Lost your password?
Don't have an account? Sign Up

Nizwa Industrial City Occupancy Stands at 74% as Expansion Projects Persist



Nizwa, 15 Aug (ONA) — The Public Establishment for Industrial Estates (Madayin) is embarked on the implementation of vital projects at Nizwa Industrial City, including the 1 million square meter Phase 3 and Phase 4 expansion project and the construction of a second entrance to the industrial city.

Omar Mohammed Muqaibil, Director General of Nizwa Industrial City, said that the facility garnered good turnout from local investors wishing to get their projects localized. This interest was helped by the Industrial City’s floating various investment opportunities, particularly in the commercial services zone and in the industrial city’s area.

In a statement to Oman News Agency (ONA), Muqaibil said that the total volume of investments at the city by mid-2021 stood at RO 426 million, constituting a 15% rise over the figure of the corresponding period in 2020. By the end of June 2021, the number of workers there stood at 5,707, of them 2,568 (45%) were Omanis.

Out of 148 projects at Nizwa Industrial City by mid-2021, 128 have been completed, 10 under construction and 8 were designated lands in the industrial city’s over 3 million square meter area, said Muaqaibil, noting that this stands for 74% of the total area.

Sanad Service Centre (Masar) was among projects accomplished in the first half of this year. The project offers a number of government services aimed to facilitate investor’s obtaining permits, said Muqaibil, adding that important projects businesses include foodstuff industries and sale of building materials, glass, timber and steel. A number of oil and gas firms operating in the fields of maintenance and related industries are stationed at Nizwa Industrial City, which houses small and medium industries and provides services to factories and workers, he explained. 

— Ends/AB/AG


Source link