Investment volume in Mahas Industrial City hits OMR40 million

Business Monday 07/August/2023 18:27 PM
By: Times News Service
Investment volume in Mahas Industrial City hits OMR40 million

Muscat: Mahas Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates (Madayn), has recorded notable growth indicators in the first half of the current year, with its investment volume touching OMR40 million by the end of the first half, marking a growth rate of 5.3 per cent compared to the same period last year.

Mahas Industrial City has successfully attracted and expanded five investment projects this year, covering a total area of 50,000 sqm, which has resulted in the overall leased area reaching approximately 191,500 sqm. Moreover, the workforce in Mahas Industrial City has touched 236, with an Omanisation rate of 40 per cent.

Mubarak bin Salim Al Ghailani, Acting Director General of Mahas Industrial City, informed that the road and infrastructure project in the industrial city is on track and has achieved a completion rate of 50 per cent as of this August. Al Ghailani highlighted the successful completion of all concrete works for the main entrance bridge, which connects the industrial city to the main road. Moreover, the excavation, expansion and preparation of the main channel to protect against rainwater and floods, along with the construction of protection walls, have been completed.

A significant part of the main roads’ preparation and foundation works for the main water tank, and water, emergency and sewage pipelines, have also been completed. The entire project is expected to be fully completed and delivered by mid of next year.

Al Ghailani pointed out that this project, which is being developed on an area of one million sqm at a total cost of approximately OMR5 million, incorporates the construction of a 75-metre bridge linking the entrance of the industrial city to the main road; internal road network of 7km; rainwater drainage channels and protection walls with a width of 20 metres and a total length of 4km; electricity, telecom, water and sewage networks; main water tank with a capacity of 1,000 cubic metres; sewage collection tank with a capacity of 1,000 cubic metres; and installation of 100 solar powered pole lights.

This project aims at providing a world-class, appealing and dynamic investment environment by implementing road and infrastructure projects that meet international standards and specifications, providing essential services and facilities for the investors, improving traffic flow and enhancing the overall scenery of the industrial city. These developments highlight the industrial city’s thriving landscape and its positive impact on economic growth, making it an ideal destination for investments and businesses.

Al Ghailani emphasised that Mahas Industrial City was established in compliance with the profound interest and directives of His Majesty Sultan Haitham bin Tarik to expedite economic and industrial growth while attracting both local and foreign investments to Musandam Governorate. Mahas Industrial City covers a total area of 1,548,821 sqm and is designated for light and medium industries, in addition to logistics, warehouses, technical services, commercial and residential activities, among other activities.

“Mahas Industrial City aims at localising a variety of projects including fish processing, water purification, beverage bottling, boat and shipbuilding, fibreglass products, building materials, furniture, textiles, recycling industries, import-export warehouses, commercial activities, among others,” Al Ghailani said, adding: “Mahas Industrial City is currently home to several factories and companies operating in the manufacturing of building materials like ready-mix concrete, asphalt and artificial stone products, animal feed, poultry, commercial warehouses, electricity generation facilities, and several key projects will be announced soon.”

He also noted that Mahas Industrial City places significant importance on promoting social responsibility within Musandam Governorate through supporting entrepreneurs and SMEs, as 15 tenders were awarded to local SMEs covering a wide range of services, supplies, shipping, and general maintenance. The management of Mahas Industrial City also implemented initiatives to clean up waste and promote green spaces, and safety awareness workshops and field visits were conducted at factories to ensure employee safety.