Volume of investment in Raysut Industrial City hits OMR43mn

Oman Saturday 03/August/2024 19:47 PM
By: ONA
Volume of investment in Raysut Industrial City hits OMR43mn

Raysut: Raysut Industrial City, which is under supervision of the Public Establishment for Industrial Estates (Madayn) has seen an increasing number of investors, thanks to the attractive investment environment, facilities and incentives supportive to investors besides its strategic location close to Salalah Port and Salalah Airport.

Abdulqader bin Salim Al Balushi, Director General of  Raysut Industrial City said that as part of its priorities, Raysut Industrial City has aspired to get additional expansions as to attract more investments.

Raysut Industrial City is currently working on a project which would be announced before the end of the current year and aimed to raise the services of the basic structure.

The cost of this project is OMR3 million and includes provision of water and wastewater services and rehabilitation of other services.

He said that the first half of the current year saw localisation of eight investment projects in Raysut Industrial City at investments exceeding OMR43 million, bringing the total investments to over OMR500 million.

He said that the existing industries at Raysut Industrial City cover several sectors, notably the sectors of food, medicine, oil and gas industries, plastic industries, furniture, cement products and others.

The total employees at the existing companies and factories in Raysut Industrial City exceeded 3,000 including 38 percent  Omanis, he said.

Hamid bin Ali Bait Said , Director of Investors Services at  Raysut Industrial City said that Raysut Industrial City accommodates 195 projects. Raysut Industrial City is one of the key industrial cities that attract investments in the fields of food pharmaceutical industries and that I has become a regional centre for such industries, he added.