Muscat: A business delegation from Oman Chamber of Commerce and Industry (OCCI), Branch of South Al Sharqiyah Governorate, visited Sohar Industrial City, which falls under the umbrella of the Public Establishment for Industrial Estates – Madayn, to get acquainted with the available investment opportunities.
Hamad bin Hamoud Al Qasabi, Director-General of Sohar Industrial City, received the Omani business owners and briefed them on Madayn’s mission in attracting industrial investments and providing continued support through regionally and globally competitive strategies, good infrastructure, value-adding services, and easy governmental processes.
During the visit, Madayn officials informed the delegation that Sohar Industrial City is divided into seven phases where the occupancy rate in the first four phases has touched 100 per cent, while the occupancy rate of phases 5 and 6 is almost 70 per cent, and the occupancy rate in phase 7 is about 40 per cent. They added that work is underway in the development of phase 7 of Sohar Industrial City, which will be completed during the first half of next year. Being implemented on an area of 8.5 million sqm, Phase 7 of Sohar Industrial City includes road works, water and sewage networks, sewage treatment plant, rain drainage channels, water tanks in addition to security requirements.
The Omani business owners were then introduced to the incentives offered by Madayn to attract local and foreign investments into its industrial cities across the Sultanate. They were also briefed on the objectives of Masar Service Centre in Sohar Industrial City, which was established by Madayn to offer an integrated platform that eases investment procedures for the investors to obtain related approvals, permits and licenses under one roof and within a specific timeframe. The Omani business delegation then toured Sohar Industrial City and visited Asian Paints Company, Al Ahlia Converting Industries Company, and Modern Sohar Mills (Attaya International Investment).
