Madayn assigns infrastructure works of Ibri Industrial City

Madayn assigns infrastructure works of Ibri Industrial City

Muscat: The Public Establishment for Industrial Estates – Madayn has assigned infrastructure works of Ibri Industrial City's phase one on an area covering 3 million sqm with a total value of approximately OMR9 million and an implementation period of 18 months. Eng. Nasser Al Mabsali, Director General of Ibri Industrial City, stated that Madayn will invest in developing the infrastructure including roads, lighting, water and communication networks, sewage networks, landscaping, and electricity network in coordination with Majan Electricity Company. "The strategic location of Ibri Industrial City on the road leading to Saudi Arabia and due to its close proximity to Oman's oil concession areas. Located about 200 km from Sohar Port and 300km from Muscat governorate, the industrial city will serve the mining, marble and food investment sectors," Al Mabsali pointed out. By establishing Ibri Industrial City, Madayn aims to achieve its vision in spreading lineup of industrial cities throughout the Sultanate's governorates, contributing to the advancement of the national economy, and providing direct and indirect job opportunities for the nationals in Al Dhahirah Governorate. In terms of incentives and privileges granted to investors to boost investment opportunities in Ibri Industrial City, Madayn has announced earlier this year exemption from