Salalah: His Highness Sayyid Asaad bin Tariq Al Said, Deputy Prime Minister for International Relations and Cooperation Affairs and Personal Representative of His Majesty the Sultan, officially opened the main building at Salalah Free Zone and the utilities of investors in the zone, in the presence of a number of ministers, undersecretaries, officials from government departments, military and security personnel and business leaders.
The OMR13.4 million-building was built in a total area of 22, 500 square metres to international standards to offer integrated services to investors and companies operating at Salalah Free Zone.
Ahmed bin Nasser bin Hamad Al Mahrazi, Minister of Tourism and Chairman of the Board of Salalah Free Zone, said that the Sultanate enjoyed a number of free zones which provided it with the opportunity to offer varied investment opportunities and options to investors in the various Governorates of the Sultanate.
Ali bin Mohammed Tabook, Chief Executive Officer at Salalah Free Zone, said that the total investments at Salalah Free Zone amounted to US$7.8 billion and the job opportunities stood at 7000.
“We at SFZ are determined to further contribute to achievement of the objectives of development through provision of 21,000 job opportunities and by attracting investments of US$15 billion during the next three years,” he added.
The benefits and incentives SFZ offers to investors include entering into usufruct agreements for thirty years (renewable) with investors, exemption from customs duty on imports and exports for 30 years, no tax on profits and dividends for 30 years, no tax on personal income and 20 per cent Omanisation among other benefits and incentives.
Salalah Free Zone was established by Royal Decree No. 62/2006 issued on June 20, 2006 and aims to attract foreign investment which contributes to further improve national economic development.