Nizwa Industrial City investment tops OMR425mn

15-Aug-2021, Times of Oman

Nizwa: The total volume of Nizwa Industrial City investments by mid-2021 stood at OMR426 million, a 15 per cent rise over the figure of the corresponding period in 2020. a senior official has said.

Omar Mohammed Muqaibil, Director General of Nizwa Industrial City, said that the facility garnered a good turnout from local investors wishing to get their projects localised.

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.

The Public Establishment for Industrial Estates (Madayin) is implementing 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.

By the end of June 2021, the number of workers there stood at 5,707, of them 2,568 (45 per cent) were Omanis, Muqaibil said in a statement.

Out of 148 projects at Nizwa Industrial City by mid-2021, 128 have been completed, 10 were 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 per cent 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.