Salalah Free Zone attracts investments worth OMR 727mn

Salalah Free Zone attracts investments worth OMR 727mn

Muscat: During the first half of 2023, the Salalah Free Zone, affiliated to the Asyad Group, was able to attract economic projects by signing 5 new usufruct agreements, with a total investment amounting to OMR 727 million. Total cumulative agreements in the Salalah Free Zone reached 127 usufruct agreements, with a total volume of OMR 4.5 billion.

Dr. Ali bin Muhammad Tabuk, CEO of the Salalah Free Zone Company, said: The new agreements in the first half of this year include a project to establish a factory for the production of washing powder and detergents, and another for the manufacture of ferrous alloys and wrapping paper, as well as a factory for manufacturing textiles and plastic packaging for health care purposes, in addition to a urea and ammonia production project, and the “Exahertz” company project in the field of hosting and data processing.

He stressed the free zone's keenness to attract private investments in the technology sector and the digital economy. This will come through the opening of the data hosting and processing project in mid-August for the international company, Exahertz, to build a huge blockchain data centre, which is an important station indicating the success of the Salalah Free Zone in