, ensuring a smooth path to international markets.