More avenues for investment in 10 complexes in four industrial cities in Oman

More avenues for investment in 10 complexes in four industrial cities in Oman

The project, set up by Madayn, the Public Establishment for Industrial Estates, enables investing companies to develop specialised industrial estate complexes, which can be built once approved by Madayn. Muscat: Local and foreign companies can invest in Oman's industrial and allied sectors, following the launch of the Madayn Investment Complexes Project. The project, set up by Madayn, the Public Establishment for Industrial Estates, enables investing companies to develop specialised industrial estate complexes, which can be built once approved by Madayn. Companies that develop these investment complexes can then promote them to local and foreign investors to buy or rent, so that they can begin operations immediately, explained Hilal bin Hamad Al Hasani, Madayn Chief Executive Officer. Development opportunities will be announced for 10 investment complexes in Sohar, Al Buraimi, Samail, and Sur industrial cities in a variety of sectors. The activities of the investment complexes will represent a variety of sectors including multi-industries, food, plastic, and logistics industries. "These investment complexes shall support the industrial integration between small and large factories, and contribute to encouraging local and foreign investments towards the complementary industries," said Al Hasani. "This project shall also offer an opportunity for the SMEs to enter the industrial