Sunday 21 April 2024
 
»
 
»
Story

Oman's Madayn launches first phase of Ibri Industrial City

RIYADH, February 25, 2024

Oman's Public Establishment for Industrial Estates (Madayn) has announced the launch of the first phase of Ibri Industrial City in Al Dhahirah Governorate, a strategic location bordering Saudi Arabia and the UAE, that will further support international trade operations.
 
The key phase was inaugurated by Najeeb bin Ali Al Rawas, Governor of Al Dhahirah, today (February 25) at a major ceremony held within Madayn premises.
 
Highlighting the significance of developing an industrial hub in Al Dhahirah Governorate, Al Rawas said it  marks a strategic continuation of the sultanate’s government goal to ensure balanced economic growth across its diverse governorates.
 
"Aligned with the core objectives outlined in Oman Vision 2040, this project aims to present a dynamic and competitive investment landscape that appeals to both local and foreign investors," he noted. 
 
The introduction of an industrial city in Al Dhahirah Governorate is poised to catalyse a significant qualitative leap in manufacturing industries and commercial activities, which will eventually play a role in generate job opportunities, encourage exports and the establishment of export industries, while also stimulating economic sectors such as transportation and banking," said Al Rawas.
 
"Al Dhahirah’s strategic location, bordering Saudi Arabia and the UAE, will further support international trade operations," noted the top official. 
 
"Coupled with its proximity to important hubs like Sohar Port, Khazaen Economic City and Nizwa Industrial City, as well as oil and gas concession areas and raw materials such as metals, marble and copper, the governorate holds immense potential for sustainable economic growth," he added.-TradeArabia News Service



Tags:

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads