28 Investment Agreements Signed
in Economic Zones, Free Zones and Industrial Cities

Muscat, 28 Oct 2026 (ONA) — The
Public Authority for Special Economic Zones and Free Zones today celebrated the
signing of 28 investment agreements valued at more than RO 304 million,
covering an area exceeding two square kilometres, for the establishment of
projects and expansions in special economic zones, free zones and industrial
cities. The investment projects and expansions are distributed across the
Special Economic Zone at Duqm, the Free Zone at Sohar, the Free Zone at
Salalah, the Khazaen Economic City, and the industrial cities of Sohar, Raysut,
Ibri and Nizwa. They include diverse investments spanning industrial, food,
logistics and commercial activities, enhancing investment diversity and the
integration of economic activities across these zones and cities.

The investment value of
agreements signed in the industrial cities operated by the Public Establishment
for Industrial Estates (Madayn) reached approximately RO 147.6 million. The
value of agreements in the Sohar Free Zone reached RO 58.5 million, in the Duqm
Special Economic Zone RO 55.08 million, in the Salalah Free Zone RO 32.95
million, and in Khazaen Economic City more than RO 10.4 million.

Qais Mohammed Al Yousef, Chairman
of the Public Authority for Special Economic Zones and Free Zones, affirmed
that these agreements form part of the Authority’s efforts to attract quality
investments, expand the base of specialized economic and industrial projects,
and enhance the competitiveness of special economic zones, free zones and
industrial cities, thereby contributing to national economic diversification,
job creation and the objectives of Oman Vision 2040.

He added that the Authority and
the zones under its supervision are keen to develop an investment environment
characterized by regulatory clarity and service efficiency, and to strengthen
partnership with investors to enable their projects to benefit from the
infrastructure and strategic location of the Sultanate of Oman and its
connectivity to regional and global markets.

The agreements included the
signing of 7 investment projects in the industrial cities of Sohar, Raysut,
Ibri and Nizwa operated by Madayn, with total investments of approximately RO
147.5 million and a total area exceeding 756,000 square metres.

In Sohar Industrial City, the
agreements included the Atlas Steel project in the steel industries, with an
investment exceeding RO 112 million and an allocated area of approximately
440,000 square metres for the establishment of a plant for iron and steel
products. They also included the Fujian Mancheng Industries and Investment
project in the ceramics industry, with an investment of RO 20 million on an
area exceeding 241,000 square metres.

In Raysut Industrial City, the
agreements included the Gulf Company for Organic and Biological Fertilizers
project for the manufacture of phosphate and nitrogen fertilizers, with an
investment of RO 7 million on an area exceeding 23,000 square metres, and the
Sahm Samhan Trading and Contracting project for the manufacture of structural
metal products and components, with an investment of RO 750,000 on an area of
9,000 square metres.

The agreements also included the
National Paper Investment project in Ibri Industrial City for the manufacture
of paper and corrugated cardboard, on an area of 8,000 square metres, with an
investment of RO 500,000.

In Nizwa Industrial City, the
agreements included Al Hilal Oil and Gas Services project, with an investment
of RO 4 million on an area of 27,000 square metres, and the Shandong Yukos Petroleum
Equipment project, with an investment of RO 3 million on an area of 6,000
square metres. Both projects specialize in the repair, maintenance and
manufacture of parts and components for multi-purpose machinery and equipment
in the oil and gas sector.

Eng. Dawood Salim Al Haddabi, CEO
of Madayn, affirmed that the agreements signed for projects in the industrial
cities of Sohar, Raysut, Ibri and Nizwa, with total investments exceeding RO
147.6 million and a total area of 756,802 square metres, reflect the ability of
industrial cities to attract investments that support the diversification of
the production base and strengthen the role of the industrial sector in the
national economy. These projects underscore the importance of providing an integrated
investment environment that responds to investors’ needs and enables the use of
governorates’ competitive advantages in establishing sustainable economic
activities, in line with the objectives of Oman Vision 2040.

He explained that these projects
include the steel, ceramics, fertilizers, paper products, structural metal
products and industrial support services for the oil and gas sector, a
diversity that opens broader scope for integration between industrial
activities and strengthens linkages with local supply chains.

The Sohar Free Zone agreements
included the project to own and manage Oman Automobile Assembly Complex, with
an investment of RO 38 million on an area of 317,000 square metres, to be
implemented by Sohar Automotive and Advanced Industries Company. The complex
aims to attract car manufacturers, supply chain companies and facilities
operating in light industries and advanced manufacturing linked to the
automotive sector, while developing the necessary infrastructure and
facilities.

The agreements also included the
establishment of a plant for Voltamp High Voltage Transformers to manufacture
power transformers and electrical distribution transformers, with an investment
of RO 15 million on an area of 75,000 square metres, targeting the export of
its products to a number of regional and global markets. They also included the
expansion of Lalan Middle East’s medical devices manufacturing plant with an
investment of RO 1.5 million to increase production capacity and add
production, storage and support service facilities.

In logistics activities, the
agreements included the establishment of a warehouse for the Five Stars Group
for sorting used clothing and exporting it to the international market, with an
investment of RO 3.85 million, and a station for Dynamic Logistics Services
Company for the storage and re-export of goods, with an investment of RO
150,000.

Dr. Raed Mohammed Al Rubaie, CEO
of Sohar Port and Free Zone, said that these agreements embody the strategic
direction of Sohar Free Zone toward attracting quality investments that
contribute to diversifying the industrial base and localizing value-added
industries, and entrench the position of Sohar Port and Free Zone as a regional
and global hub for industry, trade and logistics services.

They also reflect growing
investor confidence in the competitive advantages provided by our integrated
ecosystem and the opportunities it offers to enhance linkages between
industrial activities, supply chains and global markets, he affirmed.

In the Duqm Special Economic
Zone, the agreements included the establishment of the Al Jazir Feed Plant for
the production of shrimp feed, with an investment of RO 40 million on an area
of approximately 88,000 square metres. The project includes production lines,
facilities for receiving and storing raw materials, and quality control,
packaging, shipping and distribution facilities to support the company’s
integrated shrimp farming project.

They also included the
establishment of a quarantine facility for imported livestock and the supply of
red meat for Al Karkh Trading, with an investment of RO 4 million on an area
exceeding 526,000 square metres, and a plant for Muscat Changming Investment
for the canning of demersal fish products, with an investment of RO 5.36
million, comprising two lines for processing and manufacturing fish products
with a planned total capacity of 40 to 60 tonnes of fresh fish per day.

The agreements included Al Sawari
International Investment project to establish a plant for processing and drying
fish products, including tuna and squid, with an investment of RO 3.6 million
and a processing capacity of up to 10,000 tonnes annually, benefiting from
Duqm’s location and its connectivity to international shipping lanes.

In the field of recycling, the
agreements included the Smart Road Investment project to establish a refinery
for recycling used oils and petroleum waste, with an investment of RO 1.92
million, and a commercial and residential building project for Easy Solutions
Technology, with an investment of RO 200,000.

Eng. Ahmed Ali Ak’aak, CEO of Duqm
Special Economic Zone, explained that these signed agreements reflect the
diversity of investment opportunities the zone offers in the food, fisheries,
recycling and services sectors. These projects contribute to enhancing the
value addition of local resources and developing related supply chains, and
support the use of Duqm’s integrated infrastructure and strategic location in
accessing markets.

He noted that the zone continues
to work with investors to facilitate the implementation of their projects and
enhance their growth opportunities, expressing his aspiration that these
investments will contribute to supporting economic diversification and creating
opportunities for businesses and national talent.

In Salalah Free Zone, the agreements
included Al Nawras Industries project for the manufacture of steel structures,
with an investment of RO 19.25 million on an area exceeding 22,000 square
metres, and the Integrated Gypsum Company project for the manufacture of gypsum
products, with an investment of RO 7.7 million on an area exceeding 112,000
square metres.

The agreements also included the
Marai Dhofar project for the manufacture of Italian cheeses and dairy
derivatives, with an investment of RO 6 million.

Dr. Ali Mohammed Tabook, CEO of Salalah
Free Zone noted that these investments enhance opportunities for integration
between industrial activities and support services and benefit from the zone’s
location and its connectivity to Salalah Port and global markets. We continue
to work with investors to develop projects that add value to the national
economy and open new opportunities for business, he added.

In Khazaen Economic City, the
agreements included the establishment of a plant for Aleemit International
Services for the manufacture of electric vehicle chargers and their components,
with an investment exceeding RO 3.4 million on an area of 15,000 square metres,
and a plant for Joger Modular Building Technologies for the manufacture and
processing of precast concrete building components, with an investment of RO 2.5
million on an area exceeding 22,000 square metres.

They also included the
establishment of a plant for Al Yusr International for the production of
building and construction materials, with an investment of RO 2 million, a
plant for Around the World Achievements Company for the production and supply
of ready-mix concrete, with an investment of RO 400,000, and a warehouse for
Cinfenco Auto Services Centre for the storage of engine oils, related products
and vehicle spare parts, with an investment of RO 1 million. The agreements
also included the Khazaen Al Baraka Logistics project to establish a factory
and a commercial, logistics and light industrial complex dedicated to building
materials, with an investment of RO 400,000, and the Kunooz International
project to establish industrial units, with an investment of RO 700,000.

Eng. Salim Sulaiman Al Thuhli,
CEO of Khazaen Economic City, said these agreements add new projects to the
industrial, logistics and commercial activities in Khazaen Economic City. They
include investments in electric vehicle chargers, precast building components,
building materials and ready-mix concrete, as well as storage projects,
industrial units and supporting services. This diversity, he said, reflects
opportunities for integration between projects and enables investors to benefit
from the city’s infrastructure, location and attractive business environment.

Dr. Said Khalifa Al Qarini,
Director-General of Investment Development Sector at the Public Authority for
Special Economic Zones and Free Zones, affirmed that these agreements and
projects enhance integration between specialized industries, logistics
activities and support services, and provide opportunities to expand economic
and industrial partnerships and linkages between the zones under the
Authority’s supervision, maximizing the benefit of each zone’s comparative
advantage. This, he said, supports economic diversification and raises the
added value of investments in special economic zones, free zones and industrial
cities. He added that such projects play a role in providing promising
opportunities and supporting the growth of specialized sectors and enhancing
the Sultanate of Oman’s attractiveness for quality investments.

The signing ceremony was attended
by a number of Their Highnesses, Their Excellencies and officials from the
public and private sectors.

— Ends/AH