MUSCAT — Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) will expand its mandate beyond attracting investment to building a fully integrated ecosystem that strengthens investor access to global markets, a senior official said on Monday.
His Excellency Qais Al Yousef, Chairman of OPAZ, told a media briefing that the authority’s role is not limited to drawing industrial projects but also focused on developing a comprehensive environment that enhances competitiveness and connectivity.
“The Authority’s mandate extends beyond attracting investments and industrial projects. It is centered on establishing a fully integrated ecosystem that empowers investors to access global markets, leverage advanced infrastructure, and capitalize on a comprehensive suite of competitive incentives and strategic advantages,” he said.
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Al Yousef reaffirmed the authority’s commitment to closer integration with economic, free and industrial zones across the Sultanate, underscoring efforts to further develop these areas and strengthen their contribution to the national economy.
He said the zones operate under the guidance of His Majesty Sultan Haitham bin Tarik as part of broader efforts to advance economic diversification and reinforce Oman’s position as a regional investment hub.
