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Investments in Sur Industrial City cross OMR 1.5 billion

Oman Sunday 11/April/2021 10:16 AM
By: Times News Service
Investments in Sur Industrial City cross OMR 1.5 billion

Muscat: The total volume of investments in Sur Industrial City reached more than OMR one  billion by the end of 2020, the Director General of Sur Industrial City said.

Engineer Abdul Qadir bin Salim Al Balushi, Director General of Sur  Industrial City, said: “The total volume of investments in Sur Industrial City reached about OMR 1.5 billion  by the end of 2020."

Al-Balushi added: “The number of existing projects reached 127 and the workforce numbers 4,111, with an Omanisation rate of 49 per cent.” He indicated that the Industrial City currently has a number of projects under evaluation with investments of more than OMR 500 million. “It is hoped that they will be resettled during the next phase.”

The Director General also said: "The city is working to raise the elements of investment, as the implementation of the project for developing small and medium industries squares has begun at a cost of OMR 12.7 million , and includes the construction of roads with a length of 30 km and water and sewage networks of 15 km for each service."