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The Public Establishment for Industrial Estates (Madayn) has achieved remarkable growth over the past five years, with a cumulative investment increase of RO 1 billion. This milestone aligns with Oman Vision 2040, emphasising economic diversification, job creation, and regional development.
Eng Dawood bin Salem al Hadabi, CEO of Madayn, stated that the total investment volume rose from RO 6.6 billion in early 2020 to RO 7.6 billion by mid-2024. Speaking to the Oman News Agency, he highlighted Madayn’s ongoing efforts to enhance Oman’s position as a regional hub for manufacturing, ICT, innovation, and business excellence.
Over the past five years, Madayn has established and developed industrial cities across Oman to ensure equitable development.
Ibri Industrial City: Opened in February 2024 in Al Dhahirah Governorate, this city covers 10 million square meters, with the first phase developed at a cost of RO 9 million. Its location near the Rub’ al Khali road enhances connectivity with Saudi Arabia.
Mahas Industrial City: Nearing completion in Khasab, Musandam Governorate, this city spans 1.4 million square meters and focuses on light and medium industries, including food processing, logistics, and construction materials.
Suwaiq Industrial City: Planned in North Al Batinah Governorate, it will cover over 10 million square meters and house industries ranging from food processing to pharmaceuticals.
Al Mudhaibi Industrial City: Located in North Al Sharqiyah Governorate, this city will leverage its strategic position near major transportation routes to promote logistics, agriculture, and other industries.
Thumrait Industrial City: In Dhofar Governorate, this city will focus on mining and construction materials, alongside support services like vehicle maintenance and warehousing.
Madayn has invested in upgrading infrastructure across existing industrial cities to improve the business environment:
Sohar Industrial City: Phase 7 expansion, costing over RO 13 million.
Nizwa Industrial City: Phases 3 and 4 completed for RO 5.5 million.
Sur Industrial City: Infrastructure developed for over RO 10 million.
Al Buraimi Industrial City: Phases 1 and 2 upgraded for RO 5 million.
Additionally, notable projects include the development of Al Mazunah Free Zone (RO 6 million), Samail Industrial City (RO 40 million), and Raysut Industrial City expansion (RO 3 million).
Madayn has also launched initiatives to support investors and drive innovation:
Masar Service Centre: Introduced in 2020, this one-stop solution simplifies approvals, permits, and licenses for investors.
Industrial Innovation Academy: Focused on strategic programs to foster innovation and sustainability.
Ladayn for Plastic Industries: A collaboration with OQ Group and other entities, this program has localized 16 plastic industry projects with investments exceeding $150 million.
Looking ahead, Madayn is studying the establishment of an aluminum industrial complex to further diversify Oman’s economy. Madayn’s developments reflect its commitment to creating a competitive and investor-friendly environment, supporting the Sultanate’s aspirations under Oman Vision 2040.
ONA