MUSCAT : The Board of Directors of the Public Authority for Special Economic Zones and Free Zones (OPAZ) held its third meeting of 2026 on Thursday under the chairmanship of Qais Mohammed Al Yousef, Chairman of the Board.
The meeting reviewed a range of strategic and regulatory matters aimed at strengthening the performance and governance of Oman’s economic zones and industrial estates.
Among the key items discussed were preliminary directives related to the corporate governance framework of the Public Establishment for Industrial Estates (Madayn) and the Special Economic Zone at Duqm (SEZAD). The Board also examined the draft executive regulation of the Special Economic Zones and Free Zones Law.
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In matters concerning Madayn, the Board approved updates to the Madayn Vision 2040 and endorsed the organisation’s phased development plan for the 2026–2030 period. The updates are aligned with OPAZ’s objectives of enhancing institutional integration, improving operational performance, and defining strategic priorities to support sustainable economic growth.
The Board further reviewed progress on the restructuring project of Mubadrah Company’s subsidiaries and assessed its implementation status.
As part of Oman’s sustainability agenda, members received a presentation on the National Net Zero Strategy 2050, which outlined key targets and implementation plans aimed at reducing carbon emissions and supporting the Sultanate’s long-term environmental commitments.
The Board also reviewed the findings of a study assessing the current state of media operations within OPAZ. Discussions focused on recommendations to enhance media performance, strengthen corporate communications, and improve stakeholder engagement.
In addition, the Board examined the Authority’s communication and media strategy roadmap, including key messaging pillars, performance indicators, and governance mechanisms that will guide media and communication efforts during the next phase of development.
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