Muscat: Munther bin Ali Al Nasiri, Acting Director General of Al Suwaiq Industrial City, said the city has attracted several new projects across multiple industrial sectors during the current year, with investments exceeding RO 1.4 million and a total leased area of more than 80,000 square metres.
The latest additions have pushed the industrial city’s cumulative investment value beyond RO 2 million, while the total leased area has reached around 90,000 square metres.
The projects cover a diverse range of activities, including the production of polyethylene, refining of industrial oils, modification of polymers for bitumen and the manufacture of ceramic tiles.
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Al Nasiri said the management of Al Suwaiq Industrial City continues to work with relevant public and private sector partners to accelerate the delivery of essential services to the city and its investors.
Efforts are also focused on attracting further investments, facilitating procedures and organising awareness initiatives highlighting the investment opportunities and incentives available in the industrial city.
He said the measures form part of Al Suwaiq Industrial City’s broader strategy to attract value-added industrial projects, diversify industrial activities and strengthen the sector’s contribution to the local economy.
The development is also expected to create fresh opportunities for small and medium enterprises, while supporting industrial supply chains and related services.
Meanwhile, the Public Establishment for Industrial Estates, Madayn, is studying a number of additional investment applications received recently.
The proposed projects span industries including the manufacture of multi-purpose electric motors and generators, soft and non-alcoholic beverages, and cosmetics, reflecting growing investor interest in the facilities and services offered by Al Suwaiq Industrial City.
The industrial city has been allocated a total area of 12.2 million square metres, of which Madayn plans to develop 1.3 million square metres in the first phase.
