Saturday 28 / December / 2024
Muscat: Sohar Industrial City, which pertains to the Public Establishment for Industrial Estates (Madayn), signed today four investment pacts totalling over OMR17 million for projects spanning more than 55,000 sqm.
The agreements were inked during the Sohar Investment Forum – an event dedicated to spotlighting investment prospects in North Al Batinah Governorate.
The first investment contract was signed with the United Feeds Company for project spanning an area of 22,500 square metres, with an investment of OMR12 million.
The second contract was signed with Sedra International Industries Company to establish a project focused on manufacturing plastic raw materials across 11,757 square metres, with an investment of OMR3.7 million.
The third pact, with Omran White Cement Company, involves establishing a cement manufacturing project covering 11,250 square metres, backed by an investment of OMR1 million.
Lastly, the fourth contract was signed with Al Madina Food Industries to establish a project of tea blending and packaging over 4,910 square metres, with an investment of OMR850,000.
The signing of these contracts further advances the objectives of Madayn, aimed at attracting investments, localising national capital, generating employment opportunities for local talents, promoting the establishment of export-oriented industries, and stimulating the Sultanate of Oman’s economic sectors in alignment with Oman Vision 2040.
