3 projects worth RO 23.4m launched in Salalah Free Zone

In a high-level inauguration ceremony, three new plants kicked off operations at Salalah Free Zone (SFZ), adding RO 23.4 million in investments to the zone’s portfolio of businesses.

 

The inauguration ceremony, held under the patronage of Dr Mahad Said Baowain, Minister of Labour, was attended by Dr Ali Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) and a host of top government officials.

 

Salalah Free Zone – operated by Asyad Group – presented an overview of the three high-value ventures, the first being an RO 9.6 million food processing plant by the Special Integrated Food Company (SIFCO).

The second venture is phase one of Al Namariq Mining Company’s quicklime plant, an RO 10 million Omani-Iraqi joint investment. The third is an RO 3.8 million fabric and plastics manufacturing and packaging plant by Apex Transgulf Manufacturing (APEX) that aims to serve local and regional markets targeting various industries including healthcare, food and beverages.

 

Commenting on the latest investment in Salalah Free Zone, Dr Ali Mohammed Tabouk, CEO of Salalah Free Zone, stated: “these new additions hosted by our free zone reflect the critical role of SFZ in driving industrial progress and stimulating economic growth in Oman, and capitalizing on logistical synergy with the Port of Salalah to enhance the value chain by linking it to the port’s direct shipping line network and Asyad Group integrated logistics solutions. We are proud of the strategic transnational partnerships that we unveiled today with market players from Yemen, Iraq and Pakistan which will bolster the manufacturing and value-added capabilities in the Sultanate.”

“All three plants are equipped with the latest production technology and hardware that allow them to optimize their production capacities and product quality, while capitalizing on the unique competitive advantages offered by SFZ,” Tabouk added. “Such new ventures enable sustainable development in Oman by enhancing the country’s industrial infrastructure, increasing exports, and boosting trade. We look forward to supporting our partners’ growth and contribution to Oman’s economy.”

 

In 2023, Salalah Free Zone reeled in around RO 728 million in investments with SFZ leased plots reaching 1.2 million sqm. Usufruct agreements in the free zone also increased to 129 with total investment exceeding RO 4.5 billion.

Aligned with Asyad Group and OPAZ’s investment strategy, this inauguration is further proof of the stakeholders’ commitment to creating an attractive and stable investment environment that unlocks business opportunities and stimulates growth across free zones.

 

By improving its integrated logistics solutions and land offering, SFZ is becoming a major hub for regional and global businesses to expand into Oman, create distribution centers, and capitalize on the fast, seamless access to the largest consumer markets around the world.

 

 

 

 

Oman Daily Observer