Investment
Agreement Inked to Establish Industrial Complex in Sohar Industrial City

Sohar,
4 Nov (ONA) — Sohar Industrial City, an affiliate of the Public Establishment
for Industrial Estates “Madayn”, signed an investment agreement with Silver
Stone Company to establish an industrial complex within the city. The project
involves developing and equipping a 45,000 sqm area with a total investment
exceeding RO 1.5 million.

The
project comes in line with the growing demand for industrial and logistics
investments in the Sultanate of Oman, following a comprehensive market study
conducted by the implementing company to identify actual market needs and
opportunities for industrial facilities and services. The agreement includes
the design, construction, and marketing of modern industrial buildings that can
be divided into multiple units, with each unit covering a minimum area of 500
sqm. Investors will have the flexibility to lease or own one or more units
according to their business needs.

The
complex will feature integrated infrastructure, including water, sewage,
electricity, and telecom networks, in addition to internal roads, parking
spaces, lighting, and rainwater drainage channels. Each unit will be allocated
sufficient space to facilitate loading and unloading operations. The complex
will also include workshops to support tenants and investors on the site, and
thereby enhancing operational efficiency and reducing logistics costs. All
buildings and facilities will be designed and constructed in line with local and
international standards, reflecting Madayn’s vision and values of providing a
safe, clean and sustainable industrial environment, and in accordance with the
requirements of the relevant authorities.

The
Industrial Complex in Suhar Industrial City represents a significant addition
to the industrial infrastructure in North Al Batinah Governorate, supporting
the light industries sector by offering an integrated environment for local and
international investors and contributing to attracting SMEs and promoting the
growth of manufacturing and light industries. This aligns with Oman Vision
2040, which aims to achieve economic diversification, enhance the
competitiveness of the industrial sector, and strengthen partnership with the
private sector.

—Ends/AG