AR 
EN 
The Public Establishment for Industrial Estates (Madayn) has announced a new package of incentives aimed at strengthening the investment climate in Al Mazunah Free Zone. The announcement, made during the Al Mazunah Economic Forum and Exhibition, is part of efforts to attract fresh investments and foster economic growth in Oman.
Eng. Ahmed bin Khamis al Kasbi, Director General of Al Mazunah Free Zone, said, “This incentive package is designed to ease financial pressures on investors, encourage project expansion, and strengthen partnerships. Key benefits include a 30% exemption on accumulated debts and a 50% reduction in rental fees for five years, applicable to both new and existing investors. These measures reflect our commitment to building a supportive and sustainable investment ecosystem.”
Over the years, Al Mazunah Free Zone has witnessed remarkable progress in investment and trade activities. In 2024, the zone recorded an impressive increase in the volume of imported goods, exceeding 240,000 tonnes—a growth of more than 20% compared to 2023. This upward trend highlights the zone’s strategic importance as a regional trade hub.
Eng Al Kasbi emphasized the readiness of the Free Zone to host diverse investments, thanks to its state-of-the-art infrastructure. The zone is equipped with essential facilities, including road networks, electricity, water, communication systems, and advanced storage and transportation solutions. Its proximity to the Yemeni border enhances its appeal as a strategic gateway for regional and international trade.
The Al Mazunah Economic Forum and Exhibition has further elevated the zone’s profile by bringing together over 100 local and international companies. The event serves as a platform for showcasing investment opportunities, promoting collaboration, and driving innovation to meet Oman’s economic aspirations.
These new incentives aim to attract long-term investments, foster innovation, and enhance economic sustainability. By addressing the needs of both new and existing investors, Madayn reinforces its mission to position Al Mazunah Free Zone as a key driver of Oman’s economic diversification agenda.
Madayn’s proactive measures underline its role in creating a dynamic business environment that supports growth, competitiveness, and regional connectivity, ultimately contributing to Oman’s Vision 2040 goals. — ONA