Muscat – This growth reflects the organization’s continued efforts to strengthen Oman’s national economy and align with the country’s Vision 2040 objectives.

The same period also witnessed the launch of Madayn’s future vision – Madayn 2040 – through which it seeks to attract foreign and local investments and provide job opportunities for national cadres.
Eng. Dawood bin Salem Al Hadabi, CEO of Madayn, highlighted that the investment volume rose from RO 6.6 billion in early 2020 to RO 7.6 billion by mid-2024. This increase is attributed to the successful launch of numerous vital projects aimed at boosting Oman’s industrial sector and enhancing its economic sustainability.

The projects implemented in recent years have contributed significantly to advancing Oman’s position as a regional leader in manufacturing, information and communications technology, innovation, and business excellence.

Key developments over the past five years include the establishment of new industrial cities and the expansion of existing ones. Notable projects include the opening of Ibri Industrial City in February 2024, located in Al Dhahirah Governorate, and the ongoing construction of Mahas Industrial City in Musandam Governorate. These cities are designed to foster growth in various industrial sectors, such as food production, construction materials, and logistics services. Additionally, Madayn has made significant progress in developing the Suwaiq Industrial City in North Al Batinah and the Al Mudhaibi Industrial City in North Al Sharqiyah, with further plans for the Thumrait Industrial City in Dhofar Governorate.
Madayn has also invested in upgrading infrastructure in existing industrial cities, including the Sohar Industrial City, Nizwa Industrial City, Sur Industrial City, and Al Buraimi Industrial City. Projects such as the expansion of Knowledge Oasis Muscat and the development of the Samail Industrial City further bolster the infrastructure, ensuring a favourable environment for investment.

As part of its broader strategy, Madayn established the ‘Masar’ Service Center in 2020, a centralised hub designed to streamline investment procedures for entrepreneurs. This initiative aims to simplify licensing, permitting, and approval processes, making it easier for investors to launch projects in Oman.
In addition, Madayn has focused on fostering innovation through its Industrial Innovation Academy and collaborative programs such as the Ladayn Polymer Park in Suhar Industrial City. In partnership with OQ Group and other stakeholders, this initiative has successfully localised 16 projects in the plastic industry, with investments totalling more than USD 150 million.

Madayn’s strategic initiatives and infrastructure projects reflect its commitment to creating a robust, diversified economy in line with Oman’s Vision 2040, ensuring sustainable growth and job creation across the Sultanate.