Gulf investments in Sultanate's industries at RO1.5b

MUSCAT — Gulf investments in industrial estates in the Sultanate have touched RO1.5 billion, according to the latest government statistics and the government is planning to attract more regional investors to the mega projects currently underway at the Sultanate.

By From Our Correspondent

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Published: Mon 19 Jun 2006, 11:05 AM

Last updated: Sat 4 Apr 2015, 3:25 PM

According to reports, the Sultanate wants the investments at these estates to use locally made materials and export a larger portion of the production to the world markets, according to the man responsible for the industrial estates in Oman, Sultan bin Salem Al Habsi, Executive Manager of General Establishment for Industrial Estates.

He said that over 30 new projects are expected to be set up in the industrial estates in 2006 and 2007. "We are encouraging the investors to move their planned projects to new areas like Raysut, Nizwa, Sur and Buraimi, and benefit from the facilities we are providing there, which vary from advantageous infrastructure and excellent prices, in addition to reliable electronic network to complete the necessary official procedures," he added .

But the official denied that any special privileges are given to the industrial estates at Raysut and Sohar. "The point is that they are just too close to each other. Raysut is adjacent to the Sultan Qaboos Port in Muttrah, while Sohar has its own port and this gives them a natural advantage," Habsi noted.

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