PHOTO
A business delegation from Oman Chamber of Commerce and Industry (OCCI), Branch of South Al Sharqiyah Governorate, visited Suhar Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates – Madayn, to get acquainted with the available investment opportunities.
Hamad bin Hamoud Al Qasabi, Director General of Suhar Industrial City, received the Omani business owners and briefed them on Madayn’s mission in attracting industrial investments and providing continued support through regionally and globally competitive strategies, good infrastructure, value adding services, and easy governmental processes.
During the visit, Madayn officials informed the delegation that Suhar Industrial City is divided into seven phases where the occupancy rate in the first four phases has touched 100%, while the occupancy rate of phases 5 and 6 is almost 70%, and the occupancy rate in phase 7 is about 40%. They added that work is underway in the development of phase 7 of Suhar Industrial City, which will be completed during the first half of next year. Being implemented on an area of 8.5 million sqm, Phase 7 of Suhar Industrial City includes road works, water and sewage networks, sewage treatment plant, rain drainage channels, water tanks in addition to security requirements.
The Omani business owners were then introduced to the incentives offered by Madayn to attract local and foreign investments into its industrial cities across the Sultanate. They were also briefed on the objectives of Masar Service Centre in Suhar Industrial City, which was established by Madayn to offer an integrated platform that eases investment procedures for the investors to obtain related approvals, permits and licenses under one roof and within specific timeframe. The Omani business delegation then toured Suhar Industrial City and visited Asian Paints Company, Al Ahlia Converting Industries Company, and Modern Sohar Mills (Attaya International Investment).
-Ends-
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
