Madayn working on major Oman industrial city projects

  • Date: 27-Sep-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:Oman
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Madayn working on major Oman industrial city projects

Muscat: Oman's Public Establishment for Industrial Estates (Madayn) said it is currently working on implementing several projects at Nizwa Industrial City, which include expansion of phases 3 and 4 on an area of one million sq m and implementing a second entrance to the industrial city. Furthermore, a number of investment opportunities were announced recently in Nizwa Industrial City, specifically those related to commercial services and the residential city.The total investment volume of Nizwa Industrial City has surged to over RO369 million ($956 million) during the first half, thus marking a growth rate of 1.13% compared to the same period last year, said its top official. "The total workforce in the industrial city has surged to 6,100 and the total area of the industrial city has surpassed 3 million sqm," stated