Investments at Nizwa Industrial City reach OMR470mn

Investments at Nizwa Industrial City reach OMR470mn

Muscat: The total volume of investments by mid-2022 stood at OMR470 million in Nizwa Industrial City, a senior official said on Wednesday.

“The number of industrial projects at the end of the third quarter of this year reached 154, spread over various activities in industrial, service and commercial fields. The City is working to play a pivotal role in accelerating development in Al Dakhiliyah Governorate and the neighbouring governorates, Ahmed bin Salem Al Hajri, Director-General of Nizwa Industrial City, said.

“The city has attracted many investors from inside and outside the Sultanate of Oman and has created a diversity of investments, products and job opportunities for young people besides contributing a lot to the local economy, ” he added.

"One of the most important industrial activities provided in the city is the logistics sector. It also offers technical support for oil and gas projects, food catering services, iron cutting and shaping, furniture and wood industry, plastic industries (pipes and tanks), building materials and liquefied gas products, glass industry and industry,” he said.

Spread out in an area of 7,213,788 square metres, the Nizwa Industrial City has an occupancy rate of more than 45 per cent. In addition, Al Hajri explained that Nizwa Industrial City