Madayn Vision 2040 targets 10000 projects with an investment of OMR15bn

Madayn Vision 2040 targets 10000 projects with an investment of OMR15bn

Muscat: The Public Establishment for Industrial Estates (Madayn) on Tuesday launched its Madayn Vision 2040 to achieve OMR15 billion of investment and localising 10,000 projects in various fields by the end of the plan.“Of these projects, we aim at localising 6,500 industrial projects (factories) that shall provide around 270,000 job opportunities,” Hilal bin Hamad Al Hasani, CEO of Madayn, said.He pointed out that Madayn Vision 2040 is derived from the national priorities and goals of Oman Vision 2040 for the coming period.He was speaking at the Oman Convention and Exhibition Centre at an event under the patronage of His Excellency Qais bin Mohammed Al Yousef, Minister of Commerce, Industry and Investment Promotion.Madayn Vision 2040 aims at creating world-class business cities while maintaining the Omani identity to contribute to economic growth.The key projects of Madayn Vision 2040 include completing the development of the industrial cities in Sur, Al Buraimi, Suhar, Raysut, Nizwa, Al Mazunah Free Zone and Knowledge Oasis Muscat (KOM), he said.“New industrial cities are also coming up in Ibri, Thumrait, Shinas, Al Mudhaibi and Al Rawdah, in addition to specialised industrial complexes such as the plastic industries complex in Suhar Industrial City, precision manufacturing and nanotechnology in Sur Industrial