New joint stock firm to invest in Oman’s Al Dhahirah

New joint stock firm to invest in Oman’s Al Dhahirah

MUSCAT - A new joint stock company, dedicated to supporting investment and economic development in Al Dhahirah Governorate, marked its formal establishment on Thursday with a series of agreements that underscore the potential of this strategically important governorate located in the west of Oman.

Al Dhahirah International Development and Investment Company SAOC (Aldhahirah) was founded last year by a diversified base of financially strong and well-reputed shareholders from Al Dhahirah Governorate.

The closely held joint stock company seeks to support sustainable investments in various sectors of the economy with a focus on energy, logistics, mining, construction, agriculture and tourism.

On Thursday, January 18, Aldhahirah celebrated the inauguration of its office in Muscat in the presence of a number of prominent government and business dignitaries. The inauguration was held under the auspices of Abdulsalam al Murshidi, President of Oman Investment Authority (OIA).

Following the opening, a number of MoUs were signed, effectively heralding the start of Aldhahirah’s commercial operations. One such agreement was signed by Aldhahirah Chairman Abdulrehman al Yahyaei with the Public Authority for Special Economic Zones and Free Zones (OPAZ), represented by Eng Ahmed al Dheeb, Deputy Chairman.

“The partnership concerns establishing, developing, and operating a dedicated integrated station for truck services near the