CONSTRUCTION NEWS
Oman's Madayn hosts investment summit for Suhar Industrial City
Dec 25, 2019 7:34 PM
The Public Establishment for Industrial Estates Madayn represented by Suhar Industrial City yesterday (Wednesday) investment meet with business owners and industrialists in Suhar. The meeting which was...
The Public Establishment for Industrial Estates – Madayn, represented by Suhar Industrial City, yesterday (Wednesday) investment meet with business owners and industrialists in Suhar.
The meeting, which was held at Majan Hall in the wilayat of Suhar, aimed at highlighting current and future projects in Suhar Industrial City, Madayn Industrial Academy and Masar Investment Window. The meeting also highlighted the events of the upcoming Oman Industry Week 2020.
Speaking at the event, Director General Engineer Abdullah bin Salim Al Kaabi said the strong bond between the investors and Suhar Industrial City had contributed to the achievement of steady growth at all levels.
“In terms of statistics, the number of localised projects in Suhar Industrial City has touched 350 by the end of this year, with an investment volume exceeding Two Billion and Fifty-Two million Omani Rial. The workforce in Suhar Industrial City has touched more than 17,000, of which 35% are Omanis,” noted Al Kaabi.
According to him, Suhar Industrial City has endeavoured to implement a number of projects including the efforts to complete the infrastructure project in Phase 7.
“This project aims at providing infrastructure services such as electricity, water, sewage service, rain drainage channels, in addition to safety and security requirements of the industrial city. “We have already accomplished nearly 80% of the project and it is expected to be completed by end of next year,” added Al Kaabi.
Suhar Industrial City in cooperation with the Ministry of Transport has implemented the road between phases 6 and 7, which would greatly facilitate the transport movement.
“We are in the process of completing the connection of this road to the expressway by mid of 2020,” stated Al Kaabi, adding: “Masar Investment Window, which will be ready by the first quarter of 2020, shall offer an ideal platform to facilitate the process of obtaining licenses and approvals under one roof.”
An agreement was signed this year between Suhar Industrial City and Majis Industrial Services for potable water service as a solution to the challenge of water service interruption that occurs sometimes. The agreement aims at creating an integrated supply of water service and supply of potable water to the industrial city. It should be noted that this network has been activated last week.-TradeArabia News Service