Al
Mudhaibi Industrial City Inks Two Investment Agreements Worth RO 5.75 Million

Al
Mudhaibi, 2 Jul (ONA) — Al Mudhaibi Industrial City, an affiliate of the
Public Establishment for Industrial Estates “Madayn”, signed two investment
agreements to localise six factories with a total investment of RO 5,750,000, covering an area of more than 21,000 sqm.

The
signing ceremony was held in the presence of Mahmoud Yahya Al Dhuhli, Governor
of North Al Sharqiyah and Eng. Dawood Salim Al Hadabi, CEO of Madayn, alongside
several officials from the public and private sectors.

The
first agreement, signed with Global Prime Matter SPC, incorporates
establishment of four factories specialising in electrical materials,
electronics, home furniture, and cold storage supplies, with an investment of
RO 5 million on a 14,538 sqm area. The second agreement, with Middle East
Livestock Company, involves setting up an automated poultry slaughterhouse and
a disinfectants factory, with an investment exceeding RO 750,000 over an area
of more than 7,000 sqm.

Eng.
Said Khalfan Al Shabibi, Acting Director General of Al Mudhaibi Industrial City,
stated that a total of five industrial projects were successfully localised in
the last quarter of 2024, with a total investment of RO 5.8 million. This
follows the official announcement in October last year inviting investment
applications in Al Mudhaibi Industrial City, bringing the total investment in
the city to date to approximately RO 11.6 million on an area of 75,000 sqm.

He
further noted that the tender for implementing Phase 1 of Al Mudhaibi
Industrial city is expected to be awarded early next quarter. The scope
includes the construction of internal roads, utility networks (electricity,
water, internet, and sewage), fencing and main gates, a facility building,
offices, and Madayn’s Entrepreneurial and Agricultural Complexes.

Al
Mudhaibi Industrial City is one of the latest cities being developed by Madayn,
extending over 9 million sqm, with Phase 1 covering about 1.5 million sqm. The
city enjoys a strategic location near the main highway connecting the Special
Economic Zone at Duqm with the Sultanate of Oman’s key ports and border
crossings. The city is a key component of the national strategic projects in
North Al Sharqiyah Governorate and aligns with Madayn Vision 2040 in
establishing world-class business cities in partnership with the private sector
and in line with the objectives of Oman Vision 2040.

—Ends/AG